Mega tenders are being pushed but actual progress is stagnating in India's PV sector, consultancy warns.
With developers facing months of delivery delays for Chinese solar parts, India has said it will consider extending deadlines for PV projects scheduled to be switched on this summer, relieving developers from costly fines.
Exemption on customs duty for cells and modules in India widely expected to be lifted later in the year but there are still legal barriers to overcome, says Bridge to India.
Union Budget revealed in recent days earmarks US$3 billion for the power and renewables sector and outlines plan to give tax breaks to foreign sovereign wealth funds and domestic IPPs.
Adani's Mumbai-based utility awards Adani renewable energy developer with 700MW of hybrid capacity at lower tariff.
MNRE secretary commits to managing curtailment of renewables, while analyst says problem 'too important to ignore'.
Analyst welcomes land solution of renewables capacities in border states but questions transmission, security and scale.
Rooftop sector continues to increase rapidly, with a growth rate of 61% over the previous financial year, says Bridge to India.
Calls for lifting priority sector lending limit for clean energy sector echo several similar, but failed attempts over last five years.
The usual big names participate with bids ranging between an unsurprising 2.54-2.55 rupees per unit, Bridge to India MD tells PV Tech.
Significant deployment uptick expected for the next two years even as sector faces land acquisition and network challenges, says Bridge to India report.
CEO's expect 58GW of solar additions over the next five years, while average PV tariffs bids still seen as aggressive.
After record low tariff project gets safeguard duty relief, ACME Solar president tells PV Tech that compensation payment timelines are clear and other state commissions will likely follow centre's lead, while analyst warns of PPA differences.
One analyst says latest poor show of interest is part of a worrying trend in cancellations and under subscriptions.
Bridge to India estimates PV waste volumes will increase to 1.8 million tonnes by 2050 in the South Asian nation and has called for "immediate efforts" on related policy.