R&D in solar PV is taking place at a good speed
PV technology in India has completed more than 40 year and it is evolving continuously. Today, we occupy the position of a leader in the world's solar power market. India did a commendable job in the 1990s when manufacturing base was strengthened to over 300,000 smaller systems aggregated to 22 MW.
With India looking at solar playing a major role in the country's energy mix, an emerging sticking point is the imbalance between usage of imported v/s domestic PV panels for local projects.
Solar tenders and auctions have slowed in India | Mercom
While solar installations in India have picked up speed, tender and auction activity have been slowing down over the last couple of quarters. According to the Mercom India Solar Project Tracker, about 1.9 GW of solar was tendered in Q1 2017 (1 GW of this was a retender) compared to 3.4 GW in Q4 last year.
Can Domestic Manufacturers Capture a Larger Piece of the Growing Indian Solar Market
Solar installations in India reached 4 GW in 2016, and are expected to surpass 9 GW in 2017, an incredible pace of growth considering India installed just 883 MW in 2014. With exponential growth in the sector, the government wants to ramp up domestic manufacturing to decrease the volume of solar module imports which, along with installations, has also increased dramatically.
We need investment of over $100 billion, over the next 8 years
From our perspective as a solar panel manufacturer, there are challenges regarding Indian made solar cells. Firstly, cells manufactured in India are 15-20 per cent costlier and less efficient as compared to imported ones. Secondly, there are supply constraints fon account of limited manufacturing capacities.
Will CSP weather the PV storm?
The Ministry of New and Renewable Energy´s (MNRE) ambitious programme-Concentrated Solar Power (CSP)-has seen no major participation from private players and has been marred by lack of implementation in a correct way.
A strategic need for India
According to estimates, India´s trade deficit stands at $140 billion. Whereas considering only energy imports, around $ 170 billion is a significant contributor to the deficit.
The heat is on!
The Indian solar manufacturing sector is at a critical stage now. The consolidation of the sector has already taken place globally, and going forward, India is not going to be immune to the trend. The future growth of the Indian solar sector will depend a lot on the outcome of the anti-dumping investigations and the effectiveness of the domestic content requirement clause.
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