Solar power plants in India had a combined output of 25.9 billion kWh in the fiscal year through March 2018, marking a 92% year-on-year jump, according to the Central Electricity Authority.
While investors have been encouraged by India’s large ground-mounted, grid-connected solar parks, the rooftop solar segment had hit its stride in the last financial year. For India’s solar power targets to be met, the rooftop part of the story will have to take off. However, there are concerns as India is not expected to achieve even half of the rooftop solar targets by 2022. Against the ambitious target of 10,000 Megawatt for March 31, 2018, the country’s cumulative installed capacity of rooftop solar stood at 982 MW as of December 2017. Notably, the government has also downscaled its targets for FY18 to only 1,000 MW of capacity, lower from the original target of 5,000 MW till as recently as December 18, 2017. A closer look at the figures further reveals that the government has achieved just around 9 per cent of the target, pointing to the out of kilter things in India’s rooftop solar programme.
The European Bank for Reconstruction and Development approves $31.6m loan to Desert Solar Power One to fund construction of 30MW solar plant in Mongolia.
The financing will support the construction and operation of the Bank’s first solar project in Mongolia. The EBRD was the original seed investor in the first ever renewable energy project in the country, the Salkhit wind farm, and financed a total of three wind farms, thus contributing to the creation of a renewable energy market in the country.
Terna, the Italian electricity transmission network operator, and RTR, an independent leader in photovoltaics in Italy, have announced the signing of a multi-year agreement to extend the partnership already in place between the two companies, which focuses primarily on O&M activities.