ReNew Power Ventures, a leading clean energy company, which has doubled its solar capacity to 2GW in just one year, has projects in trouble backed by Goldman Sachs.
The Solar Energy Corporation of India has scrapped large amounts of solar+storage tenders at both the Pavagada and Kadapa solar parks as it seeks to renegotiate with states for lower tariffs.
A total of 27 carports at India’s Cochin International Airport, the first airport in the world to run completely on solar power, are now up and running.
The $625 million program, which is being financed by the World Bank, will provide private developers with financing for viable grid-connected rooftop PV projects.
Swansea University will lead a consortium of 12 British and Indian universities on a £7 million project to build five solar-powered buildings in remote Indian villages that will be fully self-sufficient.
French clean energy developer Engie is reportedly discussing a partnership with Indian roofing manufacturer Everest Industries to develop “solar-ready” rooftop solutions for the under-served distributed generation market.
Report by market analysts forecasts India to become world’s third-largest solar market for 2017 but warns of headwinds including rising competition forcing down tariffs, uncertainty caused by anti-dumping issue, and potential rising module prices.
The large-scale project will be owned and developed by IBC solar in Odisha.
Opinion: One of the main challenges for investors in India is to meet competitive pricing while achieving acceptable quality. Prakash Vora, senior director – Operations at Terraform Global India, explains how to ensure quality in India.
Switzerland’s ABB has further consolidated its market presence in India’s burgeoning renewables sector, surpassing a 5 GW supply milestone. The company claims its inverters now power 40% of various solar projects across the country, whose accumulated capacity stands at 13 GW.
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