With more than 550 rooftops identified to save installation time and costs, the scheme will be divided into 27 project groups backed by the Madhya Pradesh and federal governments. PPA agreements are already in place.
In the first big auction, a day after the imposition of a 25% safeguard duty on solar imports, the winning tariff of Rs 2.79 (US$0.041) at the 200 MW Odisha auction took the industry by surprise.
The U.S. Trade and Development Agency (USTDA) has approved a grant supporting the technical design and project planning work for IL&FS Energy Development Company Limited’s (IEDCL) 41 MW hybrid wind, solar and energy storage power plant in Andhra Pradesh.
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.
Citing high tariff of INR 3.48 ($0.050)/kWh as untenable, the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has cancelled the recent auction for the development of 1 GW grid-connected solar PV projects across the state.
The Chinese solar PV inverter manufacturer officially opened its first non-domestic fab today: a 3 GW central and string inverter factory in Bengaluru, Karnataka. It is targeting a 50% market share in India in 2019, and mulling setting up an R&D center in the country. pv magazine attended the inauguration.
Calling for a complete exemption of the 25% safeguard duty on solar equipment, India’s Solar Power Developers Association (SPDA) says, if imposed, it will jeopardize the viability of around 27,000 MW of solar projects involving an investment of more than Rs 1 lakh crore (around US$15 billion). Other key players also speak out against the tariff plans.
Phased import tariff would fall to 20% 12 months after introduction and 15% for final six months of a proposed two-year period. Industry watchers say the cost of Indian solar energy could rise by up to 30%.
India’s solar rooftop sector continues to disappoint with the first quarter of FY 2018-2019 achieving just 155.77 MW against the 1,000 MW EoY target.
The 750 MW Rewa solar power project, one of the world’s largest single-site solar power plants, has started operations.
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