Indian company Amtronics CC has paid Quantum Materials Corp an initial $500,000 as part of an agreement securing the right to manufacture quantum dots and thin-film quantum dot solar cells based on QMC technology for commercial supply in India. Construction has already started on a manufacturing facility in the state of Assam.
Aiming to localize production across the electric vehicle value chain, the government wants to support battery manufacturing at a gigawatt-scale. The initial focus will be on large-scale module and pack assembly plants in the new fiscal year, followed by integrated cell manufacturing by 2021-22.
Developers turned their back on a procurement exercise linked to projects at the Dholera Solar Park, after insisting the challenging terrain meant the electricity price ceiling stipulated by the state would make projects unviable.
Following New Delhi-based Urja Global, Singapore’s Ojovati and another Delhi company – Avanze Inventive – have signed memoranda of understanding to manufactue lithium-ion cells and batteries, respectively, in the state.
The Indian government has imposed anti-dumping duty of $114.58/metric ton on tempered solar glass imports originating in or exported from Malaysia. The five-year duty will be applied to products from producers except Xinyi Solar.
Following a petition by domestic PV panel manufacturers, India’s Directorate General of Trade Remedies has recommended the imposition of duties ranging from $537-1,559/metric ton on solar ethylene vinyl acetate sheets imported from China, Malaysia, Saudi Arabia and Thailand.
As national elections approach, prime minister Narendra Modi has signed off a huge check to finance national programs to subsidize household and community PV and to drive solar pump deployment in the nation’s fields.
The Solar Energy Corporation of India has invited bids for the development of an aggregate capacity of 20 MW of lagoon-based floating PV with 60 MWh of battery-based storage systems in the union territory of Lakshadweep.
U.K. developer Lightsource BP – in which oil and gas giant BP has a significant minority stake – and its Singapore fund partner EverSource Capital are reportedly ready to take up all the $100 million slice of Ayana Renewable Power which is being put up for sale.
Given its ambitious goal of achieving 175 GW of renewable power generation capacity by 2022 – and push for electric mobility – the world’s second most populous nation presents a potentially huge investment opportunity.
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