Australia and India will establish a Green Hydrogen Taskforce, with prime ministers today agreeing to the Taskforce’s terms of reference. The meeting strengthens ties between India and Australia in relation to renewable energy ambitions and manufacturing, with plans extending to critical mineral and solar manufacturing.
The Indian solar sector experienced major shifts in market share during 2022, driven by policy changes such as the implementation of basic customs duty on cells and modules and the introduction of an approved list of models and manufacturers, according to Mercom.
India will use its internal market to scale up hydrogen projects, with Germany as a possible export destination. As part of a broader strategy, the countries will collaborate on a financial and technological level on energy transition projects.
A new report from the South Asia Regional Energy Partnership (SAREP) of the United States Agency for International Development, better known as USAID, says India’s green hydrogen demand will reach 2.85 million metric tonnes (MMT) per year by 2030.
India’s Vivasvan Solar has designed a foldable solar structure mounted on a trolley. The system has mechanisms to prevent damage to the panels during transit and is especially useful for agricultural farms.
The structured bidding trajectory of India’s tenders will provide sufficient time for renewables developers to plan their finances, develop business plans, and manage the supply chain more efficiently, says Indian Power Minister R.K. Singh.
India could become the world’s second-largest solar manufacturer by 2026. It will also have a notable presence in all upstream components of PV production, such as cells, ingots/wafers, and polysilicon, according to a new report.
The Indian states of Rajasthan, Gujarat and Karnataka now account for more than 50% of the nation’s cumulative installed solar capacity.
The state-owned oil and gas major targets 200 GW of renewable energy capacity by 2050. It also plans to have around 2 million metric tonnes of green hydrogen capacity in its fold by 2050.
India’s Ministry of New & Renewable Energy has exempted solar projects from domestic content requirements if they are commissioned by March 31, 2024. The move provides developers with the flexibility to source modules at more cost-competitive rates, according to Indian ratings agency ICRA.
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