India’s largest private-sector thermal power producer—which ranked as the sixth largest solar player globally in 2019—will invest over 70% of its budgeted Capex for the energy vertical into clean energy and energy-efficient systems to fuel its transformation.
Following a dip in 2018-19, India’s exports of solar cells, whether or not assembled into modules, saw a massive surge with the figure estimated to have touched Rs 133,164.64 lakh during 2019-20 (March-November) as against Rs 84,764.11 lakh in 2018-19 and Rs 91,357.37 lakh in 2017-18. While exports to USA have tripled, those to Turkey and Belgium have seen a major rebound—making these claim the second and third slots, respectively.
The Mumbai-based solar EPC solutions provider has to its credit 9.2 GWp of solar power projects (commissioned and under construction) globally, including 3.05 GWp in the MENA region.
The monocrystalline solar panel manufacturer aims to reach 100 million customers and achieve Rs 100 crore revenue by FY 2020-21.
The wall-mount charger with a high power output of 22 KW AC maximum reduces electric vehicle charging time by up to 70% in comparison to common 7KW AC chargers. The 125 KW string inverter—a cloud-connected three-phase solution—enables cost-efficient decentralized photovoltaic systems for both ground-mounted and large commercial applications.
The land required to meet India’s 2022 renewable energy target ranges from approximately 55,000 to 125,000 km2, or areas roughly the size of Himachal Pradesh or Chhattisgarh, respectively. This much land is likely to impact 6700–11,900 km2 of forest land and 24,100–55,700 km2 of agricultural land. The good news is that India’s already degraded lands have the potential of 1789 GW, which is more than ten times the 175 GW target.
Increased funding under the KUSUM Scheme to create further markets in farmland solar, viability gap funding to promote installation of grid-connected battery storage, and R&D support to zero-carbon technologies for cement and steel sectors would take India ahead on the green path—says the sustainability thinktank.
The first Indian power plant, with a capacity of 5.5 MWp, was inaugurated in 2017 in the state of Uttarakhand. With the just commissioned photovoltaic power plant of 27 MWp, the developer claims to offer the lowest price of solar electricity in the Indian state of Maharashtra.
India needs to look at a diverse set of flexibility options such as natural gas capacity, variable renewables themselves, energy storage, demand-side response and power grids, to ensure successful integration of wind and and solar PV, says an International Energy Agency (IEA) report.
The project—valued at Rs 15,050 million—is to be set up using only domestically manufactured cells and modules. Completion period is 20 months.
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