March 27, 2018 Read More →

Solar Shifting From Competitive Bids to Tenders

Observer Research Foundation:

Solar installations in India are expected to fall by 22 percent to around 7.5 GW in the 2018, Mercom Communications India, a subsidiary of Mercom Capital Group has said. Mercom forecasts total installations to fall by 22 percent year-on-year to approximately 7.5 GW in 2018, it said in a report. Large-scale solar projects accounted for the bulk of installations in 2017, nabbing about 90 percent of the total, with the remaining 10 percent coming from rooftop solar installations, Mercom found. Approximately 10.6 GW of large-scale solar projects were under construction, with another 4.3 GW of tenders pending auction as of December 31, 2017.

New research by US based Institute for Energy Economics and Financial Analysis showed how nine major global power markets, including India’s Tamil Nadu, have achieved an outsize share of wind and solar generation while assuring the security of supply. They are providing compelling examples of the fast-moving evolution of electricity generation.

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