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India Solar Power Target

India’s Solar Modules Manufacturing Capacity Jumps 150% In 2 Years

India’s Solar Modules Manufacturing Capacity Jumps 150% In 2 Years

written by saurabh

Following the sharp increase in the installed solar power target announced by the Indian government in 2014, solar cell and module manufacturing companies have significantly increased the production capacities.

The Ministry of New & Renewable Energy recently released data for the companies active in solar cell and module production in the country, their installed capacity base and utilisation. As on 30 June 2016, India had 20 companies actively involved in solar cell production. As many as 94 companies are manufacturing solar PV modules in the country.

The 20 solar cell companies have a combined annual production capacity of 1,468 MW out of which 1,163 MW capacity (or more than 76%) was being utilised. Three companies – Jupiter Solar, Indosolar and Moser Baer Solar – represent 780 MW, or over 53%, of the total installed production capacity. Four companies – Lanco Solar, Mundra Solar PV (Adani Enterprises), Synergy Solar and Waaree Energies – are believed to be in the process of setting up their production capacities.

Solar cell manufacturing capacity in India has increased from 1,216 MW in June 2014 to 1,468 MW in June 2016. Capacity utilisation in June 2014 was a measly 20% which has increased to 76.5% in June 2016.

Capacity utilisation in solar module manufacturers is also high at around 74%. A total of 94 companies have a cumulative installed production capacity of 6,848 MW solar PV modules per year, of this 4,308 MW capacity is being utilised. Vikram Solar (500 MW), Waaree Energies (500 MW) and Tata Power Solar Systems (300 MW) are the three largest manufacturers of solar PV modules in India representing 23% of the installed capacity; all three also reported 100% utilisation of their production capacity.

Growth in the solar PV module manufacturing capacity has been much greater than that in the solar cell manufacturing sector. From an installed capacity base of 2,348 MW in June 2014, the module manufacturing capacity has increased by nearly three times to 6,848 MW. The capacity utilisation has also increased from 28% to around 74%.

The Indian government is looking to further enhance the domestic solar cell and manufacturing sector. The government is planning financial support package of $3.1 billion to solar power equipment manufacturing sector. The support, possibly in the form capital cost support, could be offered on per MW basis.



October 26, 2016 0 comment
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India May Miss Solar Power Target This Year, Says Industry Body

India May Miss Solar Power Target This Year, Says Industry Body

written by saurabh

Doubts over whether India can achieve the solar power capacity addition target for the current financial year seem to be strengthening.

According to media reports, the president of Solar Energy Equipment Manufacturers Association of Telangana (SEEMAT) and chairman of Premier Solar Systems – a manufacturer of solar panels in India recently stated that the cumulative installed solar power capacity in the country will reach 15 GW by the end of the current financial year i.e., 31 March 2017.

This would mean an addition of around 8 GW between the period of April 2016 and March 2017. This addition, if achieved, will be a third less than the targeted capacity addition of 12 GW announced by the Ministry of New & Renewable Energy. Interestingly, however, no one seems to be bothered by this fact with SEEMAT claiming that this will be in-line with the government’s plan to have 100 GW installed solar power capacity by March 2022.

Last month, an Indian ratings agency also stated similar capacity addition numbers for the current financial year. CARE Ratings claimed that only 5.2 GW of solar power capacity is expected to be added between April 2016 and March 2017. Again, the report issued by CARE does not voiced any concerns. The report itself mentions that an increasing number of states have come out with the aggressive solar power policies and targets.

The CARE report further states that an estimated 8 GW capacity will be added during the next financial year of 2017-18. This, again, would be a massive reduction compared to the annual capacity addition targets announced by the Indian government.

The Indian government has set a target for 100 GW installed solar power capacity by March 2022. To achieve this, the government plans to add 15-17 GW every year starting 2017-18, hoping that the installed capacity at the beginning of the fiscal year would be around 19 GW.



September 12, 2016 0 comment
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India’s NTPC Limited Approves 510 MW Solar Power Investment

India’s NTPC Limited Approves 510 MW Solar Power Investment

written by saurabh

India’s largest power generation company has approved funding for two large-scale solar power projects demonstrating its intention to push forward with renewable energy development.

The board of NTPC Limited recently approved investment of Rs 3100 crore ($467 million) for the development of 260 MW solar power park in Rajasthan and 250 MW solar power park in Madhya Pradesh.

The company has already approved and started work on similar solar power parks in other states. The most recent update came from another solar power in the state of Rajasthan. NTPC allocated 420 MW capacity in units of 70 MW each. Fortum placed a bid of Rs 4.34/kWh (US¢6.5/kWh) which remains the lowest-ever tariff in India for solar power projects.

Solar power parks being developed by NTPC also includes the 500 MW project allocated to SunEdison in Andhra Pradesh. The project’s future is now at stake with the US-based developer facing financial troubles.

NTPC Limited plans to invest $10 billion to set up 10 GW of renewable energy capacity over the next 5 years. A large part of this capacity is expected in the form of solar power projects. The company has been asked by several state governments to set up large-scale solar parks and is reported to have 3 GW solar power capacity in its pipeline.



April 17, 2016 0 comment
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