The funding is aimed to boost women’s access to affordable green housing in India. It includes up to $58 million direct loan by the Asian Development Bank and a $10 million concessional loan by the Canadian Climate Fund for the Private Sector in Asia.
As domestic solar manufacturers relying on imported cells remain exposed to price fluctuations, timely commissioning and ramp-up of on-going capex in module manufacturing value chain remains critical in the near to medium term.
The Bihar-based rural clean energy services provider has received US$4 million from India Renewable Energy Development Agency (IREDA) to construct 140 microgrids in the states of Uttar Pradesh and Bihar.
British analyst GlobalData has predicted residential and commercial rooftop panels will not return to a declining price trend until next year, with post-Covid logistics headaches the cause, rather than a polysilicon shortage.
The Department of Science & Technology, Government of India, and the Innovation Fund Denmark (IFD) have collaborated to fund Indian and Danish researchers on the joint development of green fuels including green hydrogen.
Norwegian analyst Rystad Energy has warned the solar industry could suffer the same effects of rising input prices as onshore wind developers grappling with ever more costly steel, with much hinging on how much solar panel raw material polysilicon can be manufactured.
State-owned power producers THDC India, NTPC, NHPC, and SJVN have committed investments to build 10 GW of renewable energy capacity each. Among private firms, Reliance plans 20 GW and Axis Energy Group 28 GW of solar projects and 4 GW solar module manufacturing facility.
All stakeholders are expecting the Indian Renewable Energy Development Agency Limited (IREDA) to expedite and issue letters of award to balance companies that have bid under the production-linked incentive (PLI) scheme for solar. Most players have already acquired land and some have even done the land development work and basic construction in anticipation of the award pending for the last three months.
Ashutosh Verma, founder of solar appliance manufacturing company Exalta India, says the key to increasing the uptake of solar products in rural areas lies in improving the access to finance, infrastructure to retain the technology, and awareness on usage.
The State-owned hydropower producer has proposed an investment of INR 50,000 crore (around US$6,683 million) to develop 10 GW of solar power projects in the State in the next five years.
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