Can solar industry tide over the Covid-19 crisis?
Planning ahead is crucial to ensure the Indian solar industry bounces back quickly and the slowdown is not carried forward to 2021-22, say BloombergNEF analysts even as they estimate 75% fall in PV imports in the first quarter of year 2020 over the previous quarter and revise annual capacity addition forecasts.
Sungrow signs 650 MW PV inverter supply deal with Avaada Energy
The Chinese inverter manufacturer will supply its 1500V 3.125 MW central inverter solution for Indian developer Avaada Energy’s upcoming PV projects in India.
Covid-19: Discom revenue dip could spell trouble for PV producers
Sliding electricity demand and declining commercial and industrial activity could prompt distribution companies to block or delay payments to solar power producers.
SECI tenders 5 GW of grid-connected renewable projects with storage option
The selected developers shall set up renewable power projects on build-own-operate basis anywhere in India and complement the generated renewable power with thermal power, if needed, to ensure round-the-clock power supply.
Project developers in south Asia can secure cash from IRENA funding pot
The Climate Investment Platform launched by three multilateral bodies in September is now open for business and renewables companies in developing nations across 14 regions including south Asia could qualify for help with clean energy facilities, renewables-related grid improvements and energy efficiency schemes.
Ministry explores alternatives to bank guarantees for solar projects
Lobby group the National Solar Energy Federation of India has welcomed the move and asked the Ministry of New and Renewable Energy to extend any such measures to existing contracts to help developers meet working capital requirements.
DGTR initiates review of safeguard duty on solar cells and modules
An application seeking continued imposition of the safeguard duty for a further period of four years was filed by Mundra Solar PV, Jupiter Solar Power and Jupiter International, through the Indian Solar Manufacturers Association (ISMA).
Optimistic solar outlook dimmed by COVID-19 – Bridge To India
Developers are also expected to drag their heels over project completion during the first half of the year as the safeguarding duty applied to imported Chinese and Malaysian solar products is due to expire at the end of July.
CEL tenders 3 MWp of multicrystalline solar modules
Bids are invited for supply of multi-crystalline solar modules, with peak power output of minimum 325 Wp each, to different substations in various districts of Maharashtra and Uttar Pradesh. Bidding closes on March 5.
REIL tenders 170 quantities of string inverters
March 2 is the last date to bid for supply of 5, 15, 20, 25, 30 and 50 KVA string inverters with inbuilt data loggers. Bids will open on March 3. Contract period is up to September 30.
