Solar News Wrap: Solar tariffs, Virescent Infra,RE Invest, RenewSys DESERV Galactic Ultra and more

This week’s top news that managed to make headline included:

1. tariffs likely to reach record low once again says experts. The 1070 MW tender issued by the Solar Energy Corporation of India received over 5000 MW of bids which according to Vinay Rustagi, managing director Bridge to India may lead to record low tariffs. Vinay said about the tariff while speaking to Economic Times.

2. Global investment firm KKR has announced the launch of Virescent Infrastructure, a newly created platform to acquire renewable energy assets in India.

3. The United States wants India to explore manufacturing a cheaper alternative to silicon solar cells, US Energy Secretary Dan Brouillette said, amid high dependence on Chinese technology.

4. RenewSys has launched ‘DESERV Galactic Ultra’ a range of high output modules that have been engineered using half-cut mono-PERC G1 (158.75 mm) Solar PV cells to phenomenally increase output and performance, even at higher temperatures.

5. The Ministry of New and Renewable Energy’s flagship event RE Invest (3rd Edition) will take place virtually from November 26 to 28. PM Narendra Modi is expected to inaugurate the event on November 26.

6. Africa has immense potential for photovoltaics which has barely been utilized up until now. But a pioneering spirit is spreading across the continent, with many countries paving the way for ambitious photovoltaic projects said a report.

7. Acme Solar has reportedly filed an application in the Supreme court seeking permission to the CERC pass orders reserved before August 28.

8. SJVN Limited is inviting bids to purchase 1,500 acres of land for setting up solar power projects in Rajasthan. The last date to submit the bids online is November 23, 2020.

9. DEG, a development finance institution and KfW Group subsidiary, has pledged $10 million in funding to Indian solar energy company Avaada Energy Private Limited. Avaada aims to reach 4.3 GW of capacity by 2022 with a diversified portfolio.

10. Kerala Water Authority will rely more on solar energy for powering its various establishments which will not only make it self-sufficient but also help slash the massive electricity bills.