Markets & Policy

While the Central and State Governments have taken several proactive steps to make it easier for solar developers to acquire land for their projects, land aggregation remains the single biggest roadblock in implementing large-scale projects, resulting in a slowdown in the industry.

The International Renewable Energy Agency’s latest global outlook has spelled out just how ‘woefully’ far the world is from capping temperature rises at 1.5C, and lamented: ‘The stimulus and recovery efforts associated with the pandemic have also proved a missed opportunity.’

The ‘Net-Zero Industry Accelerator’ program will prioritize industries with the highest carbon footprints and assure a robust ecosystem to support a new generation of entrepreneurs as they take disruptive climate-tech innovations for industrial decarbonization from the lab to market. 

The modernization and transition of energy sources towards environment-friendly options, jointly exercised with the capacity to conserve the proven available reserves, is an action fraught with foresight. The emergence of the future scenarios and how it will all play out in the long term remain unknown to the human consciousness. However, the foresight emanating through the intertwining of the collective consciousness of human existence shall undoubtedly provide us with a potent armory to articulate our response to the emerging scenarios.

The Approved List of Models and Manufacturers (ALMM) requirement will now apply to projects that request open access or net metering from October 1, 2022.

Over 4GW of open access and rooftop solar projects under various stages of development can get stuck due to the ALMM requirement, according to Distributed Solar Power Association (DiSPA).

The PV plant, situated in Maharashtra, is owned and operated by Lightsource BP’s renewable energy arm Lightsource Renewable Energy (India) in finance partnership with UK government-funded green investment platform UKCI.

The COVID-19 outbreak impacted the solar industry in terms of cash flow, payment collection from distribution businesses, working capital needs, workforce availability, and, most critically, supply chain availability. The government’s response to this situation was mainly positive.

Through this initiative, the National Solar Energy Federation of India (NSEFI) and Hydrogen Association of India (HAI) will drive the industry response to promote indigenous manufacturing, advocate policy measures, and support pilot projects while facilitating industry-academia collaboration.

Those put under the waiting list include Mahindra & Mahindra Limited, Exide Industries Limited, Larsen & Toubro Limited, Amara Raja Batteries Limited, and India Power Corporation Limited.