Lobby group the National Solar Energy Federation of India says around 4 GW of solar plant capacity is likely to be affected by component shortages after the outbreak of the virus in China.
Consultancy Bridge to India has looked into its crystal ball to predict India will add 10 GW of solar capacity this year and the same next year before deployment slows to 7 GW per year in 2022 and 2023, dogged by hurdles such as an inexplicable ongoing demand for new coal-fired power plants.
The New Delhi-based developer posted a Rs136 crore loss from October to the end of December but has managed to shift current liabilities into the long grass as it aims to continue on an expansionist trail, backed by the Canadian pension fund which holds almost half its shares.
Annual renewable energy balancing between resource-surplus and resource-deficit states can help solve DISCOM woes while ensuring their compliance to renewable purchase obligations.
Removal of solar trade duties, discom reforms, and better central-state government coordination are prerequisites to increase renewable project development in the country.
Panellists including a government representative and a member of the chief policy thinktank used by Narendra Modi agreed coal will continue as the staple source of Indian power into the mid century and technology should be employed to ‘clean’ it.
Any proponent can install such facility in the country, said Minister of State for Environment, Forest And Climate Change, noting that technologies are available for complete recycling of lithium batteries to recover valuable metals.
China, Hong Kong and Vietnam are the top three nations exporting batteries to India. Chinese imports were worth $773 million in the last fiscal year with Hong Kong shipping $267 million worth and Vietnam $114 million, according to the Ministry of Commerce.
Solar cells and modules will continue to attract zero basic customs duty unless exemption notification 24/2005, dated March 1, 2005 is amended to reflect the 20% increase by Ministry of Finance, said the lobby group.
Eleven per cent reported an increase in income levels by up to $66 per month on average. The impacts are seen even though a majority of solar home system customers also have grid access, highlighting that, as a complement to the grid, small scale solar still has a key role to play.
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