Supply demand mismatch is the most crucial factor which is directly or indirectly leading to an increase in module prices. At present, demand (especially for poly-Si) far outstrips the supply. A balance between the supply and demand is essential for stabilization of solar module prices.
While ALMM does support domestic manufacturers, this is not a sustained solution considering the wide demand-supply gap. Disincentivising imports could be a workable strategy when there is enough capacity back home.
Although we may have just about commenced our run in the electric vehicle (EV) race, it is critical that we jump-start the pace of adoption by enhancing the overall perception of EVs from a safety and longevity standpoint.
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 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 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.
The present system of the energy sector is centralized due to which the prosumer’s and consumers’ direct connection is yet to be formed. It’s due to persisting challenges like transaction efficiency, security and data transparency in the Indian energy market. The blockchain is a data-driven technology that helps create a very transparent process in data sharing among the peers involved in the system and sort out the challenges persisting in the energy market.
The global steel industry is poised to shift from coal to hydrogen. With enough high-quality iron ore and low prices for hydrogen, India could play a pivotal role in global steel decarbonisation given its large and growing economy.
Residential-based energy storage will become the new ‘Boiler 2.0’ and could form part of a virtual power plant, providing a viable solution to the global energy crisis and helping us to achieve our net-zero goals.