Solar News India May 2021 - 88% rise in solar installations

WWW.SOLAROCTA.COM
www.solarocta.com | +91-8851067914
MONTHLY NEWS
MAY- 2021 - EDITION

WWW.SOLAROCTA.COM
https://mercomindia.com/longi-jinko-adani-top-module-suppliers-2020/
In the calendar year (CY) 2020, the top ten
module suppliers accounted for nearly 68%
of the market share. LONGi Solar, Jinko Solar,
and Adani Solar were the top three module
suppliers to the Indian solar market in 2020
with 13%, 11%, and 9% of the market share,
respectively, according to Mercom’s recently
released report India Solar Market
Leaderboard 2021.

WWW.SOLAROCTA.COM
In the first quarter (Q1) of the calendar year (CY)
2021, India imported solar cells and modules
amounting to $259 million (~₹18.93 billion), a
132% increase compared to Q4 CY 2020. The
numbers are 72% higher than $150.57 million
(~₹10.83 billion) during the same period last year.
https://mercomindia.com/solar-imports-up-q1-2021-exports-show-drop-of-19/

WWW.SOLAROCTA.COM
The Ministry of New and Renewable Energy (MNRE)
has issued amendments for setting up 12 GW of solar
projects with viability gap funding (VGF) by central
public sector undertakings (CPSUs) for self-use or use
by government entities.
The total cost of the projects under this program is
estimated to be ₹480 billion (~$6.33 billion).
https://mercomindia.com/cpsu-program-12-gw-solar-amended-vgf-capped-%E2%82%B95-5-million/

WWW.SOLAROCTA.COM
BELECTRIC, engineering, procurement, construction
service provider, is building a 19.3 MW floating PV
project in Israel for EDF
Solar manufacturer LONGi has signed a framework
agreement with Engie Solar to accelerate the
transition towards a carbon-neutral world.

WWW.SOLAROCTA.COM
Sungrow, Huawei, and Sineng
Electric were the top solar inverter
suppliers to the Indian solar market in the
calendar year (CY) 2020, according
to Mercom’s recently released
report India Solar Market Leaderboard
2021.
https://mercomindia.com/sungrow-huawei-and-sineng-top-inverter-suppliers/

WWW.SOLAROCTA.COM
In the first quarter (Q1) of the calendar year (CY)
2021, the country generated about 17.5 BU of
solar power compared to 14.2 BU in the
previous quarter. The data shows that normalcy
was returning with solar generation higher than
the pre-COVID levels of Q1 2020.
https://mercomindia.com/solar-generation-q1-2021-up-23-previous-quarter/

WWW.SOLAROCTA.COM
https://energy.economictimes.indiatimes.com/news/renewabl
e/india-climbs-to-3rd-spot-on-ey-index-on-impressive-show-
by-solar-pv-segment/82767421
Energy Country Attractiveness Index due to an
exceptional performance on the solar
photovoltaic (PV) front.
Also, India's solar sector is expected to grow
significantly post the pandemic, with
generation from solar PV forecast to exceed
coal before 2040, EY said in a statement.

WWW.SOLAROCTA.COM
https://mercomindia.com/highview-power-2gwh-energy-storage-projects-in-spain/
Highview Power, a leading provider of long-
duration energy storage solutions, has
announced that it is developing long-duration
liquid air energy storage projects of up to 2 GWh
in Spain with an estimated investment of about
$1 billion (~₹73.14 billion).

WWW.SOLAROCTA.COM
https://mercomindia.com/central-electronics-1-75-million-multicrystalline-solar-cells/
Central Electronics Limited (CEL), a public
sector enterprise, has floated tenders for
1.75 million multicrystalline solar cells.
The tenders are for procuring 250,000
multicrystalline solar cells of wattage
capacity of a minimum of 4.52 W, 1.5
million multicrystalline solar cells of a
minimum of 4.68 W.

WWW.SOLAROCTA.COM
https://www.energetica-india.net/news/ciel--terre-installs-indias-largest-floating-solar-plant-in-tamil-nadu
French floating photovoltaic (PV) specialist Ciel
& Terre International’s Indian arm, Ciel & Terre
India, has successfully completed the
installation of a 14.7 MWp plant at a water
storage pond of petrochemicals major
Southern Petrochemical Industries Corporation
(SPIC) in Tamil Nadu.

