The International Renewable Energy Agency (IRENA) has issued a new report, entitled Renewable Power Generation Costs in 2018. The report finds India as the country with lowest installation cost for solar PV power plants. IRENA has compared costs for 19 countries with large solar PV installed capacities.
In the interest of promoting the use of solar power across the world, the International Solar Alliance (ISA) has proposed an agreement to facilitate trading of solar power across borders.
One of India’s largest solar module manufacturers has launched two new products focused on the country’s rooftop solar power market. The company now expects an exponential growth trajectory over the next few years.
Adani Solar, a subsidiary of Adani Green Energy, and part of the Adani Group, has set an ambitious target for itself — to achieve 50% share in India’s solar panel market which is currently dominated by Chinese equipment.
One of India’s largest renewable energy generation companies plans to raise fresh equity funding through a rights issue.
Finally, a ray of hope for the Indian renewable energy market with massive oversubscription in the latest and fourth national-level solar power tender issued by the Solar Energy Corporation of India. The massive oversubscription reported for this tender comes after capacity offered in a slew of state and central-level tenders remained unsubscribed by project developers.
Results of India’s second national-level solar-wind hybrid auction are in. While capacity allocated to project developers has declined, there remains a silver lining for the Solar Energy Corporation of India (SECI) in terms of price bids.
India has shared details of large power transmission projects dedicated for renewable energy projects in the western parts of the country. The transmission projects are part of the Green Energy Corridors program that was envisaged to support the massive renewable energy capacity addition targets announced by the Indian government.
In the face of lingering issues of land acquisition, uncertainty over taxes and import duties and slowdown in overall economic growth India has reduced its solar power capacity addition target to the lowest level in four years.
India’s Ministry of New and Renewable Energy (MNRE) recently announced the capacity addition target for 2019-20. The target is the lowest in four years, giving an indication that renewable energy sector in India needs urgent policy and financial support.
