Solar installations plunged 52% in Q2 2018; price fluctuations, uncertainties around trade cases impact growth: Report
6 years, 6 months ago

Solar installations plunged 52% in Q2 2018; price fluctuations, uncertainties around trade cases impact growth: Report

Firstpost  

According to Mercom India Research’s Q2 2018 India Solar Market Update, the installations stood at 3,344 MW during the first quarter. New Delhi: Solar installations in India plunged 52 percent to 1,599 MW during the second quarter of 2018, mainly due to uncertainties around trade cases and module price fluctuations, says a report. “The drop in solar installations in Q2 2018 after four consecutive quarters of growth was expected and can be attributed to uncertainties around trade cases, module price fluctuations, and PPA renegotiations after record low bids, which contributed to a slowdown in tenders and auctions in 2017. Mercom India Research is also forecasting solar installations of approximately 8.3 GW in 2018 with some upside, if the fourth quarter commissionings stay on schedule.

India 2018 Solar Quarter Installations Solar Installations Price Fluctuations Mercom India Research Trade Cases  installations  india  safeguard  2018  second  solar  quarter  market  mw  plunged  module  report  growth  uncertainties  q2  impact  trade  price

History of this topic

Let there be light: These five stocks are poised to benefit from India’s $1 billion solar push
2 weeks, 2 days ago

Let there be light: These five stocks are poised to benefit from India’s $1 billion solar push

Live Mint  

India is ramping up its efforts to break China's dominance in the solar supply chain with a $1 billion capital subsidy plan that’s aimed at boosting domestic manufacturing of wafers and ingots— critical components in solar panel production. While it doesn’t yet manufacture ingots and wafers yet, Waaree is developing a 6 GW integrated facility in Odisha to produce ingots, …

700% rally in five years! Solar Industries share price edge higher ₹239 crore defence order
3 weeks, 1 day ago

700% rally in five years! Solar Industries share price edge higher ₹239 crore defence order

Live Mint  

Shares of Solar Industries edged higher in intra-day trade on Tuesday, March 4, after securing a significant order from the Ministry of Defence. Solar Industries announced that its wholly owned subsidiary, Solar Defence and Aerospace, has signed a contract worth ₹239 crore with the Ministry of Defence, Government of India, for the supply of multi-mode hand grenades. Stock Price Trend …

Solar Industries India bags ₹2,150 crore defence supply export order
3 weeks, 5 days ago

Solar Industries India bags ₹2,150 crore defence supply export order

Live Mint  

Defence equipment manufacturer Solar Industries India Limited announced that the firm has secured a ₹2,150 crore international defence supply export order, according to the exchange filing on Friday, February 28. “We are pleased to share that our Company Solar Industries India Limited and its subsidiary have received export orders worth INR 2150 Crores for Supply of Defence Products, to be …

Premier Energies share price reverses gains, tanks 15% from day’s high
1 month, 3 weeks ago

Premier Energies share price reverses gains, tanks 15% from day’s high

Live Mint  

Shares of Premier Energies, India’s second-largest integrated manufacturer of solar cells and modules, dropped sharply from their intraday high, declining 15% to hit a day's low of ₹997 per share. Kotak Securities also highlighted that the company's order inflow momentum was extremely strong in 3QFY25, with Premier securing ₹22.4 billion worth of orders during the quarter. Pause on U.S. expansion …

Waaree Energies share price soars 14% after net profit jumps 260% in Q3
1 month, 3 weeks ago

Waaree Energies share price soars 14% after net profit jumps 260% in Q3

Live Mint  

Stock market today: Shares of Waaree Energies, one of India's leading renewable energy companies, rose by 14% in early morning trade on January 31, reaching ₹2,505, following the release of the company's December quarter performance, which exceeded Street estimates. The company's primary source of revenue, from Solar Photovoltaic modules, rose 122% to ₹3,108 crore in the October to December quarter, …

Why Waaree Energies’ meteoric rise has hit a wall
1 month, 3 weeks ago

Why Waaree Energies’ meteoric rise has hit a wall

Live Mint  

After a blockbuster debut on the BSE in October 2024, when its shares listed at a 69.66% premium, Waaree Energies has seen its performance falter dramatically. Intensifying competition While Waaree Energies leads the pack in India’s solar module manufacturing, it operates in an intensely competitive landscape both domestically and globally. Globally, Waaree also faces competition from Chinese manufacturers like Longi …

Budget 2025 preview — Part 1: Fiscal deficit, FDI, disinvestment, energy issues
2 months, 3 weeks ago

Budget 2025 preview — Part 1: Fiscal deficit, FDI, disinvestment, energy issues

Live Mint  

Foreign direct investment inflows into India—investments by foreign entities in domestic businesses—hold the potential to transform the economy. Fiscal deficit: Tax buoyancy holds the key to managing deficits India introduced the Fiscal Responsibility and Budget Management Act in 2003, targeting a fiscal deficit—the gap between government spending and revenue—of 3% of GDP. In 2022-23, the last year for which actual …

