Search
India tops 2 GW of Q1 solar installs yet 2021 will certainly be tough
India Study's latest quarterly report reveals large-scale installments got to 1,749 MW, up by 43% from the fourth quarter of 2020, and roof solar ability
May 26, 2021 // Markets & Finance News, India, Asia
Hitachi ABB Power Grids India wins Rs 120-crore order
ABB Power Grids India has actually gotten a Rs120-crore transformer supply order from the Government of India's electric engine producer Chittaranjan
Jul 10, 2020 // Markets & Finance News, India, Asia, Hitachi ABB Power Grids India, N. Venu
Germany Pledges EUR10 billion assistance for India to accomplish 500GW RE by 2030
to which Germany has vowed EUR10 billion ($ 10.52 billion) support to India up until 2030 to assist the country satisfy its target of raising its
May 4, 2022 // Markets & Finance News, Germany, Europe, narendra modi, Olaf Scholz, India-Germany Inter-Governmental Consultations, Indo
India solar module prices up 38% given that mid-2020 as demand outstrips supply
that mid-2020.
The consultancy said that around the world and also in India the cost of mono PERC modules between August 2020 and also November 2021 leapt
Apr 22, 2022 // Manufacturing News, Markets & Finance News, India, Asia, prices, covid-19, JMK Research, supply chain, module prices, BCD
Talesun Solar signs 250MW solar module supply deal in India
solar power company Talesun Solar has authorized a contract with Indian firm Clean Solar energy (Bhainsada) Private to provide 250MW worth of solar
Jan 31, 2022 // Markets & Finance News, India, Asia, solar module, Talesun Solar
Gensol Wins Contracts for 300 MW Solar Parks in India
to construct two solar parks totaling 300 MW in Rajasthan and Maharashtra, India. The contracts are valued at INR 3.37 billion and include design, engineering,
Feb 29, 2024 // Plants, India, Asia, PV Power Plant, Gensol
Vegas-based Barrel Energy Indications MoU for Lithium Battery Manufacturing in India
get in a collaboration with Roshan Energy Technologies, located in Hyderabad, India, for Lithium Battery growth and production in India and also The United
Feb 12, 2021 // Storage, India, Asia, lithium battery, EVs, Barrel Energy, Battery Manufacturing, Roshan Energy Technologies
Sunrise CSP & EIL Join Forces to Power India's Net-Zero Future
Sunrise CSP and Engineers India Ltd have signed an MoU to collaborate on projects in India's oil and gas sector, as well as for domestic clients
Aug 29, 2023 // Plants, Markets & Finance News, solar thermal, Engineers India Ltd, Sunrise CSP
Blueleaf secures financing for 200-MW wind-solar project in India
financing for a 200-MW wind and solar hybrid power project in Madhya Pradesh, India. Axis Bank will provide around USD 170 million for the project, named Pachora
Aug 8, 2024 // Plants, Large-Scale, Commercial, India, Asia, PV Power Plant, Blueleaf Energy
Ciel & Terre Installs India's Largest Floating Solar Plant in Tamil Nadu
& Terre India, a subsidiary of Ciel & Terre International, a global leader in floating solar, has actually successfully finished the plant design,
May 19, 2021 // Plants, Large-Scale, Commercial, Floating PV, India, Asia, Floating solar, Ciel & Terre, SPIC, PV Power Plant, Ciel & Terre Floating Solar
India approves multi-billion-dollar financing to support residential solar as well as battery manufacturing
of in a production-linked incentive (PLI) plan that has been green-lighted by India's closet in a transfer to help make residential manufacturers internationally
Nov 13, 2020 // Markets & Finance News, Storage, India, Asia, tariff, solar modules, Rahul Walawalkar, Hitesh Doshi, high efficiency modules
India readied to deploy more than 4.5 GW of solar in second half of 2021
pandemic, the study as well as working as a consultant firm estimates that India will include 2,130 MW as well as 2,450 MW of solar PV ability in Q3 and Q4,
Aug 26, 2021 // Plants, Markets & Finance News, Policy, India, auctions, Asia, tenders
Covid reduces India's utility-scale solar addition by 67% in first quarter
India added 989 MW of solar energy generation ability in the first quarter, taking total mounted ability to 38,894 MW by March 31. Of the brand-new enhancement, 70% was utility-scale solar (689 MW) as well as 30% roof solar (300 MW), according to tidy power working as a consultant Bridge To India's Q1 2020 India Solar Compass report.
