A new study by CEEW Centre for Energy Finance assesses the competitive advantage that China has over India and presents a suite of short-term and long-term interventions required for a globally competitive solar manufacturing sector in India.
The Solar Power Developers Association (SPDA) said one-year safeguard duty extension had already resulted in escalated capital costs. Any additional tariff barriers would jeopardize the Government’s ‘100 GW by 2022’ target.
During the financial year 2019-20, Chinese manufacturer Risen was the second-largest PV module supplier to Indian solar installations, accounting for around 9.9% of the overall shipments.
The monocrystalline solar panel and AC module maker, has, on average, achieved a ten times revenue growth year-on-year since its inception. It now aims to generate over Rs 100 crore revenue by the end of FY 2021—a 300% increase within a year.
The coal tar derivates company has commissioned a 5000-tonne per annum facility to manufacture synthetic graphite anode materials for lithium-ion batteries. It plans to invest US$ 70 million (Rs 520 crore) over the next five years to increase this capacity to 50,000 tonnes.
The state-owned engineering firm will supply and set up a cumulative 410 kWh of battery energy storage systems in Delhi under UI-ASSIST (US-India Collaborative for Smart Distribution System with Storage) initiative of TERI.
India imported solar cells and modules worth $1.3 billion from China in FY2019-20. Domestic manufacturers have demanded a level playing field to compete against cheaper imports.
The state-owned electronics manufacturer has signed a memorandum of understanding for technology transfer with Vikram Sarabhai Space Centre of Indian Space Research Organisation.
Bids are invited from Indian manufacturers to supply polycrystalline solar modules with an efficiency of a minimum 16.75%. Bidding closes on September 3.
The Mumbai-based manufacturer has a 2 GW state-of-the-art solar module manufacturing capacity in Gujarat and is setting up an additional Rs 11-billion modules and cells factory in the state.
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