Indian large-scale solar growth could slow to 5-6 GW next year, finds Bridge to India
The Indian solar market is presently undergoing many challenges, including the GST effects, high module process and decelerating power demand. India’s utility sector is expected to stabilize at a much lower 5-6 GW growth rate per annum for the next two-three years, says Bridge to India.
NTPC set to enter EV charging stations business
The National Thermal Power Corporation Ltd (NTPC), India’s largest power generation company, is seeking pan-India license to accelerate its electric vehicle charging stations business.
Fortum says it is not exiting the Indian solar market
The Finnish utility has reiterated its commitment for the Indian PV market, after a media article had reported that the company is seeking to sell its solar assets in the country.
Fortum-NBCC and ABB pledge to build EV charging stations in India
Fortum will collaborate with NBCC, India to develop 150 electric vehicle (EV) charging stations in India over the next 18 months, while ABB has bid for the tender to provide 4,500 charging stations across the country.
U.S. PV system prices have already increased due to Section 201 (w/ charts)
The latest report by GTM Research puts numbers on the increase in H2 2017 system prices and analyzes the potential damage from a range of scenarios.
AECEA: 50 GW within reach for 2017 installations in China
According to the latest briefing from Asia Europe Clean Energy Consultants (AECEA), China is likely to install more than 50 GW of PV in 2017, a second consecutive record breaking year for the world’s leading market.
ISA drafts program for scaling rooftop solar to be launched at RE-INVEST 2017, India
The program will be launched during RE-INVEST 2017, India on December 8. The event will hold several other sessions, including the launch of International Solar Alliance (ISA). Indian Prime Minister Narendra Modi and French President Emmanuel Macron are likely to attend the ISA Founding Ceremony.
Raj Kumar Singh kicks off Global RE-Invest 2017 and Founding Ceremony of ISA
Addressing the gathering, R K Singh, Minister for MNRE, said, “by 2030, 40% of India’s energy needs would be met by Renewable Energy.” Also, at the event Kiribati signed the ISA framework, becoming the 41st country to do so.
Madhya Pradesh signs state guarantee for 750 MW Rewa PV plant
The guarantee is a unique initiative by the state government of Madhya Pradesh for its Payment Security Mechanism, which had a role to play in the phenomenally low tariff achieved for the Rewa solar project.
Reliance Capital signs $46m deal with IREDA for renewable projects
Reliance Money has announced that it will receive INR 3bn ($46 million) from IREDA for financing renewable projects across India.
