While there is no shortage of leading indicators in the PV industry that can be used to predict future trends in manufacturing and across the various companies involved in this space, one of the most pertinent ones relates to capital expenditure (or capex).
Indian firms Adani and Azure Power have won 50MW solar capacity each in the state of Andhra Pradesh, in an auction with local content rules, according to consultancy firm Mercom Capital Group.
Indian conglomerate Adani has released more details of its planned 1GW of solar investments in Australia over the next five years, while the Queensland Supreme Court has dismissed appeals against granting mining licenses for Adani’s planned $16.5 billion Carmichael coal project.
Indian conglomerate Adani is considering setting up large-scale solar PV projects in Bangladesh as the firm’s renewable energy vision continues to expand outside of India.
The regulator in the Indian state of Tamil Nadu has rejected Indian conglomerate Adani’s call for a revaluation of the tariffs it is set to receive for developing the world’s largest solar plant, Adani sources have told Mercom Capital Group.
Adani Group, currently the largest solar developer in India, plans to start constructing two solar PV plants with 100-200MW capacities in Australia next year, according to a Bombay Stock Exchange filing.
Indian corporates are taking a significant share of the domestic solar PV market with Indian conglomerate Adani taking top spot in terms of capacity additions in the last year, according to consultancy firm Bridge to India.
