India

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.

The global agrivoltaics market is pegged at a 10.1% annual growth rate, according to a research note by Allied Analytics.

Adani (1,755 MW), NTPC (1,618 MW), and Avaada (1,383 MW) were the top developers by projects commissioned in 2022, according to Bridge To India’s latest report.

The budget signifies the government’s intent to drive domestic manufacturing of lithium battery cells as it waives customs duty on the import of machinery required for manufacturing these cells. It also continues with nil customs duty on critical inputs for solar manufacturing. The budget also aims to support large-scale battery storage projects through viability gap funding.