Budget 2025 preview — Part 1: Fiscal deficit, FDI, disinvestment, energy issues
2 months, 3 weeks ago

Budget 2025 preview — Part 1: Fiscal deficit, FDI, disinvestment, energy issues

Live Mint  

Foreign direct investment inflows into India—investments by foreign entities in domestic businesses—hold the potential to transform the economy. Fiscal deficit: Tax buoyancy holds the key to managing deficits India introduced the Fiscal Responsibility and Budget Management Act in 2003, targeting a fiscal deficit—the gap between government spending and revenue—of 3% of GDP. In 2022-23, the last year for which actual …

Centre sets June ‘26 deadline for solar companies to adopt India-made solar cells
3 months ago

Centre sets June ‘26 deadline for solar companies to adopt India-made solar cells

The Hindu  

In a step towards discouraging foreign imports of components used in solar panel manufacturing, the Ministry of New and Renewable Energy has set a deadline of June ‘26, after which solar companies must use only India-made solar photovoltaic cells in their panels to participate in government procurement programmes. “With installed capacity of solar PV cells in the country expected to …

Solar cell-making capacity to multiply fourfold to 47 gw by mid-2027
3 months, 1 week ago

Solar cell-making capacity to multiply fourfold to 47 gw by mid-2027

New Indian Express  

MUMBAI: The recent government move to extend the approved lists of models and manufacturers to solar cells from June 2026 will accelerate the development of domestic solar cell manufacturing, leading to the domestic capacity more than quadrupling to 43-47 gw by June 2026 from 10 gw in March 2024, but provided timely execution. Average annual demand is expected to be …

Data dive: Dark clouds hover over India’s solar story
3 months, 1 week ago

Data dive: Dark clouds hover over India’s solar story

Live Mint  

Recent charges of bribery by a US government agency against the Adani Group and its leadership have cast an unexpected spotlight on the Solar Energy Corporation of India—until now a relatively unknown company run by the central government. Solar’s share of electricity generated from renewable sources has Widening gap Of the 66 GW of solar power capacity installed as of …

Waaree Energies earnings: A reality check as listing euphoria fades
4 months ago

Waaree Energies earnings: A reality check as listing euphoria fades

Live Mint  

The half-year ended earnings of recently listed Waaree Energies Ltd, the largest solar module manufacturer in India, came as a rude shock to investors. Gross margin saw a sharp year-on-year improvement of 390 basis points to 25.3% as raw material cost or the cost of solar cells eased. The management anticipates a bump-up of about 200-300 bps in Ebitda margin …

India's Solar Imports to Soar to $30B by 2030
5 months ago

India's Solar Imports to Soar to $30B by 2030

Deccan Chronicle  

India's solar imports could surge to $30B by 2030 due to the country's reliance on imports. The country installed 15 GW of solar capacity in FY 2024, raising the total capacity to 90.8 GW by September 2024. However, to meet its 2030 goal of 500 GW in renewable energy, India needs to add 65-70 GW each year. India needs to …

Rising domestic solar cell production will curb imports from China
9 months ago

Rising domestic solar cell production will curb imports from China

Hindustan Times  

India expects a surge in domestic solar cell-making capacity in the coming months, which will help reduce its dependence on imported materials from China to manufacture solar panels, the country’s top renewable energy official said. A private security guard walks between rows of photovoltaic solar panels inside a solar power plant at Raisan village near Gandhinagar, Gujarat The nation’s cells …

The ‘import restrictions’ on solar PV cells | Explained
11 months, 2 weeks ago

The ‘import restrictions’ on solar PV cells | Explained

The Hindu  

The story so far: Recent government orders on attempts to increase local sourcing of solar modules to support India’s renewables manufacturing ecosystem has been widely reported in the media as ‘import restrictions’. India’s domestic renewables sector, at the time, was unlikely to meet the spike in demand for solar power production equipment at rates offered by Chinese manufacturers. According to …

Will new solar power rules boost production? | Explained
11 months, 2 weeks ago

Will new solar power rules boost production? | Explained

The Hindu  

The story so far: To incentivise India’s solar module manufacturing industry, the Ministry of New and Renewable Energy has brought into effect from April 1 an executive order, The Approved Models and Manufacturers of Solar Photovoltaic Modules Order, 2019. This became necessary because India’s solar industry, its claim of indigenousness notwithstanding, is heavily reliant on imports of cheaper and comparable-quality …

Battery manufacturer Luminous opens solar panel factory with 250 MW production capacity
11 months, 3 weeks ago

Battery manufacturer Luminous opens solar panel factory with 250 MW production capacity

New Indian Express  

NEW DELHI: Luminous Power Technologies, an energy storage solutions company, inaugurated its solar panel factory in Uttarakhand on Thursday with a production capacity of 250 MW, expandable up to 1 GW. The plant, spread over 10 acres in Rudrapur, Uttarakhand, will be fully automated and equipped with the latest solar module manufacturing technologies, the company said. “The Solar Panel Factory …

A sunshine initiative: The Hindu Editorial on the government’s rooftop solar panel plan
1 year, 1 month ago

