The deal follows 50 MW of orders completed recently for another American developer. Encouraged by the demand, Waaree plans to strengthen its base in the USA by opening a local office in California shortly.
A new study by CEEW Centre for Energy Finance assesses the competitive advantage that China has over India and presents a suite of short-term and long-term interventions required for a globally competitive solar manufacturing sector in India.
The Solar Power Developers Association (SPDA) said one-year safeguard duty extension had already resulted in escalated capital costs. Any additional tariff barriers would jeopardize the Government’s ‘100 GW by 2022’ target.
During the financial year 2019-20, Chinese manufacturer Risen was the second-largest PV module supplier to Indian solar installations, accounting for around 9.9% of the overall shipments.
The monocrystalline solar panel and AC module maker, has, on average, achieved a ten times revenue growth year-on-year since its inception. It now aims to generate over Rs 100 crore revenue by the end of FY 2021—a 300% increase within a year.
India imported solar cells and modules worth $1.3 billion from China in FY2019-20. Domestic manufacturers have demanded a level playing field to compete against cheaper imports.
Bids are invited from Indian manufacturers to supply polycrystalline solar modules with an efficiency of a minimum 16.75%. Bidding closes on September 3.
The Mumbai-based manufacturer has a 2 GW state-of-the-art solar module manufacturing capacity in Gujarat and is setting up an additional Rs 11-billion modules and cells factory in the state.
Chinese PV module maker JinkoSolar unveiled its new 610 W Tiger Pro TR solar modules on Saturday at the SNEC PV Power Expo in Shanghai. Furthermore, bifacial module specialist Jolywood launched the Niwa Super module series, which has a power output ranging from 570 W to 615 W and a reported efficiency of 22.1%.
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.
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