A report by Indian ratings agency CRISIL points to a rising rate of tender failures, an inconsistent policy approach from central and state governments and restrictive solar energy tariff caps and says India could have just 104 GW of renewables capacity by 2022.
Manufacturers have been invited to compete for the tender by submitting expressions of interest by October 22. The vehicles must be ready to hit state roads by the end of March.
The fossil fuel giant, like many of its global peers, is making inroads into renewable energy activity and has invested an unspecified amount in becoming a significant shareholder in a business which installs rooftop PV systems for commercial and industrial clients.
Opinion is divided over the urgency of addressing the issue. While some developers feel the 25-year lifetime of modules offers plenty of time to prepare an action plan, other industry voices claim Indian-made products don’t last half that long and one recent report pointed out waste is already piling up thanks to defects and faulty installation.
Legal decision is the latest blow to new chief minister Jaganmohan Reddy’s determined attempt to reverse the clean energy gains made by his predecessor N Chandrababu Naidu.
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.
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