WWW.SOLAROCTA.COM
https://mercomindia.com/daily-news-wrap-up-carbon-economy/
Members of the European Parliament have approved the Just
Transition Fund of €17.5 billion (~$21.37 billion) to help
regions relying mostly on fossil fuels and carbon-
intensive industries smoothly transition to a low-carbon
economy. For this, €7.5 billion (~$9.16 billion) comes from the
European Union’s (EU) budget for 2021-2027 and €10 billion
(~$12.21 billlion) from the EU Recovery Instrument

WWW.SOLAROCTA.COM
https://www.wsj.com/articles/softbank-sells-renewable-energy-unit-in-india-11621423025
SoftBank Group Corp. is selling its Delhi-based renewable-
energy unit to an Indian rival, a step that effectively pulls the
plug on what was once the world’s most ambitious solar
investor.
The unit has nearly five gigawatts of renewable-power assets in
India—mostly solar power—and is 80% owned by SoftBank,
with the remaining stake held by Indian conglomerate and
longtime SoftBank partner Bharti Group. Adani didn’t say how
much it was paying.

WWW.SOLAROCTA.COM
https://www.energetica-india.net/news/-rec-group-launches-fourth-generation-of-twinpeak-solar-panel
The latest REC TwinPeak features a new cell structure
design and higher power output than its predecessor.
Like all REC panels, it is eligible for the comprehensive
REC ProTrust warranty package. The REC TwinPeak 4
Series goes into production in May 2021 with
deliveries possible from July/August onwards.

WWW.SOLAROCTA.COM
https://www.pv-magazine.com/2021/05/17/indian-states-must-start-planning-for-utility-scale-battery-storage/
State-level efforts will be crucial for India to make rapid
progress in the uptake of utility-scale battery storage.
Specifically, states with large load centers, such as Maharashtra
and Rajasthan, will need to lead the way by making plans
for utility-scale battery storage systems, according to a new
report by the Institute for Energy Economics and Financial
Analysis (IEEFA).

WWW.SOLAROCTA.COM
https://mercomindia.com/stable-conducive-policies-critical-rooftop-solar/
Mercom recently held a virtual panel discussion on ‘C&I
Rooftop Solar – Best Shot at Reducing Operating
Expenses’ to understand how affordable and accessible
rooftop solar is despite the visible challenges.
The panelists discussed rooftop solar as an attractive
option for commercial and industrial units to reduce
operating expenses.

WWW.SOLAROCTA.COM
https://mercomindia.com/solar-cell-imports-from-china-vietnam-thailand-add/
The Ministry of Commerce and Industry
in an official statement has announced
that the Directorate General of Trade
Remedies (DGTR) has initiated an anti-
dumping probe on imports of solar cells
imported from China, Vietnam, and
Thailand.

WWW.SOLAROCTA.COM
https://mercomindia.com/cerc-approves-indias-third-power-exchange/
The Central Electricity Regulatory
Commission (CERC) has granted Pranurja
Solution Limited (PSL) registration right to
establish and operate a power exchange.
It would make PSL the third power
exchange in India after India Energy
Exchange (IEX) and Power Exchange India
(PXIL).

WWW.SOLAROCTA.COM
https://mercomindia.com/adb-to-discontinue-financing-coal-projects/
The Asian Development Bank (ADB),
under its draft energy policy, has
announced that it will discontinue
financing any new coal-fired capacity for
power and heat generation or any
facilities associated with new coal
generation

WWW.SOLAROCTA.COM
https://mercomindia.com/indian-energy-exchanges-revenues-up-by-20-yoy-2021/
The Indian Energy Exchange’s (IEX)
revenue in financial year (FY) 2021
was up by nearly 20% and stood at
₹3.56 billion (~$48.48 million)
compared to ₹2.97 billion (~$40.45
million) in the previous year. According
to the company’s financial statement,
the increase in revenues can be
attributed to the 41% increase in
transaction revenue.

