Procurement

The projects—to be developed in three phases of 1 GW each—are expected to be completed by year 2022-23. While the first and the third phases will be developed under public-private partnership basis, the second phase will be on the ownership model of REMCL and eligible for capital subsidy under the CPSE scheme.

The Chinese manufacturer maintained its leading volume supplier position with the highest market share while accruing over 3.6 GW module installations in India.

Market dynamics may again alter the global supply-demand picture for solar modules, leading to an increase in prices or price stabilization.

For long-term stability, Discoms need to address operational issues like low billing and collection efficiency and high aggregate technical and commercial losses.

All the JinkoSolar PV modules shipped to India during January to March period of 2020 are based on mono PERC technology, comprising full-cell and half-cell modules.

The government’s announcement of Rs 90,000 crore liquidity injection comes as a relief for Discoms. It will be, however, essential to see as to what extent the discoms can avail the scheme given the ‘tied’ nature of this support and requirement of State Government guarantee—shares Care Ratings. 

India hosts numerous 1 GW-plus solar parks, two of which are the largest commissioned in the world. The huge sites have been instrumental in driving economies of scale and continue to attract global capital and some of the most recognized renewables developers.

The recently concluded 400 MW renewables auction to supply 24-hour electricity saw winning bid of INR2.90/kWh—a new milestone after peak+off-peak tariff of INR4.07 was achieved in January’s 1.2 GW auction demanding assured power supply during peak demand hours.

Australia based Neometals and India’s Manikaran Power—which announced their collaboration on India’s first lithium refinery last year—have also doubled the proposed refinery capacity to 20,000 tonnes per annum of lithium hydroxide.

The Central Electronics Limited (CEL) seeks to empanel balance-of-system (BOS) suppliers for compact solar power packs ranging from 1 kWp to 5 kWp. The empaneled vendors shall also be responsible for installation and commissioning of the packs at four locations—in and around Pune, Chennai, Delhi National Capital Region and Sahibabad.