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Indian solar sector facing multiple issues as tariffs edge upwards, greater bifacial adoption one solution

May 30, 2022
India’s solar sector is in a tricky place at the moment, with module price inflation, manufacturing incentives and geopolitical events causing disruption to the industry, pushing up average tariffs and lowering returns on solar investments. PV Tech Premium picks apart what is going on behind the scenes.
An 200MW project in the Indian state of Gujarat. Image: Engie.

India set to miss 2022 100GW solar target after poor rooftop performance, 2030 target in long-term jeopardy

April 12, 2022
India is set to fall well short of its 2022 solar target of 100GW of installed solar capacity due to the slow uptake of rooftop solar, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research.
Premier Energies recently opened a 1.5GW integrated PV manufacturing plant in Hyderabad. Image: Premier Energies.

India’s PLI scheme to add 40GW of cell and module capacity when coupled with BCD – ICRA rating agency

February 22, 2022
India’s Production Linked Incentive (PLI) scheme is expected to add up to 40GW of additional cell and module manufacturing capacity in the country as it operates in tandem with the country’s upcoming Basic Customs Duty (BCD), according to Indian rating agency ICRA, a Moody's Investors Service company.
Scatec’s 40MW Mocuba solar project in Mozambique. Image: Scatec.

Scatec puts Indian PV project on hold due to ‘lack of domestic module supply’, import duty

February 4, 2022
Norwegian independent power producer (IPP) Scatec said it has put on hold a 900MW solar project in India due to a lack of supply of domestic modules and the upcoming introduction of a new import duty.
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman along with the Minister of State for Finance and Corporate Affairs, Shri Anurag Singh Thakur arrives at Parliament House to present the General Budget 2021-22, in New Delhi on February 01, 2021.
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Indian budget a ‘game changer’ for domestic manufacturing, say experts

February 3, 2022
The Indian government’s budget announcement on Monday (1 February) is set to be a “game-changer” for domestic manufacturing following the imposition of a Basic Customs Duty (BCD) of 25% on solar PV cells and of 40% on solar PV modules from April this year.
India had 46.3GW of installed solar capacity as of September 2021. Image: ReNew Power.

India could be at risk of supply and demand mismatch for solar equipment, Fitch warns

January 21, 2022
India is at risk of a supply and demand mismatch for solar equipment if domestic PV manufacturers are unable to meet the quantity and quality required by project developers, Fitch Solutions has warned.
Tata Power Solar reached 1.1GW of cell and module capacity in 2021. Image: Tata Power
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‘Huge potential’ for solar manufacturing in India, says Tata Power Renewables president

January 5, 2022
After ramping up cell and module production capacity last year, Indian solar manufacturer and EPC firm Tata Power Solar is eyeing further expansions as it bids to take advantage of efforts from India’s government to bolster domestic PV manufacturing.
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Adani Green Energy signs ‘world’s largest green PPA’ with SECI

December 14, 2021
Adani Green Energy has signed a power purchase agreement (PPA) with state-owned Solar Energy Corporation of India (SECI) to supply 4,667MW of renewable power in what the company has called the “largest ever green PPA”
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Inside India’s solar industry: breaking down the key incentives and instruments

December 6, 2021
PV Tech Premium breaks down the key schemes and incentives that exist for companies that want to invest in India's growing solar market
RK Singh Minister MNRE

New PV manufacturing bases outside China necessary to reduce supply disruption, India minister says

July 20, 2021
It is “unhealthy” for China to dominate solar manufacturing and production bases outside of the country are necessary to reduce the risk of supply chain disruptions, an Indian government official has said.

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