The joint venture company—Khanij Bidesh India Limited (KABIL)—will help India to secure strategic minerals from abroad for manufacturing of solar energy storage and EV batteries.
The global installed capacity will grow from a modest 9 GW/17 GWh as of 2018 to 1,095 GW/2,850 GWh in the next two decades. Just 10 countries will account for almost 75% of the overall gigawatt market, with China, USA, India and Germany leading the pack.
The NYSE-listed solar developer now has 1.5 GW of interstate transmission system projects with sovereign counterparties—the largest such portfolio in India.
While Solar Energy Corporation of India and NTPC fare better on tariff payment obligations than directly selling to discoms, all other obligations need to be met by them only to the extent they are met on a back-to-back basis by discoms.
After High Court’s stay on tariff revision, the state government has resorted to unprecedented curtailment of wind and solar power projects.
The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition.
With this win, the company’s capacity under implementation would become 650 MW, which is in addition to the operating capacity of 2,476 MW (comprising 932 MW wind and 1544 MW solar capacity at utility scale).
The projects—to be set up in capacities of 100 KW and 5000 KW on the barren and uncultivatable lands—will generate an estimated 148.85 MW of solar power.
India needs special institutional structures within leading public financial institutions to cater to market segments that do not attract commercial capital at competitive terms.
The $500k order follows the delivery of two high-volume quantum-dot production systems—valued at $1 million—to support roll-to-roll printing of thin-film solar cells at Assam facility.
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