India will add only 50 GW of solar project capacity and 10 GW of wind power over the next five years, according to a survey of chief executives, to leave it far short of the government ambition of hitting 175 GW of clean energy in two years’ time.
Bosses from 40 Indian and international businesses made the pessimistic prediction as part of this year’s renewable energy survey of CEOs by consultancy Bridge to India.
At the end of May, India had 34,915 MW of solar generation capacity and 37,756 MW of wind projects, meaning the 12 GW of clean energy technology expected annually by chief executives will fall far short of the federal target, which demands 100 GW of solar and 60 GW of wind within two years as part of the 175 GW ambition.
Of the 50 GW of solar anticipated by chief executives up to 2025, 39 GW is expected to come from utility scale facilities, with 8 GW from rooftop PV, 2.8 GW of floating solar and 12 GWh of grid scale energy storage.
The prospects for module manufacturing capacity were also rated as weak by the executives surveyed, with just 3.2 GW of new capacity anticipated by 2025.
Half of the respondents said the renewable energy capacity auctions market is quite aggressive. With regards to new tender design, the majority of the executives said manufacturing-linked tenders and blended renewable and thermal power tenders were desirable, with execution remaining a concern.
Some 58% of the company bosses surveyed said they were against imposing a 20% import duty on cells and modules.
As far as the executives were concerned, the states of Karnataka, Gujarat and Rajasthan ranked as the best for ‘ease of doing business’ in the utility scale solar market segment. For rooftop solar, the preferred areas were Rajasthan, Gujarat and Haryana.
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It is increasingly clear that these enlightened “industrialists /executives” are essentially incapable off supporting or participating in a, much larger undetaking…. the ZERO POLLUTION OPTION.
If India had to rely or depend upon these same Private Financiers and Industrialists for Self-Sufficiency in food…. India would still be passing around the “begging good bowl”.
The track record of the above Private Sector has been woefully Lacking, Disappointing and repeatedly Short on Results all the time ….. to respond to the Nation and People’s needs. This is precisly why the PSU (Public Sector Undertakings) exist.
In the case of the oncoming Solar Energy Tsunami… too… they will have to be kept aside… for THEIR OWN SAFETY… if nothing else…
The results and opinions of these Executives confirms THEY ARE COLLECTIVELY INCAPABLE OF SUPPORTING INDIA’S NEED OF SAVING 2 MILLION PREMATURE DEATHS IN INDIA TO POLLUTION USING GREEN, CLEAN, SUSTAINABLE ENERGY. THEY SHOULD ONLY STICK WITH MANUFACTURING… AND IF NOT CAPABLE OR INTETESTED… THEN PSU’S WILL HAVE TO STEP IN….IN FACT THEY STILL DONOT GET IT… AND WANT MORE POLLUTING AND FOSSIL PLANTS THAT KILL.. AND SPREAD MISERY… LIKE COVID TOO.
The Green Revolution in the 1960’s succeded BECAUSE IT KEPT INDUSTRIES AND FINANCIAL INSTITUTIONS…. OUT IF THE LOOP.
The same modus opetandi is necessary for implementing the Zero Pollution Option of replacing ALL Fossil and Polluting facilities with Solar Energy.
(This includes Nuclear Plants too, that create Deadly Radioactive Waste to be stored for 100,000+ years…. and is being created every second of every day at the facilities…. with no where to go…. and many want even more.. and more… and more…???).
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