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Posted on 198 AM Best expects modest economic growth for the first half of 2021, followed by an acceleration during the second half as the roll-out of the COVID-19 vaccine facilitates the full opening of the economy. In its Best’s Special Report, “2021: Transitioning to a New Normal,” AM Best states that risks to the economic forecast are related mainly to the persisting uncertainty about issues associated with the virus, such as new mutations; and whether enough people will take the vaccine to reach herd immunity. Other ris...

India’s solar energy output could rival coal-fired power in 20 years, according to new research from the International Energy Agency (IEA).

Indian auction for 6.4GW of solar bucks trend of falling tariffs Email Adani Green Energy has secured 3GW of PV capacity in a 6.4GW solar auction in the Indian state of Andhra Pradesh that saw higher tariffs than other recent tenders in the country. At INR2.47/kWh (US$0.0339/kWh), the lowest tariff was posted by utility Torrent Power for 300MW, only marginally lower than winning bids in an auction held in Andhra Pradesh two-and-a-half years ago and significantly higher than India’s record-low solar tariff of INR1.99/kWh that was quoted in a Gujarat auction in December. To...

India deployed more than 500MW of solar in December 2020 Email India installed 745MW of solar and wind in December, taking the country’s total renewables capacity up to 91.1GW, according to new figures from JMK Research & Analytics. More than 500MW of December’s additions were from solar PV plants, the consultancy said in its latest market update, with Gujarat installing the highest amount. The state also recently hosted an auction for 500MW of PV that saw winning bids set a record for India’s lowest solar tariff. In terms of shipment figures for 2020, India’s solar...