India to install 2GW of solar PV in 2015 - Mercom

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

India is set to double its annual installed capacity with a forecast of more than 2GW to be installed this year, up from 1GW in 2014, according to the latest quarterly ‘India Solar Market Update’ from Mercom Capital Group.

Mercom is raising its 2015 forecast up from 1.8GW due to recent developments in Tamil Nadu.

Raj Prabhu, chief executive and co-founder of Mercom Capital Group, told PV Tech he understood that Tamil Nadu had signed several power purchase agreements (PPAs), with speculation that a total of 1GW of PPAs has been signed by Tamil Nadu Generation and Distribution Corporation. It has been confirmed that 400MW of PPAs have been signed with a project commissioning due date of September 2015 in the state.

The Mercom report also covered several major policy and goal updates in the last quarter.

The Reserve Bank of India (RBI) added renewable energy under priority lending but with a cap of INR150 million (US$2.5 million) for renewable energy generators and INR1 million (US$16,393) per borrower for residential customers. Mercom said the impact of this policy would be minimal in the short term because the Indian solar market contains mostly large-scale projects at present.

Prabhu urged the government to consider increasing the cap in order to benefit large-scale projects in order to accelerate the implementation and execution of solar installations in the country.

The Solar Energy Corporation of India (SECI) announced another government programme to establish 2GW of solar PV projects with sizes of 500MW and 250MW on an EPC basis.

The Ministry of New and Renewable Energy (MNRE) announced that out of India's 100GW by 2020 target, 40GW is to come from rooftop PV. Furthermore, individual states have been asked to come out with their own policy and regulatory framework to support rooftop solar.

MNRE also proposed a subsidy cut on rooftop solar power plants to 15% from the current level of 30%. Itclaimed the lower price of components would offset the proposed subsidy reduction.

India's Ministry of Power proposed abolishing interstate transmission charges for renewable energy sources. It also proposed increasing the solar Renewable Purchase Obligation (RPO) to 8% by 2019 from the current goal of 3%, however, Prabhu said the percentage was negligible without strict enforcement of the RPO.

He added: “It is more important to put mechanisms in place which will support strict enforcement of the policy.”

The Supreme Court dismissed an appeal challenging RPO regulations in Rajasthan. It said imposing the RPO was desirable as the citizens have a right to live in a pollution-free environment. Mercom claimed this ruling could have a wider impact because there are several other similar cases pending in other state high courts.

Lastly, the Electricity Amendment Bill was passed in Parliament, which is expected to end power distribution company monopolies by separating distribution from supply in the power sector.

The report highlighted that even though announcements for various solar programmes, goals and policies have continued under the Modi administration, it has yet to call an auction during its first year in office.

Prabhu said: “Not a single auction has been held since the new government came in. They are just trying to ramp up the programme. All the states are doing their own thing, putting their own policies out there, but generally the industry is moving ahead and everyone has noticed that solar and wind are real and they have to really pay attention to it.”

The next round of the Jawaharlal Nehru National Solar Mission (JNNSM) Phase II Batch 2 programme for 3GW of solar projects could be announced any day according to the MNRE. Prabhu said that a further 2GW under Batch III is still being finalised.

He added that India has installed 3.8GW so far in five years.

22 September 2021
To commemorate the World Energy Storage Day(WESD) on 22 September, being recognized worldwide, Customized Energy Solutions (CES) and India Energy Storage Alliance (IESA) is organising the 5th global conference and virtual expo, which will be held virtually on 22 September 2021. WESD is a global movement initiated by various apex trade bodies working to promote and adopt energy storage, e-mobility & green hydrogen technologies for a sustainable future. The forthcoming edition of WESD is expected to attract global participation with an intent to facilitate bi-lateral trade, market development and new research and innovation, which will invite 100+ countries, 100+ regulators & policy makers, 100+ International speakers,1000+ organisations, 100+ partners & exhibitors and 20,000+ global delegates.
28 September 2021
Solar Solutions International is the largest trade show for solar energy in Northwest Europe. Now the solar market has grown up, it's time for the next step. Solar Solutions International displays more than 500 innovations and over 100 practical seminars concerning the latest in energy storage, smart products, and an ever evolving array of solar panels. As an exclusively B2B trade show, Solar Solutions International offers both exhibitors and visitors the chance to network at the highest level. Duurzaam Verwarmd, the largest trade show for sustainable HVAC technology in the Benelux, is held simultaneously. This way your one visit gets you up to date with all of the developments in both sustainable energy and heating.
6 October 2021
Intersolar Europe is the world’s leading exhibition for the solar industry. It takes place as part of The smarter E Europe – the continent’s largest platform for the energy industry. Under the motto “Connecting solar business,” manufacturers, suppliers, distributors, service providers and project planners and developers from around the world meet in Munich every year to discuss the latest developments and trends, explore innovations firsthand and meet potential new customers.
6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.
18 October 2021
Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil on October 18–20, 2021, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry.
19 October 2021
This year’s EV World Congress will hold a special role, not only as the first live EverythingEV event in over a year – a chance to renew your connections and re-engage with the EV sector face to face – but also as a chance to share insight and inspiration as world starts to look towards move on post COVID towards hitting ambitious decarbonisation goals in 2030 and beyond. As ever, we will be bringing world leading organisations, cities, and technology providers to the UK to inspire EV innovators, and delve into the challenges facing the sector as the UK looks to revolutionise road transport.

Read Next

September 22, 2021
More than 190 US solar companies have warned that proposed duties on imports of modules and cells from three Southeast Asian countries represent an “immediate and serious threat” to America’s solar sector.
September 22, 2021
Access to off-grid electricity should be seen as a key mechanism to drive rural development and improve economic wellbeing and living standards in Sub-Saharan Africa (SSA), according to a new report by University College London’s (UCL) Engineering for International Development Centre and off-grid, pay-as-you go solar company BBOXX.
September 22, 2021
A project combining 300MWac of solar with a 150MWac/600MWh battery energy storage facility in New Mexico has advanced after DE Shaw agreed to acquire it.
September 22, 2021
Generac Power Systems has bolstered its presence in the microinverter segment with the launch of a new product line that it says allows homeowners to take advantage of the full potential output of solar arrays.
September 22, 2021
Oil and gas major Shell has launched the Shell Energy brand in Brazil and has committed to investing R$3 billion (US$570 million) in renewables in the country by the end of 2025
September 22, 2021
China has appealed a recent World Trade Organization (WTO) ruling that rejected the country’s challenges to the US' safeguard tariffs on certain crystalline silicon PV cells.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021