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India Seeks International Developers To Build Its 100-GW Solar Market

India will soon invite bids for its first dollar-linked solar power contracts, seeking to cut costs and woo investment as Prime Minister Narendra Modi targets an unprecedented expansion in clean energy.

State-owned NTPC Ltd., India’s largest power generator, will award the tenders for 500 megawatts to 1,000 megawatts of electricity in July, Tarun Kapoor, a joint secretary in India’s Renewable Energy Ministry, said in an interview in New Delhi.

“NTPC will show the way in dollar bidding by bringing solar tenders in a month,” Kapoor said on June 25.

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India Seeks International Developers To Build Its 100-GW Solar Market

India will soon invite bids for its first dollar-linked solar power contracts, seeking to cut costs and woo investment as Prime Minister Narendra Modi targets an unprecedented expansion in clean energy.

State-owned NTPC Ltd., India’s largest power generator, will award the tenders for 500 megawatts to 1,000 megawatts of electricity in July, Tarun Kapoor, a joint secretary in India’s Renewable Energy Ministry, said in an interview in New Delhi.

“NTPC will show the way in dollar bidding by bringing solar tenders in a month,” Kapoor said on June 25.

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Behavioral Economics and the Solar PV Industry

Behavioral economic theory holds that human interactions are complex and that economic motivations include nuance beyond that of maximizing utility. This is certainly true of the global solar industry as throughout its history it has interacted within a context of here-one-day-gone-the-next incentives and subsidies, expectations of significant price drops, competition with well-subsidized conventional energy technologies as well as a continuing perception among many that solar remains a science experiment.

Solar industry participants have a preference for very big numbers and forecasts as well as for optimistic outlooks for the future.  Any deviation from the celebration of really big numbers or any notion that strays from the optimistic status quo is typically ignored. 

Cherry-picking facts — be they optimistic or pessimistic — to make a point without considering context and nuance, will almost always lead to poor decision-making. 

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What Is the Value of Solar Energy + Storage?

What’s the true, overall value of combined “behind the meter” energy storage plus solar PV deployment to U.S. power utilities and their customers? That’s the big question facing stakeholders in Hawaii and other U.S. states with a need to integrate fast-growing amounts of solar and renewable energy on to power grids.

 

A new valuation methodology set out in a report commissioned by the Interstate Renewable Energy Council (IREC) and carried out by Clean Power Research offers utilities, grid operators and regulators the means to find out. With Hawaii’s electricity market providing the basis, the IREC-CPR report, “Valuation of Solar + Storage in Hawaii: A Methodology,” fills a gap in the analytic toolkit utilities have at their disposal, IREC and CPR explained in interviews. 

 

A rough analysis using the valuation methodology indicates the incremental value of adding battery storage capacity to solar PV installations in Hawaii comes in at 10 cents per kWh. Those net capacity added benefits accrue to the utility and rate payers. Costs of 7 cents per kWh, which include the costs of solar and storage losses, are paid for by utility customers who deploy these hybrid systems, CPR’s Ben Norris explained.

 

While these figures are specific to Hawaii, IREC-CPR’s valuation model can be used to determine the value of solar-plus-storage installations in any state or region, he added. 

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‘Snail’s Pace’ in Climate Talks, Weak Pledges Frustrate UN Chief

The secretary general of the United Nations is frustrated with the pace of negotiations for what’s intended to be a crucial agreement limiting global warming.

Climate change pledges submitted so far from the world’s leading economies won’t be enough to keep the planet from warming dangerously, UN Secretary General Ban Ki-moon said Monday in New York.

Proposals to reduce heat-trapping emissions need to be “a floor, not a ceiling,” he said.

The global increase in temperatures will exceed 2 degrees Celsius (3.6 degrees Fahrenheit) under the national pledges already submitted to UN, Ban said. That’s the goal scientists and the UN have set to avoid the worst effects due to global warming.

The proposals submitted to date “will not be enough to place us on a 2-degree pathway,” Ban said.

Without any changes to global emissions, the world is on track to warm by 4 degrees Celsius or more, UN Assistant Secretary-General for Climate Change Janos Pasztor said earlier this month.

World leaders have five months to go before a meeting of almost 200 nations in Paris that’s intended to seal a new global pact to cut planet-warming carbon emissions. If successful, the agreement would be the first ever to require both developed nations like the US and growing economies like China to address climate change.

“The pace of UN negotiations are far too slow,” Ban said. “It’s like a snail’s pace.”

The U.S., the world’s biggest historic source of greenhouse gases, pledged earlier this year to cut its emissions by as much as 28 percent by 2025. The European Union has promised a 40 percent cut by 2030. Several other major economies, including Australia and Japan, have yet to submit climate plans to the UN.

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Listen Up: The Solar Maintenance Myth

Why are rooftop solar systems so reliable? First, because the solar panels themselves have zero moving parts, use tempered glass and anodized aluminum (better than most windows and skylights), and are covered by a 25 year manufacturer’s warranty. Second, because top quality microinverters carry a 25 year warranty and string inverters carry a 10 year warranty — and based on industry experience, the real-world performance of quality inverters has exceeded their warranty term. And third, because flashed rooftop mounting systems using all aluminum and stainless steel components will last at least as long as a homeowner’s roof.

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