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India is a very fitting choice for solar power

India is a fast growing economy, but power scarcity and diminishing sources of coal and other domestic gases is taking over the country. The rapidly emerging manufacturing sector and increasing energy demand at the domestic front have turned India’s attention towards sustainable energy forms like never before. The country’s economic growth, its rapid urbanisation, and the gradual increase in its per capita consumption are all expected to sizeably increase India’s overall demand for electricity. Indian government has announced that it will achieve the 100 gigawatts (GW) solar power target by 2022. With 8.1 GW, India’s installed solar capacity has experienced an 80% growth since September 2015 (ETEnergyworld 2016).
Conversion of radiations from the sun into electrical energy mostly using photovoltaic cells results in solar power. Geographically, India is a very fitting choice for solar power generation. It is a tropical country and much of it is conveniently located near the equator. It has ideal conditions for harnessing solar power, receiving as it does almost 300 days of sunshine a year (this approximates to about 5,000 trillion kilowatt of power).
Go solar today.

ADLER Solar is a leading solar company dealing in solar products and providing complete solar energy solutions. You’ve come to the right place – give us a call!

Mob: +91 9971170911 ,+91 9910733911
Email : info@adlergroup.in

Web :  http://www.adlergroup.in

solar-power-Gurgaon

Solar power projects in India

 

India may be a bright spot for global solar markets this year as it adds capacity at a record pace, becoming one of the top regions for panel producers struggling with rock-bottom prices.

 

India is expected to add nearly twice as much new solar as last year, outpacing once-booming Japan, according to forecasts by Bloomberg New Energy Finance. China, the world’s largest renewables market, will see solar growth dip by about a fifth after peaking in 2016, London-based BNEF predicts.

 

Bolstered by Prime Minister Narendra Modi’s ambitious clean-energy goals, India’s rising appetite for solar power spells good news for Chinese solar cell and module manufacturers including Trina Solar Ltd. and Hanwha Q Cells Co. It comes after the global spot market price for solar panels fell to a record low amid slowing demand elsewhere.

 

India pipped Japan to become the top importer of solar cells and modules from China for three out of 10 months last year and the trend will continue in 2017, according to Xiaoting Wang, a Hong Kong-based solar analyst at BNEF.

 

“India will account for 10 to 13 percent of global new build in the next couple of years, and its market fluctuation will have an important impact on the short-term supply-demand relationship and therefore the pricing environment,” Wang said.

 

India and Latin America are among key growth markets for solar panels, Trina Solar Chief Executive Officer Gao Jifan said in an interview this week at the World Economic Forum in Davos, Switzerland.

 

The world’s second-most populous nation is likely to add about 8.9 gigawatts of new solar in 2017, nearly twice the 4.5 gigawatts last year, according to BNEF’s most conservative estimate. Japan’s new solar capacity may drop to about 6 gigawatts from 8.9 gigawatts in 2016, while China is estimated to fall to about 21.6 gigawatts from about 26.5 gigawatts last year.

 

To be sure, India’s solar capacity is still small compared with China, the world’s largest solar market, and Japan. The South Asian nation has nearly nine gigawatts of solar installations, just a third of Japan’s 30.2 gigawatts and a little over a tenth of China’s estimated 80 gigawatts at the end of 2016.

 

While India races against time to meet Modi’s goal of installing 100 gigawatts of capacity by 2022, China scaled back its target by 27 percent to 105 gigawatts by 2020 under its 13th five-year plan amid stagnating electricity demand and a slowing economy.

 

The five-year plan marks the beginning of a new era of reduced investment in renewables, BNEF said in its China Outlook for the second half of 2016, adding that it expects 2016 to be the near-term peak for new installed solar capacity in the world’s second-largest economy.

 

According to BNEF Chairman Michael Liebreich, one of the “less welcome” developments of 2016 was that wind and solar investment fell from their peaks in both China and Japan.

 

“This came as a major jolt to the sector, after many years of seemingly inexorable growth,” Liebreich said in his yearly review for 2016.

 

Japan’s solar installations for 2016 are estimated at 8.6 gigawatts to 9.2 gigawatts, lower than in 2015, according to BNEF’s forecast. The drop comes as the country scales back generous incentive tariffs.

