Responding to developer requests, the state-run NTPC has deferred a 2 GW solar auction by a week, to Tuesday. Madhya Pradesh Urja Vikas Nigam Ltd is another state-owned corporation that has extended its bid submission deadline – for 33 MWp of rooftop solar – from August 9 to August 17, after similar requests.
The tariff means PV projects will pause as developers adjust procurement strategies and new tenders risk delays or cancellation. The two-year limit on the duty will not be long enough to prompt more cell manufacturing capacity and as for imports, there are doubts over how the origin of cells will be adjudicated so that Chinese and Malaysian cells are subject to the charge, say analysts.
The Kolkata-based EPC company says failing to exempt SEZs from the new tariff defeats the point of the existence of such areas, which is to foster domestic manufacturing and industry.
Inspectors from solar risk management company PI Berlin visited six projects and exposed cost-cutting in installation, non-existent warranties, serious safety concerns and improbable performance figures.
The Chinese solar PV inverter manufacturer officially opened its first non-domestic fab today: a 3 GW central and string inverter factory in Bengaluru, Karnataka. It is targeting a 50% market share in India in 2019, and mulling setting up an R&D center in the country. pv magazine attended the inauguration.
India is currently the second largest market in the world for PV module demand. With China’s domestic demand frozen since the 31/5 notification, the country’s total module demand in 2018 will likely only achieve 32-34 GW. This will allow India, which may surpass 10 GW in annual demand, to reach 13% of global PV demand this year. As a result, the future of India’s trade war has become an influential factor in the global PV industry.
India’s energy storage industry feels the government’s move to reduce GST on lithium-ion (Li-ion) batteries from 28% to 18% will benefit electric vehicles and the renewables sector. The government has also cut GST on the raw materials for battery manufacturing, to jump-start domestic industry.
The remarkable 4 GW of solar capacity added last year has seen the state displace Tamil Nadu as the nation’s renewables top dog. And there is more to come, according to a new report, with PV set to account for a third of rising energy demand over the next decade.
Phased import tariff would fall to 20% 12 months after introduction and 15% for final six months of a proposed two-year period. Industry watchers say the cost of Indian solar energy could rise by up to 30%.
Dr Rashi Gupta, Director at Vision Mechatronics discusses the EV landscape in India, particularly focusing on the potential for battery manufacturing. While there are currently many challenges, like a lack of raw materials and infrastructure, the opportunities are immense.
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