While overall global investment in clean energy saw a decrease of just 1% YoY in the first half of 2018, solar’s share dropped 19% following changes to China’s PV policy and lower project costs, says Bloomberg NEF (BNEF). It forecasts this trend to continue throughout the year.
More than 80% of India’s solar equipment requirements are met through imports from China. Against this backdrop, industry analysts see the predicted 30% lower module pricing, following China’s revised policy, as a good news for Indian PV projects.
Chinese giant boasted 18% of the Indian market, to be crowned the nation’s top dog for the third consecutive year. Canadian Solar, First Solar, Hanwha Q Cells and JA Solar also enjoyed a big export market from the rising solar power.
Madhya Pradesh recently floated a tender for the implementation of grid connected rooftop solar PV projects under the RESCO (renewable energy service company) Model. Manu Srivastava, principal secretary and commissioner, New and Renewable Energy Department, Government of Madhya Pradesh, and managing director of Madhya Pradesh Urja Vikas Nigam (MPUVNL), speaks to pv magazine about the tender and initiatives taken by the state government.
On the sidelines of the Renewable Energy Dialogue 2018, organized by Council on Energy, Environment and Water (CEEW) in New Delhi recently, pv magazine spoke to the Counil’s founder and CEO, Arunabha Ghosh, senior programme lead, Kanika Chawla, and Hero Future Energies CEO, Sunil Jain about the performance of India’s renewable sector over the past year, the reasons for the deferral of solar PV project auctions, and the poor uptake of rooftop solar in India.
Israel-based Ecoppia has partnered with SB Energy, a wholly-owned subsidiary of SoftBank Group Corp., to deploy 2,000 robots across its five sites in the Bhadla Phase III and IV Solar Park Project in Rajasthan, India. This announcement follows its recent completion of large-scale deployments with ENGIE and Ostro Power (Actis Group) in the Bhadla park. pv magazine speaks to Ecoppia CEO Eran Meller about the project.
All future bids for renewable projects would have at least 50% domestic manufacturing component for developers. The government will also soon make it obligatory for project developers to manufacture storage systems.
Despite this, at least half the companies among the top 10 – in terms of shares of projects sanctioned – changed every year between 2014 and 2017. International independent power producers (IPPs) accounted for around 45% of the sanctioned projects in solar parks. Around 35% of the park projects were awarded to IPPs registered in Mauritius, where companies benefit from preferential taxation.
In a significant development, two major international solar coalitions – the Global Solar Council (GSC) and the International Solar Alliance (ISA) – signed an MoU for the cooperation and collaboration of solar growth in all ISA-member countries. Pranav Mehta from the GSC talks to pv magazine about the move.
The projects are to be developed on a build-own-operate basis for an aggregate capacity of 2,500 MW. The eligible bid capacity is 200-500 MW, with a project capacity of at least 50 MW at one project site. The maximum tariff payable to each project developer is fixed at Rs 2.93/kWh for the entire term of 25 years.
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