The Mumbai-based engineering company, which acquired a majority stake in electric scooter maker Ampere Vehicles last year, is currently building a supply chain for the proposed EV battery manufacturing plant.
India’s energy demand will rise as the economy expands and more people have access to power, cooking gas and transport. Currently, India is the third largest energy consumer after China and the US. Its energy demand is expected to grow three-fold by 2040.
Chinese solar modules currently meet around 80% of India’s demand. Domestic modules face stiff competition from those imported from China, which cost 10-20% less, even after the imposition of safeguard duties.
With Narendra Modi’s government stunning pollsters with another huge victory, the solar industry expects renewable power momentum to be maintained with steps including anti-dumping duty on solar module imports, a national policy for rooftop solar and an emphasis on easing private-sector participation in the power sector.
The fund will be used for a broad modernization program that will help Indian railways to transition from dependence on fossil fuels to renewable energy.
CNG distributor Indraprastha Gas Limited (IGL) has invited bids for supply, installation, testing and commissioning of 1 KWp solar PV system (4x260W panels) along with Lithium-ion batteries and inverter for 12 hours backup. A total of 76 such system combinations are to be supplied. Bidding closes on May 30.
Currently, the Mumbai-based solar EPC firm is executing 134.5 MWp project capacity to be commissioned by September 2019. It expects to surpass cumulative installation of 350 MWp by the end of FY 2019-20.
The contraction in Chinese trade flows to the U.S. is likely to result in the dumping in India of Far Eastern electronic and electrical components as well as steel, iron, chemicals and plastic products.
Solar Energy Corporation of India (SECI) has invited bids for development of 2 MW solar PV power projects—1 MW each for Siachen and Partapur army posts—in Leh region of Jammu & Kashmir. The projects are to be developed on ‘build, own operate’ basis.
Adani Green Energy and ReNew Power made techno-commercial bids for 600 MW and 300 MW, respectively, leaving the tendered capacity undersubscribed by 300 MW.
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