Just weeks after the Indian government exempted import solar modules from custom duties, the impact of the decision was seen in the substantial fall in tariff bids.
India is looking at ways to support domestic manufacturers of solar cells and modules as it aggressively increases installed capacity.
Invenergy has signed a power purchase agreement with Georgia Power for electricity generated by the 160 MWac Camilla Solar project which is currently being developed.
India’s largest solar cells and modules manufacturer, Mundra Solar PV, has announced plans to aggressively increase its production capacity over the next few years.
Despite its recent acquisition of embattled solar manufacturer SolarWorld Americas, SunPower this week reported mixed results in its first quarter financial results, succeeding in narrowing its net loss and beating earnings expectations, but could not promise much in the way of strong guidance.
Shanghai-based solar manufacturer JA Solar reported long-delayed Fourth Quarter and Fiscal Year 2017 Results late last month, reporting record shipments of 7,143.1 megawatts (MW) for the full year, an increase of over 55% while revenue increased by over 25%.
Leading US solar manufacturer First Solar published its first-quarter earnings report late last month, depicting a strong start to the year with increased sales of $567 million and the commencement of Series 6 module production in April which, in turn, led to the company’s announcement of a new solar manufacturing plant in Perrysburg, Ohio.
Leading data and analytics company GlobalData has published new analysis this week which predicts that the global solar PV inverters market will decline from $6.3 billion in 2017 to $3.7 billion in 2022, attributed primarily to the fall in inverter prices rather than a drop in installation figures.
Gujarat Urja Vikas Nigam Limited, or GUVNL, has announced that it scrapped the latest 500 megawatt auction for solar power projects and shall re-tender the capacity soon. The reason cited for the decision is higher-than-expected bids.
Uncertainty over various duties has led to a jump in solar power tariff bids in India’s latest auctions.