The shift in policy next door is expected to cause a glut in global supplies and thus a fall in prices. With India’s high capital cost and corporate taxes, locally made supplies can’t compete.

India’s efforts to build out solar power equipment manufacturing capacity may be set back as China’s recent policy shift is expected to trigger a global equipment supply glut and price crash.

Read more: China’s new solar policy may delay India’s...

JinkoSolar Holding Co., Ltd., a global leader in the solar PV industry, today announced that it has supplied 275.4 MWdc of high efficiency modules to Green Light Contractors Pty Ltd for use in the Bungala Solar Farm near Port Augusta, South Australia, which is owned by a joint venture between Enel Green Power and Dutch Infrastructure Fund.

Read more: JinkoSolar Supplies 275.4 MWdc of Solar Modules...

The Gujarat government on Saturday launched a solar power scheme for farmers- Suryashakti Kisan Yojana enabling them to generate electricity for their captive consumption as well as sell the surplus power to the grid and earn an extra buck.

Announcing the pilot project of the scheme in Gandhinagar, chief minister Vijay Rupani termed it a revolutionary step towards empowering farmers to generate their own electricity using solar energy and help doubling their income.

Read more: Gujarat launches SKY Scheme for farmers to...

To boost solar and wind power generation in the state, the Gujarat government has announced a new Wind-Solar Hybrid Power Policy. Energy minister Saurabh Patel and minister of state for energy Pradeepsinh Jadeja told the media that the policy is meant to promote the production of wind and solar power simultaneously. Under the policy, developers can set up wind power unit on the land meant for a solar power unit, or vice versa. The policy allows the establishment of wind-solar hybrid power producing units. The objective of the new policy is the optimum utilization of land and grid land for clean energy.

Read more: Gujarat govt announces hybrid power policy

Madrid-based developer of large-scale solar power plants, Fotowatio Renewable Ventures, is in talks to sell its 100-MW power project in India in a deal worth Rs 500-600 crore, according to two people aware of the development.

FRV is talking with various investors such as Macquarie Infrastructure and Real Assets, green infra JV between PE fund Everstone Group & UK-based Lightsource BP’s Eversource Capital and Edelweiss Infrastructure Yield Plus Fund, said one of the persons cited above. 

Read more: Solar power firm FRV in talks with funds to sell...

The first quarter (Q1) of 2018 (January-March) was the best on record for solar power installations in India, with 3269 MW being installed in the country, a 34% increase compared to Q4 of 2017. Installations were also up on a year-on-year basis — 2,991 MW was installed in Q1 of 2017. The quarter also marked another feat—this was the first time when over 3 GW (One GW equals 1000 MW) of capacity was installed in the Indian solar market. This was the fifth quarter in a row where at least 2 GW of solar power generation capacity was installed, data compiled by Mercom Communications India, a subsidiary of Mercom Capital Group, said.

Read more: Solar power installations see record surge in Q1...

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