Allegations of fraud at Indian conglomerate Adani Group, which have knocked around US$125 billion off its market value since January, are unlikely to cause any perceptible damage to India’s long-term solar growth, according to two prominent members of the industry.
Clean energy researcher Bridge To India has released its “Solar Map 2022” report, displaying the state of the Indian solar market as of December last year. The infographic report shows that state-by-state solar deployments continued to be inconsistent and that domestic module and cell supply accounted for far less capacity than imports, though overall installments still remain impressive.
The Commercial and Industrial (C&I) renewables market in India is expected to grow by 47GW over the next five years, as policy tailwinds and decarbonisation targets spur growth.
As reports come in predicting stunted growth for Indian solar in 2023, PV Tech Premium spoke to Vinay Rustagi, managing director of Bridge To India, about the obstacles facing the sector in the next year and the prospect of light at the end of the tunnel.
India has undershot its 2022 renewable energy target by 30% amidst solar module supply shortages, according to research by renewables consultancy Bridge To India.
Indian solar importers will no longer be permitted to defer payment of the country’s basic customs duty (BCD) following a new order from tax authorities.
India’s expanded production-linked incentive (PLI) scheme for solar manufacturing could be altered to encourage more domestic PV players to participate.
India added more than 10GW of solar PV in 2021 as the country hit a cumulative installed solar capacity of 49GW by the end of the year, according to research firm Mercom India Research's latest update on India’s solar sector.
India added around 11.1GW of solar capacity from January to November, which is a 249% jump on installations for the same period last year, bringing its installed renewables capacity to roughly 104GW, according to research by JMK Research