WWW.SOLAROCTA.COM
https://www.pv-magazine.com/2021/05/14/indian-government-approves-scheme-to-support-storage/
The Union Cabinet chaired by Indian Prime
Minister Narendra Modi has approved an extension
of the national production-linked incentive (PLI)
scheme to include advanced battery storage
manufacturing.
The scheme, with an outlay of INR18100 crore ($2.5
billion), will incentivize global and domestic
companies to build 50 GWh of cumulative advanced
chemistry cell (ACC) capacity and 5 GWh of “niche”
ACC production facilities in India

WWW.SOLAROCTA.COM
https://www.energetica-india.net/news/vikram-solar-commissions-85-mw-solar-project-for-ntpc-in-up
The 85 MW solar photovoltaic (PV) project has
been spread across 400 acres of land, used
about 3.5 lakh solar modules and includes a
33/132 kV switchyard. The expected energy
yield of this project in Uttar Pradesh (UP) is 200
million units (MU). The plant is expected to
reduce 4.57 tonnes of CO2 and can power
88,905 houses per year.

WWW.SOLAROCTA.COM
https://swarajyamag.com/insta/make-in-india-renew-power-to-set-up-solar-cell-
module-manufacturing-unit-in-gujarats-dholera-with-rs-2000-crore-investment
March 2020, ReNew had a total operational renewable
energy capacity of 5,400 megawatts (MWs) with a
further 4,500 MWs of capacity under construction.
The company had earlier this year listed on United
States (US)’ NASDAQ through a special purpose
acquisition company (SPAC) merger with RMG
Acquisition Corp II at a valuation of $8 billion.

WWW.SOLAROCTA.COM
https://mercomindia.com/solar-wind-generated-9-4-world-electricity-2020/
The strong growth in wind and solar power capacity additions
in 2020, despite the pandemic, resulted in a record fall in coal
power globally, according to the climate and energy think
tank Ember. Ember has released a report, Global Electricity
Review 2021, which gives an account of the electricity data
from around the world.

WWW.SOLAROCTA.COM
https://mercomindia.com/molecular-glue-boosts-efficiency-cells/
In a step toward improving the long-term
reliability of perovskite solar cells, a
research team at Brown University has
devised a molecular glue that keeps a key
interface inside cells from degrading.

WWW.SOLAROCTA.COM
https://mercomindia.com/longi-jinko-adani-top-module-suppliers-2020/
In the calendar year (CY) 2020, the top ten module
suppliers accounted for nearly 68% of the market
share. LONGi Solar, Jinko Solar, and Adani Solar were the
top three module suppliers to the Indian solar market in
2020 with 13%, 11%, and 9% of the market share,
respectively, according to Mercom’s recently released
report India Solar Market Leaderboard 2021.

WWW.SOLAROCTA.COM
https://mercomindia.com/solar-imports-up-q1-2021-exports-show-drop-of-19/
In the first quarter (Q1) of the calendar year (CY) 2021, India
imported solar cells and modules amounting to $259 million
(~₹18.93 billion), a 132% increase compared to Q4 CY 2020.
The numbers are 72% higher than $150.57 million (~₹10.83
billion) during the same period last year.

WWW.SOLAROCTA.COM
The Ministry of Commerce and Industry in an
official statement has announced that the
Directorate General of Trade Remedies (DGTR)
has initiated an anti-dumping probe on imports
of solar cells imported from China, Vietnam,
and Thailand.

WWW.SOLAROCTA.COM
https://mercomindia.com/mnre-commissioning-date-extension-renewable-projects/
Giving relief to solar developers amid the Covid-19 crisis, the
Ministry of New and Renewable Energy (MNRE), in its latest
notification, has stated that the renewable energy projects
having their commissioning dates on or after April 1, 2021, can
claim extension owing to the second surge of the Covid-19
pandemic.

WWW.SOLAROCTA.COM
https://mercomindia.com/renewables-40-share-power-investments-mena-2025/
In a recently published report, the Saudi Arabia-based Arab
Petroleum Investments Corporation (APICORP) has predicted
that the Middle East and North Africa (MENA) energy sector
will receive investments worth $805 billion over the next five
years.

WWW.SOLAROCTA.COM
https://mercomindia.com/department-of-atomic-energy-issues-
om-tender-for-a-12-mw-solar-project/
The Department of Atomic Energy (DAE), India,
has issued tender for operation & maintenance
(O&M) of a 12 MW solar project at a heavy
water plant in Manuguru, Telangana.
The last date for online submission of tender is
June 8, 2021. The e-tendering will be conducted
through a two-bid system.

