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India

Nearly 8 GW of solar projects receive 6 month extension – MNRE

To ensure their continued viability, nearly 8 GW of solar PV projects have been granted an extension by the Ministry of New and renewable Energy (MNRE).

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Historic low tariff for 35 MW rooftop solar tender

The recent 35.29 MW rooftop solar tender, floated by Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) hit a historic low tariff of Rs. 1.58 (US$0.022) per unit. Overall, it attracted 31 bidders, and was oversubscribed by 630%.

India to introduce cap on solar tariff

In a major development, the Ministry of New & Renewable Energy (MNRE) has directed the Solar Energy Corporation of India (SECI) to fix the upper permissible solar tariff at Rs. 2.50 (US$0.036)/kWh and Rs. 2.68 ($0.038)/kWh for developers using domestic solar cells and modules (without safeguard duties), and imported products (with safeguard duties), respectively.

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Power regulator told to pass on changes in duties to consumers

A time-bound process would eliminate financial uncertainties for stakeholders – be it developers, lenders or the DISCOMs. It is a particularly big relief to solar PV power developers seeking pass-through for the impact of goods and services tax (GST) on project costs.

India’s solar dreams need storage push – IESA

With a rapid reduction in costs, solar plus storage can be an effective alternative for customers buying peak power from the grid. At the same time, utilities can avoid investments in peak capacity or eliminate load shedding by utilizing these resources.

MNRE timetable tries to get solar authorities into line

The government department has allocated various months for enabling organisations to hold their tendering and bidding processes, but critics have pointed out states are free to formulate their own plans.

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GUVNL unveils 1 GW solar tender, Maharashtra sets generic PV tariff

Gujarat Urja Vikas Nigam Limited (GUVNL) has invited expressions of interest (EoIs) to develop 1 GW of grid-connected solar PV projects at the proposed 5 GW Dholera Solar Park. The state of Maharashtra, meanwhile, has issued a generic PV tariff.

Cygni Energy raises US$6.4 million, aims to triple solar DC capacity

Hyderabad based Cygni Energy plans to utilize the capital to triple its solar DC solutions production capacity from 4,000 units to 12,000 by H1 2019, develop new technology-enabled products and streamline the product lifecycle, as well as expand nationally and internationally.

Funding the key obstacle to renewables in Asia

Banks categorize renewable energy projects as risky and believe they offer lower rates of return than fossil fuel schemes, making them reluctant lenders.

SECI issues 250 MW tender for Maharashtra solar park

Bidders can apply for the whole capacity or 50 MW sections, and the maximum payable tariff for the energy generated cannot exceed Rs2.93/kWh. The electricity generated will be sold to the state power company.

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