Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in January 2017


Important Headlines and Data Points from the Indian Renewable Sector in January 2017

Solar Energy Corporation of India (SECI) released the list of successful developers for the 500 MW rooftop auction conducted by the implementing agency. (read more)

In its recently released quarterly update Mercom forecasted 9 GW of solar installations for calendar year 2017. (read more)

Solar energy now accounts for almost 1 percent of total power generated in India and 13 percent of the total renewable power generated in the country. (read more)

Declining module prices come just in time for developers in India. (read more)

Hindustan Salts Limited, a Government of India-owned company, is tapping in developers to build a 100 MW wind project in Gujarat under a revenue sharing model. (read more)

Through funds received from IFC, Hero Future Energies, the renewable energy arm of Hero Group, will develop 1 GW of solar and wind projects in the next 12 months across India. (read more)

The Green Energy Transmission Corridor progress update. (read more)

Tata Power is the largest solar developer in India in terms of commissioned solar projects and ReNew Power is the largest solar developer in terms of under-development projects. (read more)

ABB, a power and automation technology group, will construct 1,830 km long ultra-high-voltage direct current (UHVDC) between Chhattisgarh and Tamil Nadu for Power Grid Corporation of India (PGCIL). (read more)

The top eight inverter manufacturers accounted for 96 percent of solar inverter market in India. (read more)

Tata Power is the largest rooftop installer in India. (read more)

Out of 29 states and seven union territories, 25 have fallen behind their RPO targets. (read more)

Asian Development Bank’s $390 million (~Rs.26.2 billion) financing package for ReNew Power to develop 398 MW of solar and 311 MW of wind projects. (read more)

The Global Solar Atlas, a free, web-based tool to help investors and policymakers identify potential sites for solar power generation virtually anywhere in the world, was launched by World Bank in partnership with International Solar Alliance. (read more)

Funding, and merger and acquisition deals amounting to $1.1 billion (~Rs.74 billion) were announced in the Indian solar sector in last quarter of 2016. (read more)

Solar lending rates witnessing a decline in India in the last quarter of 2016. (read more)

Solar’s share in India’s electricity mix is increasing, the sector accounted for 8.4 billion units of electricity from April to November in 2016. (read more)

Export and import activity totaling $1.22 billion (~Rs.83.22 billion) was registered in the Indian solar sector in the seven months from April to October in financial year (FY) 2016-17. (read more)

In January 2017, 931 MW of solar was tendered in India, compared to 1,776 MW in December 2016. January witnessed five times more capacity auctioned, compared to December when 100 MW of solar was auctioned. (read more)