The levy on modules will then almost double to 40% within a year and cells will see a similar rise, from an initial rate of 15%.
Only domestic manufacturers with multicrystalline solar cell production capacity of a minimum 30 MW per annum are eligible to apply. Bidding closes on June 27.
The hydropower producer—which recently diversified into solar power projects—has invited global applications as it seeks to empanel EPC agencies and module manufacturers for its solar projects. June 22 is the last date to lodge the interest.
The developer is reported to have exercised an option to double the 4 GW of solar generation capacity and 1 GW of cell and module production facilities it secured in the manufacturing-linked solar tender carried out by the Solar Energy Corporation of India in November.
The projects—to be developed in three phases of 1 GW each—are expected to be completed by year 2022-23. While the first and the third phases will be developed under public-private partnership basis, the second phase will be on the ownership model of REMCL and eligible for capital subsidy under the CPSE scheme.
The Chinese manufacturer maintained its leading volume supplier position with the highest market share while accruing over 3.6 GW module installations in India.
Market dynamics may again alter the global supply-demand picture for solar modules, leading to an increase in prices or price stabilization.
For long-term stability, Discoms need to address operational issues like low billing and collection efficiency and high aggregate technical and commercial losses.
All the JinkoSolar PV modules shipped to India during January to March period of 2020 are based on mono PERC technology, comprising full-cell and half-cell modules.
The government’s announcement of Rs 90,000 crore liquidity injection comes as a relief for Discoms. It will be, however, essential to see as to what extent the discoms can avail the scheme given the ‘tied’ nature of this support and requirement of State Government guarantee—shares Care Ratings.
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