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And the analyst expects that annual new additions figure to rise to 10.6 GW in 2025. This year the U.S. will surpass South Korea as the largest storage market due to new capacity for solar-plus-storage projects. In Japan and Australia, growth will be spurred by the termination of FIT programs.

The import of secondary cells and batteries of lead-acid and nickel-based chemistries will be allowed subject to IEC 61427 certification of the product and certificate issued by the MNRE, along with an undertaking from the supplier that the products will be utilised for solar PV power projects only.

The Japanese multinational will transfer its Panasonic Energy Malaysia unit to Chinese heterojunction module provider GS-Solar as part of a broader cooperation agreement. Panasonic’s solar R&D business will form part of a JV in Japan to be 90% owned by GS-Solar.

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.

The procurement – for PV capacity at the Dholera Solar Park – attracted bids for just 300 MW as developers shunned a tariff ceiling of Rs2.75/kWh.

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.

After two decades of growth, the amount of newly installed renewable energy capacity is no longer rising and, despite a 7% growth in electricity generation from clean energy sources, global energy-related carbon emissions have risen 1.7%.

Under the partnership, projects will be sought on nomination as well as through competitive bidding. Exicom shall also help state-owned Bharat Heavy Electricals Limited (BHEL) to set up electric vehicle (EV) charger manufacturing facility for e-mobility business.