The Gujarati multinational will invest Rs700 billion to set up world’s first 100% renewable powered data center parks in the state.
Mercom Capital’s latest report on financial activity in the solar sector illustrates an increasing flow of capital towards downstream companies and PV projects – as well as a split between China and the rest of the world.
India is set to add renewable energy capacity of 15,860 MW in 2019, a leap of 50% on the 10,560 MW installed last year. Around 70% – 10,902 MW – of the new capacity will come from utility-scale solar projects, according to Bridge To India analysts.
The National Solar Energy Federation of India submitted the proposal to the Commerce Ministry in December and expects approval for a Renewable Energy Export Promotion Council in the next few months.
India’s leading infrastructure finance company IL&FS expects up to Rs 80 billion from wind and solar asset sales.
India contributed to one-third of the global sales of distributed solar products during January-June 2018. Indian manufacturers can further leverage the International Solar Alliance (ISA) platform to engage with the global market, says Viraj Gada, GOGLA’s India regional representative and spokesperson for The India Distributed Energy Forum and Expo (IDEF), in an interview with pv magazine ahead of the event on January 30 and 31 in New Delhi.
“One billion mini-grids, one billion home lighting systems, one billion solar PV ports, 10 million jobs and energy for all have-nots around the world. This is the primary dream of the Global Solar Council (GSC) and we shall achieve this by 2030,” Pranav R Mehta, who took over as Chairman of Global Solar Council today, told pv magazine in an exclusive interview.
Tariff ceilings, safeguard duties, a falling rupee and mandated manufacturing capacity turned 2018 into a year of annulled tenders, and no shows by bidders.
2018 has been a volatile year for the Indian solar industry, with several hits and misses. They include the government yo-yoing over safeguard duties, annulled tenders, confusion over Goods & Services Tax (GST), record installation figures, yet predictions that the country will not meet its ambitious target of achieving 100 GW solar capacity by 2022.
Having reflected on the year gone by, it is time to turn attention to the coming year. Many predictions may not fully, or even partially, bear the fruit they promise – and the unexpected is always lurking in the background – however they can be a useful indicator of certain pathways and growth areas. With this in mind, the pv magazine team has compiled a list of the top 14 solar PV and energy storage trends expected to characterize 2019. What do you think? Have we missed anything?
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