France-based floating solar specialist Ciel & Terre has launched a new subsidiary in the Indian city of Bangalore, a new manufacturing line in Maharashtra, and is set to deliver floats to its first 5MW project in West Bengal.
As an investor from a matured solar market in the West looking at India, Jonathan Selwyn, chairman of the UK retail investor-backed Downing Indian Solar EIS, discusses the experience of investing in Indian solar.
Lightsource BP has completed its first utility-scale solar farm in India after bringing online a 60MW project in Maharashtra, having won the contract through a competitive 450MW tender process completed in September 2016.
Maharashtra’s latest 1GW auction has attracted winning bids of between INR 2.71-2.72/kWh (US$.0.04), staying almost flat with India’s most recent PV auction in Andhra Pradesh.
India-based renewable energy company Suzlon Group has commissioned 340MW of solar projects across Telangana (210MW), Rajasthan (60MW DCR category) and Maharashtra (70MW).
JSW Energy, and its subsidiary JSW Solar, are carrying out engineering works on a 4MW pilot floating solar project, with a view to setting up 250MW of similar projects in the future. Discom Mahagenco is also targeting 250MW of floating PV developments.
Indian energy giant Tata Power, via its wholly owned subsidiary Tata Power Renewable Energy (TPREL) has commissioned a 30MW solar project in Palaswade in the state of Maharashtra.
