India is set to add renewable energy capacity of 15,860 MW in 2019, a leap of 50% on the 10,560 MW installed last year. Around 70% – 10,902 MW – of the new capacity will come from utility-scale solar projects, according to Bridge To India analysts.
While the timelines for PV power plant execution and completion of manufacturing facilities are now more realistic, production obligations – especially for capacity utilization – need to be revisited.
The nation installed 4.9 GW of solar, surpassing the USA – which installed 4.7 GW – to become the second largest solar market in the first half of the year, second only to China’s 24.3 GW.
By adopting resource efficiency measures, the Indian PV solar manufacturing sector can reduce its material requirement from an estimated 12 million tons to 8.2 million tons by 2030. The resource-efficient approach will also increase efficiency to more than 30% from 6% in 2018, according to a study conducted under the European Union’s Resource Efficiency Initiative (EU-REI) Project.
The Indian government has imposed a safeguard duty of 25% on solar imports from China and Malaysia for two years. The Ministry of Finance (Department of Revenue) levied the duty based on the final recommendations proposed by the Directorate General of Trade Remedies (DGTR). While most industry players are dismayed, believing project costs could “immediately” go up by 15%, others are more optimistic.
The Asian companies will form a joint venture in India to execute the plan. The project’s total investment is expected to be around US$930 million, which will be used for the production of solar PV ingots, wafers, cells, modules and batteries.
Annual International Roadmap for Photovoltaics, compiled by the German production equipment industrial association (VDMA), reveals slowdown in module price reduction for 2017 in contrast to significant market increase that saw module production capacity rise above 130 GW.
Five Indian solar firms have filed an application for the imposition of import duties on solar cells with the Directorate General of Safeguards in a move designed to boost domestic manufacturing and protect local interests.
India invites suggestions and feedback for its new solar PV manufacturing scheme, which aims to ramp up domestic manufacturing capacity of modules, cells, wafers and ingots, and polysilicon. The scheme is expected to be implemented at the beginning of 2018.
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