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Week In India: India To Reach 175GW In RE, Achieves Lowest-Cost Producer Tag In Solar

India to reach RE Target Of 175 GW by 2022

 

Power and New and Renewable Energy Minister Raj Kumar Singh has exuded confidence that the renewable energy target of 175 gigawatt (GW) by 2022 would be achieved.Singh, who took charge of the ministries in the second term of Modi government, said 80GW of renewable energy has been established while another 24GW is under installation. Speaking about his priorities, he said the top priority will remain to achieve the targets set by the government.

 

India Achieves The Lowest Cost Producer Tag of Solar Power Globally

 

India is now the lowest-cost producer of solar power globally, according to a report by the International Renewable Energy Agency (IRENA).

According to experts, India’s status of lowest-cost producer of solar power has multiple reasons. India has high solar potential that leads to improved asset utilization and the country imports majority of hardware for installation from China which is cheaper and helps cut the cost by a huge margin. Also, the cost of land and labor is cheaper than the rest of the world, it also contributes to low-cost production of solar power in India.

 

India Sees A Drop In Solar Energy Installations By 49% In Q1

 

As per some reports, solar energy installation dropped 49% to 1,737 MW in Q1 of this calendar year. It was 3,377 Mw in the same period a year ago. The reasons include the general election, no auctions and lack of finance availability.

 

Similarly, rooftop installation saw a slow down and dropped 33 per cent over a year, after four quarters of solid growth.

 

Indian RailwaysTo Installs 1000 MW Solar Capacity

Piyush Goyal-chaired Ministry of Railways takes up the lead to build the green-environment in Indian Railways with the use of renewable energy. Not only making the use of installation of bio-toilets but also the electrification of railway tracks, could be a way to engage the people with more environment-friendly network.

Indian Railways is, acting on the installation of solar panels over the rooftops of the railway stations and other service buildings to provide better energy systems. Indian Railways thus, plans to step ahead with the installation of 1000 MegaWatt (MW) solar power by the year 2020-2021, to make even the national transporter, use the renewable energy.

BREDA Announces 250 MW Ground Mounted Solar EPC Contract

 

The Bihar Renewable Energy Development Agency (BREDA) has issued a tender for 250 MW grid connected ground mounted solar power capacity to be set up in the Indian state of Bihar. The minimum capacity to be quoted by interested EPC companies in the tender is 25 MW.

Prospective developers need to have worked on a minimum of 10 MW of operational capacity or more. Eligibility criteria for interested bidders specifies that among others local manufacturers of solar PV cells, modules or battery, PV system integrator, can also bid for this capacity.

 

Ministry Seeks Removal Of Priority Lending Limit For Renewable Energy   

 

The Ministry of New and Renewable Energy (MNRE) has decided to request the Reserve Bank of India to categorise renewable energy into a separate segment from power, and remove priority sector lending limit for the sector to ensure higher financing.

 

The development is expected to help developers get access to easy finance. Power Minister R K Singh also pointed out that the tariffs discovered for several renewable energy projects in recent auctions are not unviable. He added that the maintenance cost of those projects is low and the efficiency is improving.

 

BHEL Bags 135 MW Solar EPC Projects

 

State-owned Bharat Heavy Electricals Limited (BHEL) has won three major engineering, procurement and construction (EPC) orders for solar PV power plants totaling to 135 MW, in the states of Maharashtra and Gujarat.

 

Cumulatively valued at Rs 520 crore, the orders have been secured from Maharashtra State Power Generation Company Ltd (MAHAGENCO), Gujarat State Electricity Corporation Ltd (GSECL) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC). Currently, BHEL has a portfolio of more than 850 MW of solar PV plants, of which nearly 500 MW has already been commissioned.

 

NTPC Ltd Tenders 1 GW Of Solar Power Purchase

 

India’s largest power generation company and government-owned NTPC Limited has issued a tender inviting consumers to purchase solar power. This is a first-of-its-kind tender as to date only consumers (or agencies representing consumers) have issued tenders inviting developers to set up projects. NTPC is reported to have around 1.8 gigawatts of renewable energy capacity operational in India.

NTPC has itself issued several tenders inviting developers to set up large-scale projects at solar power parks. Like its thermal power plants, NTPC looks for distribution utilities that are willing to buy solar power from these solar parks. Power is then sold at the tariff quoted by project developers to the distribution utilities, with NTPC playing little to no part in the transactions.

Revision In PPAs To Adverse Impact Investor Sentiments

 

Government of India Secretary (New and Renewable Energy) Anand Kumar has purportedly written a letter to Chief Secretary L.V. Subrahmanyam, suggesting to him to apprise Chief Minister Y.S. Jagan Mohan Reddy of the fact that revisiting the Power Purchase Agreements (PPAs) in the solar and wind energy sector would shake the confidence of investors and adversely affect the future bids and investments in the State and in the country.

 

The letter referred to media reports that the State government is contemplating revisiting the PPAs, wherein the tariffs were either fixed by the State Electricity Regulatory Commissions (SECRs) in line with the Central Electricity Regulatory Commission guidelines or are arrived through open competitive bidding. In both cases, the SERCs conduct public hearings before adopting the tariffs.

 

INR 2.54 Solar Tariffs In Recent 1200MW Auctions

 

Solar tariffs in India rose 4% from a record low in the federal auction, in which five companies won rights to build and operate 1.2 gigawatts of projects.The price arrived at the auction was higher than the record low of ₹2.44 a kilowatt-hour. A tariff ceiling of ₹2.65 a kilowatt-hour was set for auction.

Ayana Renewable Power Pvt., ReNew Power Ltd. and Azure Power Global Ltd. won 300 megawatts each, while Mahindra Susten Pvt. scooped up 250 megawatts quoting ₹2.54 a kilowatt-hour, according to state-owned Solar Energy Corp. of India, which conducted the auction. Avaada Energy Pvt. won 50 megawatts at ₹2.55 a kilowatt-hour.

 

India To See A Boost In Solar Photovoltaic Jobs: IRENA

India saw expand in solar photovoltaic employment in 2018, while China, the US, Japan and the European Union lost jobs, the International RenewableEnergy Agency (IRENA).As more and more countries manufacture, trade and install renewable energy technologies, IRENA's latest 'Renewable Energy and Jobs -- Annual Review' finds renewables jobs grew to their highest level despite slower growth in key renewable energy markets, including China.

In total, 11 million people were employed in renewable energy worldwide in 2018, up from 10.3 million in 2017.The sector employs 2.1 million people directly, three quarters of whom are in operations and maintenance.

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