Deal to supply PV power at tariffs of around US$38/MWh for 25 years will see firm deploy colossal fleet by 2025, together with 2GW worth of solar factories by 2022.
Country's largest PV auction to date targets smaller projects and locally-owned developers to ensure procurement drives ‘immediate’ boost to post-COVID economy.
Projects can stay money-making for cost-savvy developers and investors but tariffs below INR 2.5/kWh (3.47 US dollar cents per kWh) are ‘unviable’, say IEEFA experts.
Government asks states to set aside land for new factories in busy week for Indian renewables, featuring the results of 2GW solar auction and the granting of new deadline extensions.
Oil and gas major Shell is to ramp up its renewable energies division in order to decarbonise its operations and strive towards a net-zero-by-2050 target.
The sourcing of PV cells and modules from authorised providers was due to become mandatory for certain projects in April but the country is granting a six-month extension to help with COVID-19.
This month’s episode of the Solar Media Podcast is now available to listen to, featuring stories of how the clean energy economy is responding to the COVID-19 crisis and analysis of how it might change the industry.