WWW.SOLAROCTA.COM
https://www.pv-magazine.com/2021/05/20/indias-utility-scale-solar-installations-fell-by-39-in-fiscal-2021/
India added about 3.5 GW of new utility-scale solar capacity in the 12 months of fiscal
2020-21 (April 1, 2020, to March 31, 2021), or about 39% less than in fiscal 2019-20.
According to JMK Research, lockdowns imposed across several states could lead to a
shortage of labor and interruptions in equipment supplies. This could in turn delay the
commissioning of nearly 3 GW to 4 GW of solar and wind projects.

WWW.SOLAROCTA.COM
https://www.energetica-india.net/news/chinas-first-carbon-neutral-gas-station-goes-operational-by-sinopec
China Petroleum & Chemical Corporation (Sinopec)-built Jiaze Gas Station in Jiangsu
Province has now become China’s first gas station to achieve carbon neutrality as its
distributed photovoltaic (PV) power generation project becomes operational..
In next 5 years, the company is planning to setup 7,000 solar power generation stations,
and Sinopec Jiangsu Oilfield Company plans to build 900 carbon-neutral gas stations

WWW.SOLAROCTA.COM
https://mercomindia.com/madhya-pradesh-tender-270-mw-solar-kusum/
The Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has
invited bids to set up 270 MW of grid-connected solar power
projects of capacity 500 kW to 2 MW under Component A of
the Pradhan Mantri Kisan Urja Suraksha evam Utthan
Mahabhiyan (PM KUSUM) program.
The power generated from the projects will be sold to Madhya
Pradesh Power Management Company Limited (MPPMCL).

WWW.SOLAROCTA.COM
https://m.economictimes.com/industry/renewables/solar-powers-decade-of-falling-costs-is-
thrown-into-reverse/articleshow/82899951.cms
Solar module prices have risen 18% since the start of the year after
falling by 90% over the previous decade. The reversal, fueled by a
quadrupling in the cost of the key raw material polysilicon, threatens
to delay projects and slow uptake of solar power just as several major
governments are finally throwing their weight behind it in an effort to
slow climate change.
In India, about 10 gigawatts of projects may be impacted, equivalent to
more than a quarter of the country’s current capacity

WWW.SOLAROCTA.COM
https://mercomindia.com/torrent-power-total-income-up/
As per the financial statement company repotred
income of ₹13 billion (~$177.61 million) in the
financial year (FY) 2021, up by 13% compared to
₹11.5 billion (~$157.11 million) in during the same
period last year.
The total income stood at ₹4.08 billion (~$55.74
million) in the fourth quarter (Q4) of 2021, up by 41%
compared to ₹2.9 billion (~$39.62 million) in Q4 FY
2020.

WWW.SOLAROCTA.COM
https://twitter.com/ians_india/status/1397133327727951875?s=20

WWW.SOLAROCTA.COM
https://www.pv-magazine.com/2021/05/25/india-could-have-2-95bn-tons-of-solar-waste-by-2047 /
The 2.95 billion tons of PV system waste would include critical
metals worth around $645 trillion, of which around 70% – $452
trillion worth – could be recycled.
The academics said gold would account for 44% of that $645
trillion figure, with aluminum supplying 26%, copper 16%, and
silver 10%. Metals including gallium, magnesium, indium, and
tellurium would also contribute to the estimated value of the
anticipated solar waste mountain, according to the paper.

WWW.SOLAROCTA.COM
https://mercomindia.com/tata-
power-epc-contract-40-mw-solar-
nhpc/
NHPC Limited has awarded the engineering, procurement, and
construction (EPC) contract to Tata Power Solar Systems to develop a
40 MW solar project in the Ganjam district of Odisha. As per the BSE
filing, the total estimated value of the contract is ₹1.88 billion
(~$25.76 million). Grid Corporation of Odisha will procure the power
generated from the project for 25 years – the entire lifecycle of the
project.

