Markets

The EPC contractor and solar PV module manufacturer aims to capture over 15% of India’s Rs 600 crore off-grid solar inverter market by 2022, thus becoming one of the largest solar inverter players in the segment.

The Solar Energy Corporation (SECI) has pushed back the bid submission deadline for ISTS-connected 1.2 GW wind-solar hybrid projects by two weeks. On the other hand, the revised deadline for 200 MW grid-connected solar PV power capacity in Uttarakhand is now April 30.

The Mumbai-based commercial solar player—which aims to more than double its customer base from 120 corporates to 300 by 2022—will use the amount to support its expansion of renewable energy portfolio from 500 MW to 2 GW in the next three years.

In September 1988, the United Nations spelt doom for the Maldives when the organization predicted that a gradual rise in average sea levels would leave the Indian Ocean nation of 1,196 small islands completely covered by water within 30 years.

The Solar Energy Corporation of India (SECI) has invited bids for setting up of 100 MW (AC) grid-interactive solar PV power plants at the premises of state-owned coal mining company Singareni Collieries Company Limited (SCCL) in the state of Telangana. The project would be awarded through reverse auction. The deadline for bid submission is June 7.

Narendra Modi’s BJP party is seeking re-election with the aim of ensuring the electrification of all railways by 2022 and turning renewable energy into a popular movement with steps including an emphasis on solar farming. Even if the elections spring a surprise, however, the renewable momentum is unlikely to slow as no government can afford to roll back the clean power tide.

Lead-acid battery manufacturer Exide Industries has entered into 26-30% equity shareholding agreement with Singapore-based Cleantech Solar Energy for three captive solar power plants to be set up for its manufacturing units in Tamil Nadu, Haryana and Maharashtra.

National Institute of Solar Energy (NISE), an autonomous R&D institution of Ministry of New and Renewable (MNRE), has invited bids from technically and financially capable manufacturers to manufacture and deliver NISE designed and developed solar dryer cum space heating systems on pan India basis.

Themed around “Right to Energy,” the 4th TILA International Conference on Energy (TICE 4) held recently in New Delhi aimed to accelerate the pace of energy revolution through intensive deliberations and concerted initiatives among countries. Well attended by over 400 delegates, the international event highlighted that energy is going to be the next big revolution after telecom.

The world had more than half a terawatt of PV generation capacity at the end of last year as emerging solar markets picked up the slack caused by Beijing’s subsidy about-turn to the tune of a 20% rise in installations outside China.