Indian Solar Manufacturing Association (ISMA) General Secretary, HR Gupta speaks to pv magazine about the petition filed by ISMA for safeguarding the domestic manufacturing sector. Gupta seeks to alleviate doubts regarding the safeguard duty and justifies the upcoming tariff by stressing that no derailment of projects will happen.
This week’s World Future Energy Summit (WFES) saw a letter of intent inked at the International Solar Alliance’s (ISA’s) pavilion to secure financing of up to US$5 billion with India’s YES Bank by 2030. MNRE head, R.K. Singh also announced a $350 million solar development fund by the Indian Government for solar projects.
India’s Council on Energy, Environment, and Water (CEEW), which is actively working with the Indian government to update the country’s solar target, says increasing solar pump installations in India requires more than just subsidies.
The Indian government has introduced a number of subsidies under various categories of solar projects, from big PV parks to small rooftop and off-grid installations, in order to achieve its 100 GW solar target by 2022. The current status of the subsidies are summarized below.
Azure Power, one of India’s leading independent solar power producers, has commissioned a 100 MW NTPC solar power plant in Telangana.
The Solar Energy Corporation of India has postponed the 2 GW PV project tender until further notice. The company has also extended the deadline for expression of interest for setting up the solar manufacturing plant in India until January 29.
The investments from Netherlands-based FMO and the U.S.’s OPIC will help to grow the company’s platform in India, which finances rooftop solar for SMEs. Orb Energy will also expand its Kenyan operations.
India has proposed to impose safeguard duty at the rate of 70% for a period of 200 days on imported cells and modules coming from China PR and Malaysia.