Procurement

Hygenco will build, own and operate a multi-megawatt green hydrogen facility for the long-term supply to Jindal Stainless Ltd, one of the largest stainless-steel conglomerates globally.

The Chinese PV module maker has shipped more than 8 GW of solar panels to India since the start of its operations in the market in 2010.

The state of Bihar has started accepting bids from lithium battery and solar module manufacturers to set up factories under its preferential procurement incentive scheme. To be eligible, the bidders must meet the minimum qualifying criteria and be willing to set up at least 25 MW of solar module production capacity and 50,000 of lithium battery output per year.

JinkoSolar claims that it has shipped 8 GW of solar modules to India, following record-breaking performance in recent quarters.

Solar cell and module prices have increased by more than 40% over the last 18 months, driven by polysilicon prices. However, bid tariffs has remained lower than what is needed to mitigate the rise in module prices. The risk of lower returns is significant for 4.4 GW of projects that have been awarded over the past 18 months, with tariffs below INR 2.2 ($0.028)/kWh.

The Cellular Operators Association of India has welcomed lowering of the green energy open-access transaction limit from 1 MW to 100 kW under the Electricity (Promoting Renewable Energy through Green Open Access) Rules 2022.

India’s rooftop solar installations increased by 34% year on year in the January-March period, despite a 17% increase in system costs.

Solar tariffs will likely increase to INR 2.95 ($0.039)/kWh in the next 12 months, mainly due to the 40% basic customs duty on imported solar modules. 

CareEdge Ratings has analyzed the key drivers of rising PV module prices and the impact on projects in India. It has also assessed the tariffs expected in upcoming bids, to ensure that developers get the same returns they were previously getting. 

Chinese PV module manufacturer Longi has surpassed 7 GW of shipments to India, less than six years after launching its operations in the country.