The European Union (EU) should set higher solar PV deployment targets and speed up the energy transition to phase out its energy dependency on Russia as soon as possible, according to five member states of the bloc.
India’s expanded production-linked incentive (PLI) scheme for solar manufacturing could be altered to encourage more domestic PV players to participate.
India is set to double its solar module manufacturing capacity in the next two years, with the sector boosted by government support schemes and new entrants exploring the market, according to JMK Research & Analytics.
President Joe Biden used his first State of the Union address to emphasise the need for more renewables investment and tax incentives to speed up solar deployment.
Indian module manufacturer Waaree Energies is taking advantage of rising interest in its products from export markets as it looks to maintain a full order book, the company’s CEO has said.
India must scale up investment in the large-scale domestic manufacture of upstream PV products to avoid the risk of logistics and commodity price fluctuations posed by its current high levels of solar imports, new research has suggested.
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.
US-based solar tracker manufacturers have welcomed the inclusion of domestic manufacturing incentives for tracker components included in a draft version of the country’s Build Back Better (BBB) bill, saying the proposed measures would drive job creation.
The US Senate Finance Committee has included manufacturing incentives for domestic producers of solar trackers and inverters in its draft version of the country’s Build Back Better (BBB) budget reconciliation bill.
As Senate Democrats continue negotiations over President Joe Biden’s US$1.75 trillion Build Back Better plan, Jules Scully looks at how the package could drive solar deployment and bolster domestic PV manufacturing.
