Solar PV – Resolve

Gujarat Solar – Central Government steps in to salvage 700 MW auction

According to Bloomberg, ” Gujarat Urja Vikas Nigam Ltd., the parent body for electricity development in Gujarat, had awarded the contracts to firms, including ReNew Power, Tata Power Co. and state-run SJVN Ltd. for building solar capacity at tariffs of as much as 2.81 rupees (4 cents) a kilowatt hour. The state’s attempt to override an existing […]

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India – Renewable energy installation at a five-year low in 2020

Renewable Energy - General, Solar, Solar PV, Wind / RESolve

According to Bridge to India, solar capacity in India dropped from 5,013 MW in 2019 to 2620 MW whereas for Wind, the capacity dropped from 1,879 MW in 2019 to 1,309MW in 2020. The rooftop solar capacity addition in 2020 was 979MW which was 36% below installations in 2019. The reasons for the drop in

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India’s “Solar-Powered revolution” – IEA Report 2021

Energy Storage, Global, Renewable Energy - General, Solar, Solar PV / RESolve

Solar will match coal power generation by 2040. That is the main projection of the “India Energy Outlook 2021” by International Energy Agency(IEA). Other highlights include India could experience “the largest increase in energy demand of any country worldwide” within the next 20 years Currently coal accounts for over 70% of overall generation but only

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Can Aatmanirbhar Bharat Abhiyaan help India’s solar manufacturing sector? – ORF

Manufacturing, Policy, Solar PV / RESolve

Prime Minister Narendra Modi’s aggressive push for ‘Make in India’ to bolster domestic manufacturing and make its economy ‘self-reliant’ in the post-pandemic era is a welcome opportunity for India’s solar energy sector. Supply disruptions from China due to coronavirus outbreak and subsequent shortage of solar components and modules have impacted India’s ambitious energy target of

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It’s Always Sunny in India’s Renewable Power Market – Bloomberg

Energy Storage, Solar, Solar PV, Wind / RESolve

Creative financial and technical engineering may make it possible have round-the-clock solar and wind power. India is the world’s biggest market for renewable energy auctions, in which wind and solar project developers compete to offer the lowest possible prices for zero-carbon power. Last month, the country added a twist: a call for “round-the-clock” renewable power.

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Covid-19 delayed 63% of India’s planned big solar in first quarter

Solar, Solar PV / RESolve

Coronavirus-related disruption severely impacted solar installation during the first three months of the year, as the nation added only 689 MW of utility scale PV, against the 1,864 MW that was scheduled to be commissioned. Read more here.

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Time to open up coal sector long gone – Opinion

Renewable Energy - General, Solar, Solar PV, Wind / RESolve

Years ago, there used to be two arguments weighing against the use of renewable power. One, it was expensive. The lowest offer in the country’s first solar auctions, in 2011, was ₹7.95 — described then as a “sub-8 surprise”. The story since then is too well known to merit recounting here. Suffice to say, that wind

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Low Tariff not a deterrent for investments in Indian Solar – Report

Finance, Solar, Solar PV / RESolve

A detailed report published today by Institute of Energy Economics and Financial Analysis finds that Indian solar developers have reduced their return expectations from 14% to 12% and that the solar tariffs have stabilised at about 20-30% less than the cost of existing thermal power in India. The report can be accessed here.

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NTPC 2 GW tender – SoftBank and ACME win 600 MW each

Solar, Solar PV / RESolve

In the bidding that concluded today, 4 developers won and shared 2000 MW of projects between them under the NTPC (Interstate Transmission System (ISTS)-connected solar category) tender. While ACME, Shapoorji Pallonji and Azure quoted the lowest tariff of Rs. 2.69/kWh, while SoftBank quoted Rs. 2.70/kWh. The details are as follows Bidder Bid(MW) Won(MW) Tariff 1

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Solar crosses 20 GW; Contributes to more than 75% of all new renewable energy installations in 2017-18

MNRE, Renewable Energy - General, Solar, Solar PV, Solar Thermal, Statistics, Wind / RESolve

As per the data published by MNRE, Solar installations in the country crossed 20 GW. The total grid connected solar installations stood at 20.6 GW whereas the rooftop capacity crossed the 1 GW mark and stood at 1.063 GW as of 31 March 2018. Almost 10 GW of solar capacity was added during 2017-18, which

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