In the second part of a two-part blog series, Clean Energy Associates’ Joseph C. Johnson examines just how long volatility in polysilicon pricing can continue.
Softbank Vision Fund (SBVF) and GCL Group holding company have signed a memorandum of understanding (MoU) to launch a US$930 million joint venture in the Indian state of Andhra Pradesh, primarily to manufacture PV ingots, wafers, solar cells and modules.
Aiming to make its local solar manufacturers competitive on the global stage, the Indian government has proposed direct financial support of INR110 billion (US$1.7 billion) and a 12GW allocation of public sector tenders mandated to include locally sourced PV equipment.
Some of the industry is at loggerheads and many feel local manufacturing must be intrinsic to the 100GW by 2022 solar target, but the value of trade duties is under dispute.
India has sanctioned plans to implement 10 ‘Solar Zones’ each consisting of at least 10,000 hectares of land to encourage solar PV project developers, manufacturers and investors to help achieve the country’s massive 100GW by 2022 solar targets.