The total set up capability of 38,894 MW consists of 32,176 MW utility range, 5,740 MW rooftop solar and 978 MW off-grid solar.
As on March 31, 28,972 MW of tasks were in pipe, under numerous phases of development.
Covid hurts installment
Project building was influenced badly as Covid-19 hit devices supply chains and also labor force schedule.
Utility-scale addition at 689 MW was 67% down from the 1,864 MW estimate. The capability-- making up 19 tasks-- was split in between state federal government tenders (415 MW, 60%), central government tenders (257 MW, 37%), as well as others (18 MW, 3%).
Roof solar was additionally hit severely with only 300 MW of ability enhancement in the busiest quarter of the year, according to the record.
" Impacts of the pandemic were felt starting late January adhered to by the Chinese brand-new year holiday and subsequent lockdown in India. The federal government enforced total lockdown in business and also service activity beginning March 25"-- the record mentioned.
" Despite the implementation downturn, tender issuance boomed in Q1 as SECI [Solar Energy Corporation of India] alone issued 9,414 MW of tenders. Total tender issuance and public auctions throughout the quarter stood at 14,293 MW and 8,241 MW respectively"-- it included.
Outlook
Also as job construction was allowed from April 20, commissioning development is most likely to decrease considerably because of equipment as well as labour accessibility restraints.
The Bridge To India report expects India to include only 500 MW utility-scale solar in the 2nd quarter and 1,184 MW in the third quarter.
Rooftop solar market might take longer to recover as consumers prioritise core company procedures and preserve cash in view of the financial unpredictability, triggering the consultancy to modify rooftop solar capability enhancement quote for the second and third quarter to 360 MW.
Jun 3, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, India, utility-scale PV, Asia, covid-19
India picks developer for 70MWac/105MWp floating solar plant
India has now chosen a developer for one of the largest floating PV projects ever seen in the country, with plans to take the plant to the finish line within two years.
On Thursday, Tata Power Solar announced it has received a letter of award to develop a floating project in the state of Kerala that will boast 70MWac, or 105MWp.
According to Tata, the installation will sit on the Kayamkulam reservoir in the Alappuzha district, a subdivision of the southwestern Indian state of Kerala.
The floating project will be rolled out by a fossil fuel installation – the Rajiv Gandhi combined cycle power plant – managed by NTPC, India’s largest utility.
The 70MWac/105MWp solar project must now reach the commission stage “no later” than in 21 months, Tata explained in a statement.
Tata Power Solar CEO Ashish Khanna described the floating contract as a milestone, adding that the new scheme bolsters the firm’s commitment to delivering “complicated projects”.
“Floating solar has immense potential in our country and we will ensure that this project will act as a benchmark,” said Khanna, who is also president of Tata’s broader renewables division.
The world's cheapest floating solar market
The 70MWac/105MWp floating venture is the latest of a series for NTPC, which this year alone has issued tenders for projects in Telangana (100MW) and Himachal Pradesh (15MW).
In India, the utility giant is not alone in its floating solar ambitions. State-run solar corporation SECI is eyeing a 10GW pipeline over three years and tendered a 250MW batch in Tamil Nadu in March.
Further floating projects have become operational or lie at various development stages in Andhra Pradesh, Himachal Pradesh, Jharkand, Kerala, Rajasthan, among other territories.
At US$0.83/MW to US$0.92/MW, India was singled out by the World Bank last year as the world's cheapest floating PV market, while Japan was priciest at US$3.12 per megawatt.
The global sector counted 1.1GW in installed capacity as of last November, and has since witnessed the advent of new projects in Asia but also Europe, America and the Middle East.
Countries making moves so far in 2019 include Singapore (50MW), Thailand (45MW), South Korea (25MW), Malawi (20MW) Portugal (4MW), the Seychelles (3.5-4MW) and Brazil (2.5MW).
The accelerating roll-out is fueling industry debate and research into the merits of various floating designs, with the frontrunners competing for attention at this year’s Intersolar.
Sep 27, 2019 // Floating PV, India, NTPC, floating PV, Asia, world bank, kerala, tata power solar, Ashish Khanna
Vikram Solar gets nod for USD-188m IPO in India
purchase, filed in March, were approved by the Securities Exchange Board of India (SEBI), the capital markets regulatory authority said in a monitoring
Aug 18, 2022 // Markets & Finance News, India, Asia, Vikram Solar