1.2 GW solar auction sees slight rise in tariffs
As against the all-time low of Rs 2.44 per unit recorded in July last year, the latest SECI auction saw the lowest winning tariff of Rs 2.55 per unit offered by ReNew Power. Other winners included Azure Power, Eden Renewable and SoftBank-backed SB Energy.
Concessional finance can make solar and batteries cost-competitive faster: BNEF
The higher the cost of a technology, the greater the potential impact concessional finance can make. For a lithium-ion battery project, reducing capital costs by even one percentage point can reduce energy generation costs by $10/MWh.
Solar EVA sheets attract AD duty for five years
Following a petition by domestic manufacturers seeking legal protection under anti-dumping laws, the Directorate General of Trade Remedies has recommended the imposition of duties ranging from $537-1,559/metric ton on solar ethylene vinyl acetate sheets imported from China, Malaysia, Saudi Arabia and Thailand.
ReNew Power secures fresh $350 million from US investor
The Gurugram-based independent power producer has secured fresh debt financing of up to US$ 350 million from the US government-owned Overseas Private Investment Corporation (OPIC). This follows an earlier round of financing in March 2016 when OPIC had granted a loan of US$ 250 million to ReNew Power.
Gujarat to set up 100 MW solar PV project atop Narmada canal
The state-owned Sardar Sarovar Narmada Nigam will set up the 100 MW solar project atop branch canals of river Narmada at an estimated cost of Rs 100 crore. Four locations in central Gujarat have already been identified for the project.
ISES president on the promise of a 100% renewable energy world
The oldest solar organization in the world, the International Solar Energy Society, dates back to 1954. President David Renné tells pv magazine about India’s solar dreams, the next best thing in solar technology and what renewables hold for the world’s future.
Greenko raises fresh $550 million from Singapore and Abu Dhabi investors
This is the third round of Greenko investment by Singapore’s sovereign wealth fund GIC Holdings and Abu Dhabi Investment Authority (ADIA), taking their total in the Indian renewable energy firm to $2 billion.
Sungrow crosses 3 GW of PV inverter sales in India, eyes 5 GW by 2020
The Chinese solar PV inverter manufacturer expects to touch 3.5-3.6 GW of sales by March 2019 in the country. Expanding its lineup, it plans to launch inverters for residential sector too in the second half of the current year.
Developing an energy sector vision in Andhra Pradesh – IEEFA India
Situated in south-east India, the state of Andhra Pradesh is a leading producer of renewable energy with 7.2 GW of installed capacity as of December 2018. The state’s share of renewable energy as part of total capacity has trebled in the last four years from 11% in 2014 to 30% in 2018.
Gujarat’s latest 500 MW solar auction serves up a low tariff
Aggressive bidding secures price of Rs2.55 for U.S. company in a procurement exercise whose results are unlikely to see GUVNL throw its toys out of the pram.
