Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Indian Institute of Technology (IIT) Roorkee on Tuesday announced that its researchers have successfully developed high-quality, efficient, and low-cost perovskite solar cells
There are "no plans" to review the basic customs duty (BCD) levied on solar modules and cells, Union Power Minister R K Singh has said.
Existing reflective solar sail designs are typically very large and very thin, and they are limited by the direction of the sunlight, forcing tradeoffs between power and navigation
Solar cells import rose to USD 3,447 million (around Rs 26,000 crore) during April-January 2021-22 as compared to USD 572 million in the previous financial year, Parliament was informed on Thursday. The imports were worth USD 1,684 million in 2019-20 and USD 2,160 million in 2018-19, New & Renewable Energy Minister R K Singh said in a written reply to the Lok Sabha. During April-January 2021-22, the maximum import was from China at USD 3,117.78 million. In another reply, the minister stated that the government has set a target of installing 100 GW solar power capacity by December 2022 in the country. Against this, projects of 108.91 GW have either been commissioned or are in the pipeline. Total 50.78 GW of solar power capacity has been installed as on February 28, 2022. About 44 GW capacity is at various stages of implementation and 13.86 GW capacity is under bidding stage, the minister said.
State seeks to have 25 GW of renewable energy capacity by 2030, become investment destination in sector.
It will also set up a platform for renewable energy project finance to source long-term global capital for investment in these sectors
While incentives worth Rs 6,238 crore would be provided over five years for manufacturing of white goods in India, the outlay for solar PV modules is Rs 4,500 crore
There is a 14.5-per cent safeguard duty on imported solar gears from China and Malaysia.
Engineering firm Sterling and Wilson Pvt Ltd (SWPL) on Thursday said it has signed a contract to construct a solar PV battery storage and diesel genset-based hybrid power plant in Niger in West Africa. The company has signed the contract with France-based engineering, procurement and construction (EPC) company Vergnet and SNS Niger of Niger. In a statement, SWPL said its "Hybrid and Energy Storage division (HES), in consortium partnership with French EPC company Vergnet and SNS Niger, has signed an EPC contract to construct a solar PV battery storage and diesel genset based hybrid power plant in Agadez, Niger, in West Africa". The consortium will also be responsible for a two-year operation and maintenance (O&M) service of the power plant. Battery-based energy storage enables generated electricity to be stored and delivered at any given time, providing stability to the grid, and enabling energy delivered on demand. It will also aid flexibility and agility to better integrate ...
The statement said solar deployment has been the flagship green growth story of the last decade and this would be instrumental to stimulate growth and build a climate-resilient world
Industry said without a level-playing field, domestic manufacturers in SEZs will have to shut shop and "may see job losses in tune of 15,000 people"
There is already safeguard duty of 15 per cent levied on the imported solar cells and modules
Solar modules constitute 80% of the cost of a solar power project.
The renewables ministry wants separate classification for solar PV cells and modules used for clean energy projects and levy duties on their import
The cost of Chinese solar PV (photo voltaic) panels is lower than the cost of Indian panels
As much as $1.96 billion worth of solar cells and modules were imported from China
They generate significantly more energy than other sideways solar systems