Currently, the independent power producer has a portfolio of over 500 MW under India’s open access solar policy, with leading IT and manufacturing giants among its client base.
Maharashtra, Rajasthan, Gujarat, Karnataka and Tamil Nadu were the top five states by annual installation, accounting for 60% of the new capacity.
While the nation’s recent Union budget announced steps to create an electric vehicle market, the solar sector still has issues that have not been addressed.
Citing the risk to solar projects, lobby group the National Solar Energy Federation Of India has asked the Ministry of New and Renewable Energy to exclude flat steel products coated with alloy of aluminum and zinc from anti-dumping duty.
Unlike the other, India-wide 1.2 GW tender rolled out simultaneously yesterday, the delivery point for a second wave of projects will be designated inter-state transmission system substations in the state of Madhya Pradesh.
The Solar Energy Corporation of India has invited bids to set up 1.2 GW of grid-connected solar under the fifth phase of its national interstate transmission system program. The projects – to be established on a build, own, operate basis – will be awarded through e-bidding and a reverse auction with a tariff ceiling of Rs2.65/kWh. Bidding closes on July 31.
A World Trade Organization panel has found a U.S. move to incentivize the use of domestic solar products put imported goods from India and other countries at a disadvantage.
The Solar Energy Corporation of India’s 1.2 GW auction saw four companies – Ayana Renewable, ReNew Power, NYSE-listed Azure Power and Mahindra Susten – secure a combined capacity of 1.15 GW at INR2.54/kWh. Avaada Energy landed the remaining 50 MW, at Rs2.55.
The government is considering financial incentives such as import and export duty waivers to woo battery manufacturers to set up a globally competitive manufacturing base in India.
Following the launch of the Indian government’s 40 GW battery production plan for the states, Telangana has pitched for a 5 GW lithium ion plant by announcing the ready availability of 200 acres of land plus power and water for the fab at a concessional rate.
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