While some of the industry insiders gathered at REI 2019 have made predictable calls to be free of the restrictions imposed by regulators, others maintained policy support is crucial and audience members voiced concern about India’s lack of recycling rules.
With the power minister hinting a new renewable energy tariff policy could be in the works, the federal agency responsible for solar – which has come under fire after the latest delay to a troubled PV manufacturing tender – has boasted of the volume of clean power it has signed deals for recently.
The Solar Energy Corporation of India has extended the deadline yet again for a procurement exercise originally intended to secure 5 GW of PV manufacturing capacity and 10 GW of generation assets 13 months ago. The deadline for bidding for 2 GW of production and 6 GW of generation capacity is now October 11.
The financial failings of India’s electric companies have once again come to the fore as the power minister warned the seven worst offending states the lengthening debts they owe renewables developers could be recovered via the National Company Law Tribunal.
A minister said an unnamed private investor had proposed an 800 MW solar project in the state on top of a 900 MW scheme being carried out with Japan. But the chairman of power giant NTPC said AI and digitization should be used to extend coal burning for decades to come.
The state is lagging woefully in the transition to renewable energy with just 38 MW of solar generation capacity towards its 2020 target of 2.65 GW.
The fossil fuel giant announced the plan in its latest annual results. The company envisages rolling out electric vehicle chargers at its petrol and diesel stations.
New incentive scheme will see state government offering up to 40% subsidy towards cost of residential solar systems with the aim of adding 8 lakh of new arrays by 2022.
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