Developers will have to provide operation and maintenance services for ten years for the project at Kasargod Solar Park. The deadline for bid submission is in two weeks.
The Philippines-based solar major will develop around 500 MW of solar capacity in India, which it describes as having favourable regulatory environment.
Considering the remarkable advances made by the solar sector since the Rio ‘Earth Summit’ of 1992, PV was notable by its absence at the Convention of Parties climate change summit held by the UN in Poland.
From April to November, Indian imports of solar cells and modules from Singapore – worth Rs489 crore, Vietnam (Rs263 crore) and Thailand (Rs155 crore) recorded whopping annual growth rates of 242%, 440% and 2,711%, respectively.
The last 10 years have seen India emerge as a solar superpower, setting an example from which many emerging countries in Africa and Southeast Asia are eager to learn.
Reports emphasize the likelihood of India remaining a world leader for solar but warn of missed targets for PV overall and rooftop in particular.
“While there are ample solar PV module manufacturers in India to meet the government demands, the proposal would provide impetus to existing and new players to venture into cell production”—according to Sunil Rathi, director, Waaree Energies.
According to the Silver Institute, demand for the precious metal in the solar industry will remain stable up to 2022, despite recent changes in China’s PV policy.
The Kolkata-based module manufacturer and EPC contractor will commission the project for Hindustan Zinc Limited at Ghosunda Dam, near Chittorgarh, in Rajasthan.
Testing has led to the first certificate of its kind worldwide since a revision of International Electrotechnical Commission Standards in 2016. Accreditation enables Premier Solar to access markets in Latin America, Europe and Africa.
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