Historic-low interest rates will power ahead astonishing solar cost reductions
An Ieefa report has suggested the cost of generating electricity from solar will be near zero in the world’s sunniest regions by 2030-40 – despite what the naysayers at the International Energy Agency might think.
NHDC seeks to empanel solar EPC installers and module manufacturers
The hydropower producer—which recently diversified into solar power projects—has invited global applications as it seeks to empanel EPC agencies and module manufacturers for its solar projects. June 22 is the last date to lodge the interest.
Adani Green Energy wins world’s largest solar award
The developer is reported to have exercised an option to double the 4 GW of solar generation capacity and 1 GW of cell and module production facilities it secured in the manufacturing-linked solar tender carried out by the Solar Energy Corporation of India in November.
Single-axis bifacial PV offers lowest LCOE in 93.1% of world’s land area
Researchers from the Solar Energy Research Institute of Singapore have concluded that utility-scale PV projects relying on bifacial panels and single-axis trackers deliver the lowest levelized cost of energy in most of the world. They found that the combination of bifacial products with dual-axis trackers is still too expensive, despite the higher yield. The second-lowest LCOE is offered by monofacial single-axis tracker plants.
Tata Power to set up superfast EV chargers at MG Motor outlets
The 50KW DC chargers will be accessible by both MG ZS electric vehicle (EV) customers as well as other EV owners whose automobiles are compatible with the CCS/CHAdeMO charging standards.
Solar manufacturers in SEZs say customs duty will be counterproductive
Module manufacturers in special economic zones would be at a disadvantage when selling in the domestic market as they would be required to pay basic customs duty on the value of solar modules.
India’s IPLTech to use Faradion sodium-ion batteries for commercial vehicles
The Gurgaon-based data-driven fleet service provider—which launched India’s first all-electric heavy-duty truck last year—will use Faradion’s sodium-ion batteries in its commercial vehicles.
Solar costs have fallen 82% since 2010
The levelized cost of energy generated by large scale solar plants is around $0.068/kWh, compared to $0.378 ten years ago and the price fell 13.1% between 2018 and last year alone, according to figures released by the International Renewable Energy Agency.
The EV story in post-Covid India
The near-term outlook for electric vehicles (EVs) remains bleak owing to supply and demand headwinds coupled with the expectation of sluggish investment to scale up the support ecosystem.
Risen reaffirmed as India’s biggest solar module supplier in 2019
The Chinese manufacturer maintained its leading volume supplier position with the highest market share while accruing over 3.6 GW module installations in India.
