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be worth INR 1.83 billion and will be installed at an unspecified location in India. Furthermore, the company has also secured a deal to supply 135 MW of solar PV

India will fall short of its much-hyped 2022 target of reaching 175 GW of renewable energy generation capacity by as much as 42%, according to Mumbai ratings agency CRISIL’s REturn to Uncertainty report. Blaming policy failures, trade tariffs, power purchase agreement uncertainty and waning developer interest, CRISIL predicted India’s installed renewables capacity could rise by just 40 GW to 104 GW by 2021-22, from 64.4 GW in the last fiscal year. The projected 104 GW figure includes 59 GW of solar capacity which will rise to 81 GW in 2023-24 with the balance supplied by wind capacity as India reaches an expected 130 GW of renewables in four years’ time. CRISIL pointed to waning interest from developers which saw 26% of the 64 GW of renewables projects tendered by public bodies in the last fiscal year receive either no bids or a lukewarm response. A further 31% of such projects were delayed after being tendered. That added up to only 34% of tendered renewables capacity being allocated, down from a cumulative 77% in 2015-16 and 2016-17. Tender failures “Despite the increase in tendering volume, not only has allocation of projects slowed down but both under-subscriptions and cancellations of awarded tenders have also increased,” the report stated. Citing “growing incoherence between the policy thrust on RE [renewable energy] on the one hand, and the actual action by implementation agencies like the Solar Corporation of India (SECI) and state distribution companies on the other”, the report said an unstable policy environment posed a big risk to the country’s clean energy targets. The ratings agency study also mentioned tariff re-negotiations in Andhra Pradesh. At the end of July, the state’s electricity distribution companies (discoms) owed around Rs2,600 crore to renewable energy producers, partly because the state government had delayed payments over a tariff dispute. Such prolonged delays and disputes not only set a negative precedent but also endangered investment, according to the CRISIL report. Similarly, the Rajasthan government’s recent draft solar and solar-wind hybrid project policy proposed an additional annual levy of Rs2.5-5 lakh per megawatt of generation capacity for all projects selling power to entities outside the state. If implemented, the move could be highly detrimental as Rajasthan is one of the most prized states for PV plant developers. Remedies In the last fiscal year, federal government entities cancelled 4.4 GW of renewables capacity after deciding the resulting electricity tariffs were too high with state distribution companies cancelling a further 100 MW. For instance, SECI terminated its 2.4 GW interstate-transmission system Tranche II solar scheme as the resulting Rs2.64/kWh solar power tariff was higher than expected. “Developers are also increasingly losing interest as central and state power discoms are increasingly lowering tariff caps, which is constraining project viability and resulting in renegotiation of tenders, where counter-parties disagree on pricing,” stated the CRISIL report. “The Bhadla Solar Park in Rajasthan, which saw tariff bids of Rs2.44 per unit in May 2017, has become a benchmark of discom expectations on tariff bids today, resulting in a solar tariff cap of around Rs2.5-2.6 per unit.” The ratings agency report stated confidence global investors will continue to supply the estimated Rs2.6 lakh crore India’s renewables industry will need over the next five years, provided governmental clean energy policy is consistent. To restore developer confidence, CRISIL recommended relaxing tariff caps; enhancing cooperation between federal and state authorities; and the formalization of policies such as renewable purchase obligations and penalties for delays in payments by including them in the Electricity Act.

India's largest floating solar power plant of 2MWp capacity has been introduced at Chandigarh. The floating solar facility was inaugurated by the Governor of

June 2018 as well as granted agreements to Belectric in October that year. "India is not just one of the biggest PV markets yet likewise among one of the most

for International Renewable Energy Certificates (I-RECs) in Brazil, India, and also Turkey. The crucial purpose behind the I-RECs is to provide market

India has released new draft guidelines for the bidding process under its Wind-Solar Hybrid Policy, which includes e-reverse auctions and allows for the addition of energy storage capacity. The Ministry of New and Renewable Energy (MNRE) guidelines are applicable to projects of greater than 5MW in size at a single site with a minimum bid capacity of 25MW for projects within one state. For inter-state projects, the guidelines apply to projects of 50MW or larger with a minimum bid capacity also of 50MW. Both the wind and solar components of such projects must account for at least 20% of the project capacity. Power from such projects will be procured through tariff-based bidding for power purchase agreements (PPAs) of no less than 25 years duration, held by state-run body Solar Energy Corporation of India (SECI). The procurer may define additional parameters to the tariff such as a minimum firm power output throughout the day or for defined hours during the day, minimum electricity to be supplied per day, and extent of variability in supply. Tariffs may also be either fixed or escalating over a number of years. The hybrid project developer must declare the project's annual capacity utilisation factor (CUF) at the time of signing the PPA. This can then be revised within the first three years from commissioning. Calculation of CUF will be on a yearly basis from 1 April of the year to 31 March of the following year. The declared annual CUF should not be lower than 30%. If developers fail to meet CUF requirements, they will be liable to pay penalties to the procurer for the shortfall, but this may be relaxed in cases where there is a lack of availability of the grid beyond the power of the developer. Penalties will be calculated at 50% of the PPA tariff for the shortfall in energy terms. In the guidelines there were also provisions for Change in Law/Regulations, payment security, Force Majeure, Generation compensation for off-take constraints such as curtailment, and what happens in the event of a default. Energy storage may also be added to projects to further assist grid integration, increase energy output at the delivery point and to ensure availability of power at certain time periods, which a key factors in the government's focus on hybrids and storage. The Hybrid Policy was announced on the 14 May 2018 as the government hoped that combining the two technologies would help ease the burden on transmission infrastructure by reducing the variability of renewable power generation. This was not long after PV Tech visited the inauguration of India’s first major Solar and Wind hybrid project that was developed for C&I consumers in the southern state of Karnataka - which is also set to have storage added. A scheme for setting-up of 2.5GW of wind-solar hybrid power projects was then sanctioned on 25 May 2018. Stakeholders can provide comments on the draft guidelines by 31 October.

for two 250MW BESS projects to be built at the same place, attaching to India's Inter-State Transmission System by means of a substation at Fatehgarh in the

overall mounted roof solar power capability in India currently stands at 1922 megawatt (MW), therefore much over Rs 1,874 crore has actually been launched as

problems by lowering dependancy on standard fossil fuel-based power. India has a target to mount 100 GW of solar energy capacity with a dedication to

be coupled with the disposal of a 330-MW bundle of functional solar parks in India that Macquarie 330 MW bought from Hindustan Powerprojects Pvt Ltd back in 2017

financing offer for SoftBank's most recent and also biggest solar project in India. The 900 megawatt-DC solar farm in the Phalodi-Pokhran Solar Park in the State

contracts for the procurement of 100 percent rate of interest in SB Energy India from the SoftBank Group (80 percent) and also Bharti Group (20 percent). SB

over 74 percent of the overall market share in 1H 2020, according to the "India Solar Market Leaderboard 1H 2020," released by Mercom India, part of

wealth funds, oil and also gas majors, advancement financial institutions, India's state-owned entities as well as energy industry leaders might all play a

brand-new projects readied to show up on the internet next year. As well as in India, the company has partnered with CleanMax to satisfy 70 to 80 percent of its