Spanish wind energy giant Gamesa announced this week that it has beaten its previous wind turbine manufacturing record, set back in 2008, by building more than 1,880 wind turbines so far this year.
According to the Minister of Power, Coal and New & Renewable Energy, electricity generated from solar power projects now accounts for 12.2% of the total electricity generated from all renewable energy projects in India.
The Indian government has sanctioned three solar power parks, or ultra mega solar power projects, in the western state of Maharashtra.
The Kamuthi solar farm produces 648 megawatts of electricity but here is the astonishing part. It was completed in just 8 months. Not only is solar power inexpensive and getting cheaper, a complete solar installation can be completed in the shortest possible time — a critical factor for countries like India where large portions of the population have no access to reliable electrical energy.
According to the Ministry of New & Renewable Energy, a total renewable energy capacity of 42.6 gigawatts (GW) is to be added to the grid between April 2017 and March 2019.
Chinese industrial group Sany has announced plans to set up large-scale wind and solar power projects in India.
Indian Railways is planning to set up around 5 gigawatts (GW) of solar capacity across the country in partnership with the United Nations Development Programme (UNDP). The capacity addition will be a mix of rooftop and ground-mounted projects.
One of India’s largest solar power tenders will finally come to fruition as power purchase agreements are expected to be signed soon.
UK-based Lightsource has come out with plans to set up large-scale solar power projects in the budding solar power market of India over the next few years.
Highly competitive bidding has resulted in the revision of feed-in tariffs for solar power projects in India.
The Solar Energy Corporation of India has allocated 750 MW capacity in the state of Rajasthan at record-low tariff of Rs 4.00/kWh (US¢5.9/kWh). The auction was held under the Viability Gap Funding scheme wherein competitive bidding takes place for the capital cost support instead of tariffs.
