Subsidies from central and state bodies will help photovoltaics get within reach of similarly sponsored conventional electricity, which begs the question, why not remove subsidies for both?
Given its ambitious goal of 175 GW renewable power by 2022 and push for electric mobility, the country presents a potential investment opportunity of $50 billion in battery storage facilities.
The payment security fund administered by SECI will ensure late payments by debt-laden discoms will not affect solar developers. The government is considering a levy on PV projects to help maintain the fund.
The project is one among 300 odd projects worth Rs 65,000 crore including solar parks to be launched during a ground breaking ceremony in Kanpur later this month.
The National Solar Energy Federation Of India says the recent decision to exclude commercial and industrial premises, as well as public buildings, from self consumption remuneration unfairly penalizes businesses and public bodies which have gone down the solar path.
The solar projects, mainly located in Africa and South America, are identified by International Solar Alliance (ISA). These will include on-grid as well as off-grid projects like rooftop solar and irrigation pumps powered by solar panels.
From April to November, Indian imports of solar cells and modules from Singapore – worth Rs489 crore, Vietnam (Rs263 crore) and Thailand (Rs155 crore) recorded whopping annual growth rates of 242%, 440% and 2,711%, respectively.
The Cabinet Committee on Economic Affairs has approved a plan for projects to be enabled by public bodies in the hope that avoiding competitive procurement will enable it to circumvent WTO rules related to import parity.
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