Business information provider IHS Markit announced on December 14 that global photovoltaic (PV) demand is forecast to reach 108 gigawatts (GW) in 2018, largely driven by an improvement in the outlook in China, according to the latest edition of its PV Demand Market Tracker. IHS Markit expects strong demand from the Chinese market to continue on the back of strong policy support, a successful transition to a more diverse market and strong momentum in the distributed-PV (DPV) sector.
Tata Power Renewable Energy Ltd. (TPREL), India’s largest renewable energy company and Tata Power’s wholly-owned subsidiary, announced yesterday that it has commissioned its 100 MW solar plant (50MW X 2) at Pavagada Solar Park in Karnataka. The project was won by TPREL in May 2016 under the National Solar Mission Phase-II Batch-II Tranche-I State Specific Bundling Scheme. With this development, TPREL’s total installed operating capacity now stands at 1614 MW.
Finnish power company Fortum announced today that it has connected a 100-MW solar plant to grid at Pavagada solar park in the Tumkur District, Karnataka, India. This solar plant more than doubles Fortum’s solar production capacity in India from 85 to 185 MW, being Fortum’s fourth, and so far biggest solar energy project built.