With a huge market and relevant manufacturing advantages, the country aspires to become a giga-scale manufacturing destination for the breakthrough PV technologies across the value chain.
Doubling down on renewable energy investment and energy transition spending is required to ensure a truly green global recovery from the Covid-19 crisis and its economic aftershock, claims the International Renewable Energy Agency.
The country’s electric bus market has gained momentum owing to aggressive government push through FAME India [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] scheme and increased interest from global investors.
August 21 is the deadline to submit bids for supply of 4.50W (4-/5-busbar), 4.60W (5-busbar) and 4.67W (5-busbar) multi-crystalline solar cells. Only Indian manufacturers are eligible to participate.
The government is acquiring lithium mines abroad to ensure raw material availability for electric vehicle battery production. Among other technology alternatives for EVs, it is looking at developing indigenous hydrogen fuel cells with hydrogen derived from biomass.
India’s entire solar industry is dependent on Chinese imports to function. Hence, there is a comprehensive need to relook at the current policies and focus on building wafers and ingots capacity that will be used to manufacture the cells and eventually, modules.
Indian solar manufacturers have cried foul over a system which exempts imported panels from yet-to-be-announced tax regimes but offers no such protection to domestic products.
The country—which meets over 80% of the solar module demand through imports—can turn the present crisis into an opportunity by ramping up domestic manufacturing with measures like fiscal incentives.
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