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Indian and Australian solar will spearhead a grid parity shift set to take hold of Asia-Pacific renewables within less than a decade, according to Wood Mackenzie. Renewables’ levelised cost of energy (LCOEs) across the region’s top 12 markets remains 29% higher than coal-fired power but the gap will vanish by 2027, the firm predicted on Monday. By 2030, the new analysis estimated, solar and wind will actually be 17% cheaper on average than any fossil fuels across the 12-strong group, spanning India, Australia, China and Japan. Wood Mackenzie research director Alex Whitworth said the shift will drive a major jump in these markets’ current renewable share of 6%, creating “opportunities” but also “disruption”. The figures show Indian solar LCOEs (US$38.2/MWh) already outcompete those of the country’s cheapest fossil fuels (US$44.5/MWh), thanks to high irradiation, market size and competition. Australia, Wood Mackenzie noted, will be second. The country’s past dependency on coal and gas is crumbling, as fossil fuel price hikes and green regulations bolster the case of renewables. After LCOE drops of 42% over the past three years, Australian PV already outcompetes gas and will reach US$48/MWh next year to catch up with coal, according to the firm. As Whitworth noted, Australia’s transition won’t be devoid of challenges, including grid impacts and curtailment issues. Energy storage, he argued, is “one of the key options” to shore up supply. Japan, Indonesia and Malaysia lag behind Wood Mackenzie’s update examined the grid parity journey of Asia-Pacific’s solar, finding utility-scale PV cost declines of 80% between 2010 and 2019 across the region. From solar LCOEs (US$344/MWh) above wind’s (US$120/MWh) in 2010, the industry has finally jumped ahead in 2019, achieving US$69/MWh to wind’s US$72/MWh. For some, however, the going is far slower. Where PV hit LCOEs of US$38.2/MWh in India in 2019, it remained behind in Japan (US$153/MWh), Indonesia (US$106/MWh) and Malaysia (US$88.6/MWh) All three solar markets – the priciest in Wood Mackenzie’s sample of 12 – will be the only in Asia-Pacific where renewables will not catch up with coal prices by 2030, the firm noted. The market tailwinds taking Asia-Pacific’s solar to grid parity are pushing the industry towards the same goalpost across the rest of the world.  In May, IRENA reviewed renewable projects and PPAs and found 83% of the utility-scale PV pipeline commissioned for 2020 will boast prices lower than the cheapest fossil-fuel alternatives. According to the agency, India and Italy were the world’s most cost-efficient PV markets as of 2018, followed by China, France and Germany. Others, including McKinsey, have predicted different outcomes for the global grid parity race. In February, the firm said Germany and Spain would hit the goal next year, outrunning India and Australia.

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Green has commissioned a 1‑GW solar module manufacturing facility in India, bolstering domestic supply as developers seek local content, traceability and

Solar Park India 2020 2245 map   57 The planned capacity of 2,245

Power Renewable, a branch of India-based energy colossus Tata Power, has been awarded by the energy utility located in Gujarat for a new 50-megawatt

solar jobs, as well as one more 400 MW of solar jobs are under pipe throughout India. Blueleaf has established, developed as well as run virtually 2 GW of solar

group. " Together with our just recently announced financial investment in India, this purchase shows considerable development versus CI NMF's investment

has actually revealed that its' investee business SolarArise India Projects Private Limited (SolarArise), a Delhi-based solar project developer, has

the company are energetic in business of power generation with solar power in India, it included. The Competition Commission of India (CCI) in a tweet on

SWSL, the extra visibility in Europe comes with a time when the Indian market has actually supplied slim pickings. At its analyst contact September

solar and also wind power to electrical power distribution business in India. Its portfolio contains 2.9 gigawatts-peak (GWp) of properties (2.1 GWp

will position the business amongst the top 5 solar production companies in India. The company also completed 25 years of operation in 2020. The brand-new

Bengaluru, Karnataka. Exide is the biggest lead-acid battery manufacturer in India and the revelations have been made in a regulatory filing by the firm. Exide

Project having Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) at Rs 2.54/ kWh for a duration of 25 years, on 14th April 2020," a firm

the recent 2 GW solar public auction held by the Solar Energy Corporation of India (SECI). The Basque developer landed 15% of the capacity offered in the