India drops solar anti-dumping probe

Investors have continued to pour money into wind-solar hybrid power projects in the Indian state of Karnataka in recent weeks. India's PTC has also launched an oversubscribed tender for 1 GW.

Eight companies have invested more than $9.2 billion in renewable energy in the Indian state of Karnataka in recent weeks. Investments in the wind-solar hybrid energy sector are dominated by companies such as Azure Power, Ayana Renewable Power and Tata Power Renewable Energy and Leap Green Energy.

"Hybrid energy is the future of renewable energy. Pure wind power or pure solar power generation can no longer fully meet consumers' 24/7 electricity needs," said Pratik Agarwal, managing director of Sterlite Power. "Consumers want environmentally friendly, economical and stable electricity. electricity, while Karnataka is a state with potential for both wind and solar. The state also has several optional dam sites for pumped storage, a key component of the 24-hour supply value chain part."

In addition, India's PTC said it had received several offers for a 3.5 GW hybrid wind and solar power plant, and a total of 14 developers responded to their offers, including Tata Power Renewable Energy and Enel Green.