Global PV market to grow by another 621.7 GW by 2022, SolarPower Europe says
Global newly installed capacity for 2018 is forecast to reach 102.6 GW, of which “only” 39 GW are expected to come from China. Fourteen countries are expected to cross the GW threshold this year.
New solar benchmark costs announced for off-grid, rooftop
India’s Ministry of New and Renewable Energy (MNRE) has announced the new benchmark costs for off-grid solar photovoltaic (PV) systems and rooftop solar projects for the financial year (FY) 2018-19.
Is SoftBank’s $100 billion investment in Indian solar realistic?
While news of Japan’s SoftBank announcing up to USD 60-100 billion investment in India’s solar PV power generation is creating ripples across the industry circles, industry analysts feel that the committment sounds unrealistic in view of India’s current PV market status and future needs.
2018 global PV market to see negative growth following China backtrack
Global solar PV demand this year will be less than in 2017, on the back of China’s latest policy decision, says TrendForce. Overall, it sees new installs dropping 40% in China to 31.6 GW. The protectionist measures taken by the U.S. will also be weakened by the resulting falling module prices.
BHEL wins INR 1.25 billion worth of solar PV plant orders in Gujarat
The first order for installing a 20 MW PV power plant has been placed by Gujarat Alkalies and Chemicals Limited (GACL), while the other, for a 10 MW PV power plant, has been received from the Gujarat State Fertilizers and Chemicals Limited (GSFC). Both of the solar PV power plants will be installed at the Gujarat Solar Park in Charanka, Gujarat.
India records best ever quarter, but safeguard duties holding solar industry back – Mercom
According to Mercom India, the Indian solar PV industry has recorded its strongest quarter since the launch of the National Solar Mission. In addition to declining module prices, both rooftop and utility-scale installations saw strong growth. Clarity is needed, however, on the ongoing safeguard duty saga, to drive the industry forward.
India to launch its own battery cell production
India’s PV sector is expanding at a serious pace, creating jobs and further securing energy supply for many businesses. Yet, sourcing battery cell technology at the current rate resulted in annual foreign exchange of Rs. 1012 crore creating deficits, that hopefully can be averted in the future.
Fortum selling 54% shares of its 185 MW PV portfolio in India
The company was adamant that it will not exit the Indian PV market, after rumors last October suggested that the company will sell its PV assets in India. Now, the company reiterates its commitment and stresses that additional funding will be used to develop new assets.
Azure Power secures 25-year PPA for 75MW project in Assam
Earlier this year the state announced it would install an additional 590 MW of solar PV to meet growing energy demand. Last year Assam had a 4.2% energy deficit.
India: The first solar plant bid at INR 2.44 expected to go live in August
The Indian Ministry of New and Renewable Energy (MNRE) says the nation will exceed 175 GW of installed renewable energy capacity as plans for bidding for 115 GW of renewable power projects to March 2020 were announced. The target for PV parks has been increased from 20 GW to 40 GW with some 41 parks in 21 states – with aggregate capacity of more than 26 GW – already sanctioned.
