Markets & Policy

In the past financial year, India missed its rooftop solar PV targets, although it did exceed those for both grid-connected ground-mounted and off-grid systems, reports the Ministry of New and Renewable Energy. Bridge to India believes the government’s rooftop targets have been set at the wrong level and that around 10 GW will be installed by 2022, rather than 40 GW.

At the World Trade Organization’s Safeguard Committee Meeting, the European Union and Japan found that India’s safeguard measures on imported solar PV cells and modules need further investigation, and must be more conclusive. India replied, saying it has nothing to add.

Expressions of interest (EoI) for the assets of bankrupt Moser Baer Solar are likely to be invited this week, resolution professional Arvind Garg announced. The company owes over Rs 1,000 crore (around US$149.8 million) to a number of lenders.

Bangladesh will buy at least 2 GW of solar power from India, which will be mostly produced from large PV power projects in the states of Gujarat and Rajasthan, according to reports.

The governments of the U.K. and India have announced a new green fund, managed by Lightsource BP and the Everstone Group, which will see up to £500 million invested in green energy in India. The U.K. has also joined the Indian-led International Solar Alliance (ISA).

In the latest edition of its long-term renewable energy outlook, the International Renewable Energy Agency (IRENA) calls for at least six-fold deployment of renewables by 2050, compared to the levels set out in current plans. Investment in low-carbon technologies needs to increase by around 30% to $120 trillion to enable the energy transition and avoid escalating stranded assets, the report finds.

Jayant Parimal, Adani Green Energy Ltd CEO, speaks to pv magazine about the recent trade conflicts India is suffering. He talked about the background of the duties, why it all became so complicated and its impacts on installation growth and manufacturing sector.

For two separate projects, Madhya Pradesh state is witnessing delaying and associated losses. In one, ReNew Power has been slapped with $1.68 million fine for delays to a 51 MW PV project, and in another case, BHEL’s proposed 10 MW solar plant obstructed by state government.

The U.S. headquartered inverter company has mentioned that the new Enphase IQ microinverter enables faster installation and reduce maintenance costs for installers. Moreover, new technology will produce 18% more power and will be 31% lighter and 15% smaller than the current M-Series microinverters.