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Markets & Policy

Production-linked solar incentive scheme to support just 8-13% of 240 GW panel demand till FY30

India has set a ‘280 GW by 2030’ solar target, out of which 240 GW is yet to be implemented. India Ratings estimates the PLI scheme shall provide incentives to the beneficiary facilities for an aggregate sales of 20-30 GW over a five-year period, which is just 8%-13% of the planned 240 GW requirement.

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States must plan now for utility-scale battery storage

A new report says the Indian States must develop plans to incentivize investments into the deployment of utility-scale battery storage—just as they did for solar. 

India ranked third most attractive country for solar investment

India ranks behind the United States and China in IHS Markit’s latest rankings of most attractive solar markets.

Virescent Infrastructure acquires 76 MW of operating solar assets in India

US investor KKR-backed Virescent Infrastructure has acquired Singapore-based Sindicatum Group’s operating solar assets in three Indian states. The acquired PV projects benefit from long-term power purchase agreements with government counterparties.

Maharashtra discom tenders for purchase of 500 MW solar power 

Solar power generators have until June 4 to bid for supplying the power from their proposed or existing PV projects under a 25-year PPA. 

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Developing climate-resilient decentralized solar solutions 

A new report states decentralized solar installations in climate-vulnerable regions of Assam, Jharkhand, and Rajasthan lacked design to deal with future climate risks. The report authors, based on their study, outline considerations for policymakers, implementing agencies, vendors, and funding agencies to build resilient structures.

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IREDA to launch call for applications under the production-linked solar incentive scheme soon

Indian Renewable Energy Development Agency Ltd (IREDA), the implementing agency for the Production Linked Incentive (PLI) Scheme, would soon issue the selection document for solar manufacturers who wish to apply for state cash to set up production lines in India.

Bolivia launches call for lithium extraction

Bolivia has launched a second international call, after a first attempt failed in 2019, to seek potential investors for its huge lithium resources.

Dutch LPG major acquires majority stake in SunSource Energy

SHV Energy, a Netherlands-headquartered global distributor of liquefied petroleum gas (LPG), has invested in India’s SunSource Energy as it seeks to realize new opportunities within distributed renewable energy. The investment also enables SunSource to expand its distributed solar portfolio.

Industry reacts to production-linked solar incentive scheme

Solar manufacturers have welcomed the bidding criteria which apply to the incentives offered for setting up gigawatt scale, high-efficiency PV production lines but would like a bigger budget, to finance significant capacity build-up.

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