Uttar Pradesh released a new solar policy on December 7 for the development of 10.7 GW of solar installations in India by 2022, including 4.3 GW through rooftop solar. The government has proposed several incentives and offers to promote solar growth in the state.
This week’s Intersolar India 2017 in Mumbai, which ran from Tuesday to Thursday at the Bombay Exhibition Centre (BEC), highlighted both the potential and the challenges of India’s vast residential PV market. Everything from policy to unique environmental challenges and installation processes was discussed.
Milan Koev, REC Group’s Vice President Sales & Marketing APAC, speaks to pv magazine about the potential of India’s rooftop solar market.
Kolkata airport has commissioned a 15 MW, ground-mounted, grid-connected PV plant. The solar plant is among the largest located at any airport in India.
India has installed total 1,861 MW rooftop PV as of September 2017 as the state of Maharashtra overtakes Tamil Nadu to become largest for rooftop solar, as per latest report by Bridge to India. Analysts have revised India’s rooftop projection to 10.8 GW by 2021.
The Odisha state government plans to increase its solar power generation capacity from 63 MW to 333 MW by the end of 2017-2018. The eastern state of India has also invited bids for 200 MW of solar power, with the process set to begin in a fortnight. Odisha’s rooftop capacity stands at 16 MW.
US company has entered India’s solar market with creation of R&D center and microinverter supply deal for 1 MW solar installation in Bengaluru in partnership with RenXSOl Ecotech.
Trina Solar may scrap planned Indian PV fab amid tumbling prices driven by solar auctions, reports Bloomberg New Energy Finance during its Shanghai summit. Demand for lithium, meanwhile, poised to reach record high on back of expected EV growth.
India’s rooftop PV ambitions present a US$23 billion investment opportunity, says Bloomberg New Energy Finance (BNEF). However, despite the sub-sector being the fastest growing, its 40 GW targets are “unachievable”.
“Huge demand” will be created in the Indian solar market in 2018 on the back of the government’s plans to auction off 20 GW worth of projects, says IHS Markit. Companies will only be permitted to take part in the auctions, it says, if they set up manufacturing facilites in the country. Jobs will also be created.
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