India Expects To Add Almost 10 Gigawatts Of Solar Capacity This Year
The Indian solar power market is expected to see another record capacity addition this year as several large-scale power projects are lined up for commissioning.
The Indian solar power market is expected to see another record capacity addition this year as several large-scale power projects are lined up for commissioning.
The appetite of solar power developers has not at all dwindled in the Indian market as a recent tender witnessed a massive oversubscription.
A joint venture of Softbank, Foxconn Technologies, and Bharti Enterprises has announced that it has commissioned the world’s seventh largest solar power project in India.
One of India’s largest solar power parks, and the cheapest so far, has crossed yet another milestone in its journey towards commissioning and full operationalization.
Solairedirect, a company owned by French utility Engie, recently won rights to develop a 250-megawatt solar power project in the Kadapa solar power park being developed in the state of Andhra Pradesh.
Bids in India’s solar power market have crashed sharply ever since the government launched the National Solar Mission, data released by the Ministry of New and Renewable Energy shows.
As India continues to add new solar power capacity at a rapid pace, the amount of electricity generated from these assets is also increasing to levels never seen before.
Finland-based Fortum Corporation recently announced that it commissioned its largest solar power project. The project, located in the Indian state of Rajasthan, is also among the cheapest solar power projects in the country.
IDFC Alternatives is in talks with First Solar to acquire 200 megawatts solar power projects located in Andhra Pradesh and Telangana. The expected deal size is $200 million.
The 15.5 megawatt solar project that powers the Cochin International Airport in southern India will soon see an expansion, thus adding to the airport’s distinction as the world’s first to be powered solely by solar power.