News

India signs loan agreement with the World Bank for $100 million for large-scale solar power projects named as “Shared Infrastructure for Solar Parks Project”.

CPI has summarized the present rooftop sector of India, its economics, and the financial facilities to the industry from government and banks. The analyst and advisory firm has presented the solutions for the current financial obstacles to the growth of rooftop solar. The team has advised two Indo-U.S. collaborative initiatives, USICEF and USICFP, with which these solutions can be implemented.

Indian Space Research and Observatory (ISRO) presented the usage of space technology for solar energy. The space center has included solar radiation data on the existing observation system VEDAS (Visualization of Earth Observation Data and Archival system). ISRO also presented the rooftop potential for smart cities, a government initiative to develop sustainable cities with world-class facilities.

Vikalp Mundra, Joint MD and promoter of Ujaas Energy Ltd, speaks to pv magazine about the solar manufacturing and quality importance for India. The company has installed more than 200 MW of solar at utility-scale, rooftop, and residential. He also defended the Renewable Energy Certificate, but explained its drawbacks.

Massachusetts Institute of Technology’s (MIT) study of solar pump technology used in India assesses technical performance and explores innovative business cases to increase user adoption. The study also helps farmers to choose the right size of the pump according to their requirement or size of fields.

Greenko and Renew Power both companies are in talks with Canadian developer SkyPower to buy its stake in Indian solar projects.

Panel consisting of government officials and industrialists organized discussion on ‘Innovative Financing and Market Evolution to achieve 175 GW renewables by 2022’ at the India pavilion at COP23 in Bonn. The government remains ambitious to meet its target and to follow sustainable development.

Odisha Electricity Regulatory Commission has introduced a net metering facility to the existing rooftop solar plants in the Bhubaneshwar and Cuttack city of Odisha.

Under proposed ‘rent a roof’ policy, solar developers will rent rooftop space to install a PV array and offer to lease to each household and then feed the solar power to the grid, said MNRE Secretary Anand Kumar.

Indian renewable analyst firm notes that anti-dumping comes at inopportune time with the industry already reeling from a slowdown in new project procurement, extra costs due to GST, import duties and increased module prices. It is expected to come by October 2018 and may affect all stakeholders and projects in the pipeline as well as those awaiting auction.