Inverters

The device was developed by an international consortium through the EU-funded project Renewable penetration levered by Efficient Low Voltage Distribution grids (RESOLVD). The power electronic technology is claimed to be able to combine different storage technologies in a single electronic-based board interface.

Imported solar inverters and lanterns will get costlier, as the union budget for the next fiscal year has proposed customs duty increases from 5%, for both items, to 20% and 15%, respectively. The budget, which also incentivizes Indian manufacturing of solar project components whilst giving a helping hand to raw materials, makes no mention of solar cells or panels.

The EV manufacturer with big solar ambitions has finally leveraged its expertise in power electronics technology and launched a solar inverter.

The Chinese manufacturer, which has a central and string inverter factory in Bengaluru, sold a minimum 3 GW of the cumulative sales last year alone. Going forward, it has a strong order book for the upcoming solar capacity too.

A recent GOGLA report indicates an increasing trend towards hybrid power solutions that integrate DC solar with AC grid power, and appliances that integrate both AC and DC power. In particular, the sales of hybrid solar inverter UPS in India is growing at 25% annually, much faster than conventional inverters’ 10% annual market growth. 

Bridge to India figures show dominance of Chinese inverters, which supplied almost 80% of installs from July last year to the end of June.

Some 5.9 GW of utility scale PV generation capacity was added in 2019-20, plus 1.7 GW of rooftop solar, with domestic module manufacturers enjoying around 40% of the market.

The levelized cost of energy generated by large scale solar plants is around $0.068/kWh, compared to $0.378 ten years ago and the price fell 13.1% between 2018 and last year alone, according to figures released by the International Renewable Energy Agency.

June 11 is the new deadline to bid for supply of the balance-of-system (BOS), installation and commissioning of 735 (3×245 MW) Nokh Solar Park project in Jaisalmer district.

The artificial intelligence powered inverter and PV management solution—which powers over 96% renewable capacity installed by Adani Green Energy—was also used for the 50 MW solar plant commissioned recently in Rajasthan.