 

China and Japan are now planning to adopt auctions. While India has conducted auctions since 2010 to build solar projects, Japan has promised to introduce the mechanism this year in a bid to lower the subsidies developers receive.

 

Japan’s new solar installs peaked in 2015 when the country added 11.5 gigawatts of capacity, according to BNEF data.

 

China, which has built most of its solar capacity under feed-in-tariffs, or government-set prices, is reducing these preferential tariffs and encouraging auctions to lower solar prices.
Source: http://www.business-standard.com/article/economy-policy/india-as-solar-bright-spot-helps-fill-slowdown-117012000061_1.html

ADLER Solar is a leading solar company dealing in solar products and providing complete solar energy solutions. You’ve come to the right place – give us a call!

Mob: +91 9971170911 ,+91 9910733911
Email : info@adlergroup.in

Web :  http://www.adlergroup.in

solar panel

Solar power tariff touches record low of Rs 3 a unit

The Rs 3 per unit or USD 4 cents tariff is unprecedented in Indian rooftop solar sector that has drastically reduced pricing dynamics, said Amplus Energy Solutions.

Solar tariff has fallen to an all-time low of Rs 3 per unit, which was quoted by Amplus Energy Solutions in an auction for rooftop solar power conducted by Solar Energy Corporation of India (SECI). “In a move that will offer cheapest power from solar rooftop plants, Amplus Energy Solutions has won a bid to install 14.5 MW of solar rooftop plants across 10 states. The tariffs offered are at a record low of Rs 3/unit in three states and Rs 5.3-6.2/unit in other states in India. Tariffs are fixed for 25 years,” Amplus Energy Solutions said in a statement.

The Rs 3 per unit or USD 4 cents tariff is unprecedented in Indian rooftop solar sector that has drastically reduced pricing dynamics, it said.
Uttarakhand, Himachal Pradesh and Puducherry will get solar at Rs 3 per unit, while others such as Karnataka, Madhya Pradesh and Maharashtra will get solar power at Rs 5.56/unit. Rajasthan at Rs 5.38/unit, Haryana at Rs 5.76/unit and Punjab at Rs 6.20/unit, it added.
The capacities bagged by Amplus under this bid are Maharashtra (3MW), Rajasthan (2MW), Punjab (2MW), Karnataka (2MW), Haryana (2MW), Himachal Pradesh (1MW), Madhya Pradesh (1MW), Uttarakhand (0.5MW), Puducherry (0.5MW) and Chandigarh (0.5MW), it said.
Solar rooftop plants will be identified and installed on buildings of NGOs, educational institutes, hospitals, trusts and not for profit companies etc. in these states, it added.
Gurgaon-based Amplus will install, operate and maintain the project for a period of 25 years and will invest Rs 70 crore for all the projects.
These projects would help in CO2 savings of 5,00,250 MT or reduced consumption of 36,97,500 barrels of crude oil which will be equivalent to planting 6,23,500 trees over their entire life.
Amplus is also in the process of closing loans worth Rs 200 crore from the SBI – World Bank lending facility for rooftop projects, it said.
The company is on a rapid growth path and is looking to further expand its geographic footprint in India and hire resources. It currently employs more than 100 people with offices in 5 major cities across India.
Going forward, Amplus has plans to achieve 100MW of solar rooftop projects in this fiscal year with 60MW already clocked with this latest win.
In a short span of time, Amplus is already serving more than 30 clients in more than 200 locations in India.
Speaking about this project, Amplus Energy Managing Director & CEO Sanjeev Aggarwal said “With this win, we will be able to offer solar power at unprecedented prices to deserving consumers.
The government aims to increase energy sourced from solar rooftop systems to 40 gigawatts by 2022.

Source: http://indianexpress.com/article/india/india-news-india/solar-power-tariff-touches-record-low-of-rs-3-a-unit-4402971/

ADLER Solar is a leading solar company dealing in solar products and providing complete solar energy solutions. You’ve come to the right place – give us a call!

Mob: +91 9971170911 ,+91 9910733911
Email : info@adlergroup.in
Web :  http://www.adlergroup.in