India will open a 25 GW bid for solar energy

The Indian government plans to open a single tender for 25 GWsolar capacity with a storage component in Ladakh, the highest solar potential area in India (potential of around 35 GW).

India has set a target of 175 GW of renewables by 2022 and is 59 GW away from achieving it. Currently, 16 GW of renewable energy sources capacities are in development, and 28 GW were already awarded. The new bids have also component requirements in order to attract manufacturing company and incite the manufacturing industry.

Read more energy news

German solar PV subsidies will drop by 1% per month in Q3 2018

The German Federal Network Agency (Bundesnetzagentur or BNetzA) will cut subsidies for solar PV projects commissioned between 1 August 2018 and 31 October 2018 by 1% per month. The BNetzA estimates that the newly solar PV added capacity (2,727 MW) is above the planned capacity expansion path of 2,500 MW. For this purpose, a slight regulation of the subsidies will be implemented and the funding rates will be adjusted to avoid overcapacity.

Germany is shifting from a subsidy-based system to an auction-based one. Since the beginning of 2017, solar and wind power projects over 750 kW have to compete in tenders in order to secure power purchase deals, as feed-in tariff (FiT) contracts are no longer available. However, projects that were approved in 2016 are still eligible.

Read more energy news