$23 billion rooftop PV opportunity in India, but 40 GW targets ‘unachievable’ – BNEF
India’s rooftop PV ambitions present a US$23 billion investment opportunity, says Bloomberg New Energy Finance (BNEF). However, despite the sub-sector being the fastest growing, its 40 GW targets are “unachievable”.
Solar developers not following DCR policy may face government action
India plans to take action against solar power companies using imported equipment for projects, which were awarded under the country’s domestic content requirement scheme, according to local media.
India solar installs hit 2.2GW in Q3
Record growth continues as India installed 2,247 MW of solar projects in Q3 2017, up 15% from Q2 2017. The total installation at the end of 2017 is expected to range from 9.5 GW to 10 GW. The 7 GW solar installation in first nine months covered more than one-third of total new power capacity addition in 2017.
Sunsure Energy look at $30.8 million revenue in FY2018
The New Delhi based solar developer is marking its second consecutive year of growth. Sunsure Energy founded in 2014, until now, has commissioned 6+ MW and is executing 25+ MW solar installation across India.
Climate Policy Initiative presents financial solutions for rooftop solar in India
CPI has summarized the present rooftop sector of India, its economics, and the financial facilities to the industry from government and banks. The analyst and advisory firm has presented the solutions for the current financial obstacles to the growth of rooftop solar. The team has advised two Indo-U.S. collaborative initiatives, USICEF and USICFP, with which these solutions can be implemented.
Odisha announces net metering system for rooftop solar
Odisha Electricity Regulatory Commission has introduced a net metering facility to the existing rooftop solar plants in the Bhubaneshwar and Cuttack city of Odisha.
Indian government planning ‘rent a roof’ policy for solar rooftop
Under proposed ‘rent a roof’ policy, solar developers will rent rooftop space to install a PV array and offer to lease to each household and then feed the solar power to the grid, said MNRE Secretary Anand Kumar.
India has installed 810 MW rooftop solar to date
The government has achieved only 17% of the set targets for the 2017-18 financial year, which is just 2% of the goal of 40 GW grid-connected solar rooftops by 2022. MNRE will soon propose new schemes to improve the sector.
Global solar market to grow 30% and reach close to 100 GW this year, says Bernreuter Research
The German-based analyst and polysilicon specialist believes that newly installed solar PV capacity will hit 95 GW in 2017 and could hit 100 GW. Polysilicon spot prices set to fall by end of year.
REC Group brings globally successful channel programs to India
REC, one of the biggest European brand of PV panels, is expanding in India with Redington as designated partner.
