India needs to adopt a balanced approach for solar manufacturing
A new report says the imposition of safeguard duties and basic custom duties is only a partial solution to help the domestically produced solar modules remain competitive with imported panels. The government needs to adopt a long-term strategy towards PV manufacturing that supports backward integration and sustained innovation.
Solar industry in 2020
India’s new solar capacity addition was badly hit due to the pandemic. The nation installed just 2.32 GW during the first nine months of the year. However, there was a silver lining too!
India added 883 MW of rooftop solar in nine months despite Covid-19
With 380 MW of generation capacity, Gujarat accounted for 43% of new rooftop solar installations during the January-to-September period.
India sets new record-low solar tariff of Rs2.36/kWh
The winning bid, for 300 MW of generation capacity by Spanish developer Solarpack in a 2 GW auction is 3.3% lower than the previous record of Rs2.44.