WWW.SOLAROCTA.COM
https://mercomindia.com/uncertainty-surrounds-safeguard-duty-after-july-2021/
The crucial duty of protecting domestic solar cell and module
manufacturers in India against imports from China PR, Thailand, and
Vietnam is set to end on July 29, 2021. Until the basic customs
duty starts from April 1, 2022, a nine-month no-duty period has the
manufacturers concerned.
The 25% safeguard duty, announced on July 30, 2018, was imposed on solar
cell and module imports from China and Malaysia. The duty of 25% for the
first year was phased down from the second year, with the rate reduced by
5% every six months until it ended in July 2020

WWW.SOLAROCTA.COM
https://mercomindia.com/seci-issues-tender-1-2-gw-of-ists-wind-projects/
The Solar Energy Corporation of India (SECI) has issued a tender
for setting up of 1,200 MW interstate transmission system
(ISTS)-connected wind power projects (Tranche-XI) in the
country.
The last date to submit the bids is July 6, 2021, and bids will be
opened on July 9. The pre-bid meeting will take place on June 3.

WWW.SOLAROCTA.COM
https://mercomindia.com/ireda-invites-bids-to-set-up-solar-module-manufacturing-capacities-under-pli-program/
Manufacturers setting up any solar production facilities will be eligible for applying
for the incentive under the program. The interested party has to ensure the
manufacturing capacities achieve the minimum level of integration of cells and
modules, meet the minimum manufacturing capacity requirements, and follow the
minimum threshold performance parameters of module efficiency as per the
program guidelines.
The last date to submit the bids is June 30, 2021, and bids will be opened on July 1.

WWW.SOLAROCTA.COM
https://mercomindia.com/india-solar-installations-up-q1-2021/
India added 2,056 MW of solar in the first quarter (Q1) of 2021, a 37%
increase quarter-over-quarter (QoQ), compared to 1,505 MW installed
in the fourth quarter of 2020. These findings were revealed in Mercom
India Research’s latest Q1 2021 India Solar Market Update.
Solar installations in Q1 2021 were up by 88% year-over-year (YoY)
compared to 1,090 MW added during the same period last year. Solar
capacity additions in India in Q1 2021 were the highest in a quarter
since Q3 2019.

WWW.SOLAROCTA.COM
https://twitter.com/ians_india/status/1397478674044051456?s=20

WWW.SOLAROCTA.COM
https://mercomindia.co
m/electricity-regulators-
measures-reduce-retail-
tariff/
In a recent meeting, the Forum of Regulators discussed factors affecting the cost
of power and stressed the need to analyze and evolve measures to reduce or
contain the retail tariff.
The Forum considered the data from 12 states-Andhra Pradesh, Assam, Bihar,
Gujarat, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Odisha,
Uttar Pradesh, and Uttarakhand. Cumulatively, these states account for 50% of
the total energy consumed in the country..

WWW.SOLAROCTA.COM
https://mercomindia.com/renew
able-hydrogen-action-plan/
The Center for Sustainable Infrastructure (CSI) and the Renewable
Hydrogen Alliance have jointly released the Pacific Northwest
Renewable Hydrogen Action Plan, which offers a strategic agenda
for policy, projects, and research to scale up renewable hydrogen
production and use in the region. The project aims to benefit both the
economy and the environment

WWW.SOLAROCTA.COM
https://mercomindia
.com/daily-news-
wrap-up-australia/
The research mission will help drive down the cost of hydrogen
production to under $2/kg, making the fuel more affordable and
helping Australia lead world exports in hydrogen by 2030. Over
the next five years, more than 100 projects worth $68 million
have been planned by partners including the Department of
Industry, Science,

WWW.SOLAROCTA.COM
https://mercomindia.com/central-electronics-tenders-multicrystalline-solar/
The cells must be 156.75 x 156.75 mm ± 0.25mm or
157x 157 mm or ± 0.25 in dimension. They must be
five bus bars in length and 200 ± 20 microns in
thickness.
The last date to submit the bids is June 2, 2021,
while the bids will be opened on the same day.

WWW.SOLAROCTA.COM
Thanks– THE END
MONTHLY NEWS
MAY 2021

Solar News India May 2021 - 88% rise in solar installations

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Solar News India May 2021 - 88% rise in solar installations

Similar to Solar News India May 2021 - 88% rise in solar installations (20)

Recently uploaded

Recently uploaded (20)

Solar News India May 2021 - 88% rise in solar installations