India’s Prime Minister kick started the first Assembly of the ISA, the second IORA Renewable Energy Ministerial Meeting, and the 2nd Global RE-Invest yesterday in Greater Noida. The agenda of the day? Universal access to solar energy at affordable rates; securing 40% of India’s electricity generation from non-fossil fuels by 2030, and allocating up to US$80 billion to boost domestic PV manufacturing.
“Huge demand” will be created in the Indian solar market in 2018 on the back of the government’s plans to auction off 20 GW worth of projects, says IHS Markit. Companies will only be permitted to take part in the auctions, it says, if they set up manufacturing facilites in the country. Jobs will also be created.
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