India is expected to deploy just 4.1GW of solar in FY2018/19, down 55% year-on-year and roughly a quarter of the government’s annual target of 16GW, according to the latest report from consultancy firm Bridge to India.
The solar industry gets to grips with the bewildering array of new module technologies at the second edition of the PV ModuleTech event in Penang, Malaysia. The conference raised a huge number of questions such as how to evaluate bifacial technology and whether it might rise faster than predicted, how long p-type multicrystalline has left in the running and the perennial issue of quality, to name a few.
Trade delegations from India and Taiwan have failed to reach an agreement in a dispute regarding India’s safeguard duty on solar cell and module imports from developed countries as well as China and Malaysia, according to a World Trade Organisation (WTO) filing dated 2 November.
Indian solar developer Azure Power has had a hugely successful period of raising financing, but consultancy firm Bridge to India has said that the overall domestic PV sector is facing hard times in raising debt finance.
Despite consistent year-on-year growth in India’s solar and wind sectors, the year 2018/19 will see a substantial slowdown of -49% compared to the previous year, according to consultancy firm Bridge to India’s report ‘India RE Map-2018’.
India’s Ministry of New and Renewable Energy (MNRE) has written to the Solar Energy Corporation of India (SECI) directing it to hold a one-off smaller 1.2GW solar tender with a significantly lower ceiling tariff, with the hope of driving tariffs down further.
India’s Ministry of Power (MOP) has sent a letter to the Central Electricity Regulatory Commission (CERC) asking it to accelerate the pass-through option in the case of any ‘change in law’ that affects power project costs, including the safeguard duty on solar imports.
The Indian Finance Ministry’s order imposing a safeguard duty for two years on solar imports from developed countries as well as China and Malaysia has brought long-awaited clarity to both manufacturers and developers, but both segments of the industry have a number of fears.