Factors like a labour shortage and proposed duties on module imports could lead to significant cost overruns for Indian developers.
A report by the Institute for Energy Economics and Financial Analysis says there is plenty of investment capital available for Indian renewables, despite pandemic disruption.
With biodiversity concerns and social impacts such as arguments over the loss of agricultural land delaying projects, non-profit The Nature Conservancy India has published a report to help developers choose their locations more carefully and get India’s energy transition back on track.
The state, which is aiming to hit 2.2 GW of solar within two years, has received a Solar Energy Corporation of India proposal for 500 MW of floating project capacity even as it approves a 40 MW water-borne array put forward by the national solar body. The 500 MW suggested comes on top of a similar scale of floating PV planned across the state by public hydropower company NHPC.
Indian PV manufacturers have highlighted the need to find alternative supply chains and to push automation and Internet of Things applications on the factory floor, in order to keep production running amid raw material and labor shortages.
The Indian authorities will award a ground-mounted, grid-connected turnkey solar+storage project via an international competitive bidding process, followed by a reverse auction. Bidding closes on Oct. 27.
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