Waste-to-energy, battery lifecycle solutions and hazardous waste management will make up an increased share of Fortum’s business in future. While solar will continue to be a mainstay for the Finnish clean energy company in India, Fortum wants to deepen its presence in the electric vehicle space with smart solutions, according to Sanjay Aggarwal, the company’s India MD, and Juha Suomi, area director for Asia, who spoke exclusively to pv magazine.
The court appears to have sided with solar developers who are complaining about a revision made late last year which ensured only 70% of the costs associated with PV project establishment would qualify for a discounted rate of goods and services tax.
With last year’s embarrassing manufacturing-linked capacity tender limping along, it has been reported that the Indian government – whichever form it takes after the current elections – is considering a new tender to incentivize the establishment of a domestic solar industry.
Policy certainty and more financial subsidies would incentivise the market, as would support for domestic manufacturing and simplifying the net metering application process.
With concern rising about future solar waste in India, research by the University of New South Wales has examined the economic barriers, technologies and opportunities offered by recycling end-of-life silicon PV modules.
The German EPC contractor is also building a 250 MW AC ground-mounted solar farm in Karnataka. Overall, with an already installed capacity of more than 370 MWp and other projects under implementation, it expects to cross 1 GW of installed capacity in India by the year end.
India’s leading solar region has been forced to apply the brakes to new solar with its power distribution companies having fulfilled their renewable purchase obligations for the next two years. Projects driven by federal agencies will continue, however.
As the nation aims for 100 GW of solar capacity by 2022 it is staring at up to 1.8 million tons of PV waste by 2050. A solar waste management seminar organized by consultancy Bridge To India in New Delhi brought stakeholders together to discuss how a PV waste management system could help.
KKR has also applied to become a co-sponsor of the power infrastructure investment trust and plans to acquire additional 15% stake in it. The deal marks KKR’s first infrastructure investment in Asia.
The company has identified renewables, transmission and distribution, and value-added businesses such as rooftop solar, smart metering, electric vehicle (EV) charging stations and micro grids in rural areas as key growth areas.
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