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Indian Insurers Launch Products For Solar Power Sector
With the rapid boom in the solar power market in India, increasing competition, and collapsing tariff bids, Indian insurance companies have launched products to protect lenders as well as developers. HDFC ERGO General Insurance Company has launched a solar energy…
New Low For India Wind Energy Tariff In 500 Megawatt Auction
The latest onshore wind energy auction in India has yielded the lowest-ever tariffs quoted by project developers. The wind energy auction organized by the state government of Gujarat its power distribution company revealed a tariff of Rs 2.43/kWh (¢3.8/kWh) as…
Trina Solar Suspends Plans For 1 Gigawatt Solar Fab In India
The world’s largest solar module manufacturer has suspended plans set up a fabrication facility in one of the fastest growing markets – India. The head of sales for Trina Solar in India recently confirmed that the company has shelved plans…
Indian State Of Karnataka Announces 860 Megawatt Solar Tender
India’s fifth largest state in terms of operational solar power capacity has recently launched a huge tender to further expand its solar power infrastructure and meet the renewable purchase obligation. Karnataka Renewable Energy Development Limited, a state government agency, recently…
India Plans 5 Gigawatt Offshore Wind Auction In 2018
After delay of several years, India may eventually auction and allocate its first-ever offshore wind energy projects next year. The Minister for New & Renewable Energy, RK Singh, recently told media outlets that at least 5 gigawatts of offshore wind…
India Auctions 750 Megawatts Of Solar At 3.9¢/kWh
India auctioned off 750 megawatts of utility-scale solar power capacity over the last few days to wrap up a highly eventful 2017 that saw new records being created in terms of tariffs. The famous Bhadla solar power park in the…
World’s Largest Solar-Wind-Storage Plant Planned for India
A wind, solar and battery storage plant is being planned for the southeastern Indian state of Andhra Pradesh, which has faced power woes in recent months due to grid failure. The renewable energy facility will consist of 120 megawatts of…