A sunshine initiative: The Hindu Editorial on the government’s rooftop solar panel plan

The Hindu  

Finance Minister Nirmala Sitharaman’s interim Budget day speech reiterated a plan by Prime Minister Narendra Modi to supply power to one crore households in the country using rooftop solar panels. What is known so far is that households that have a monthly electricity consumption of less than 300 units a month will be able to install a mid-sized system with …

India’s renewable energy sector likely to add 45 GW by 2025: Report
1 year, 8 months ago

India’s renewable energy sector likely to add 45 GW by 2025: Report

Live Mint  

New Delhi: India’s renewable energy sector is poised for a major expansion, with projections suggesting an increase of around 45 gigawatts by the fiscal year 2025, according to a report from CareEdge Ratings. CareEdge anticipates annual additions to the renewable energy capacity to oscillate between 20 and 25 GW over the upcoming two fiscal years, driven by a robust pipeline …

India plans to export solar power: official
2 years, 1 month ago

India plans to export solar power: official

The Hindu  

By 2026, Indian industry will be able to manufacture solar modules worth 100 gigawatts annually, and help the country be a net exporter of solar power. The future phase of India’s renewable energy development will be led by hybrid projects and renewable energy parks that will host solar and wind projects along with battery storage systems. The travails of the …

With ₹19,500-crore PLI plan, sun shines on solar cell units
2 years, 6 months ago

With ₹19,500-crore PLI plan, sun shines on solar cell units

The Hindu  

The Union Cabinet on Wednesday cleared a ₹19,500-crore scheme to incentivise manufacturing of domestic solar cell modules to reduce the industry’s reliance on China-made panels. Officials from the Ministry of New and Renewable Energy, the nodal body charged with administering the programme, estimate manufacturing capacity worth 65,000 MW of fully and partially integrated, solar PV modules to be installed over …

India adds record 7.2 GW solar capacity in Jan-Jun 2022, says Mercom India
2 years, 7 months ago

India adds record 7.2 GW solar capacity in Jan-Jun 2022, says Mercom India

Firstpost  

The sector witnessed the highest ever quarterly and half-yearly solar capacity additions and India’s cumulative installed solar capacity now stands at 57 GW New Delhi: Solar capacity installations in the country rose by 59 per cent to record 7.2 gigawatt during first half of 2022, according to Mercom India Research. In January-June or H1 of 2021, the country had added …

Hits and misses: India’s solar power energy targets
2 years, 11 months ago

Hits and misses: India’s solar power energy targets

The Hindu  

The story so far: A report, jointly prepared by two energy-research firms — JMK Research and Analytics and the Institute for Energy Economics and Financial Analysis — says India will likely miss its 2022 target of installing 100 gigawatts of solar power capacity. As of December 2021, the cumulative solar installed capacity of India is 55GW, which is roughly half …

India may miss its 300 GW solar energy target for 2030: Report
2 years, 11 months ago

India may miss its 300 GW solar energy target for 2030: Report

Hindustan Times  

NEW DELHI: India is likely to miss its solar energy target of 300 GW for 2030 by around 86 GW, a new report by the Institute for Energy Economics and Financial Analysis and JMK Research said on Tuesday. As of December 2021, India’s cumulative installed solar capacity was 55 GW, with grid-connected utility-scale projects contributing 77%, and the rest coming …

India likely to miss year’s solar capacity target
2 years, 11 months ago

India likely to miss year’s solar capacity target

The Hindu  

India is likely to miss its 2022 target of installing 100 gigawatts of solar power capacity, largely due to inadequate uptake of rooftop solar, according to a report by JMK Research and the Institute for Energy Economics and Financial Analysis. As of December 2021, India’s cumulative installed solar capacity was 55GW, with grid-connected utility-scale projects contributing 77% and the rest …

Domestic solar equipment makers flag low capacity utilisation, seek government intervention
3 years ago

Domestic solar equipment makers flag low capacity utilisation, seek government intervention

The Hindu  

The All India Solar Industries Association has urged the government to intervene amid concerns that solar equipment manufacturing units were operating at 30% capacity due to massive imports by traders from China. In a letter to Power Minister R.K. Singh, the representative association for domestic solar equipment makers said: “Having been hopeful of revival for the last decade and survived …

India seeks to add to its solar cell, module manufacturing
3 years, 1 month ago

India seeks to add to its solar cell, module manufacturing

Live Mint  

The government plans to create an additional domestic solar equipment manufacturing capacity of 25 gigawatts each of solar cells and modules, and 10GW of wafers by April 2023, said two government officials aware of the matter. The manufacturing push comes ahead of India’s plan to impose a basic customs duty of 40% on modules and 25% on solar cell imports …

The dark side of India’s solar gamble
3 years, 11 months ago

The dark side of India’s solar gamble

Live Mint  

SINGAPORE/CHENNAI : In December, news reports indicated that the ministry of new and renewable energy had proposed a 20% basic customs duty on solar module and cell imports. According to a 2017 World Intellectual Property Organisation working paper, China’s share of global manufacturing capacity in the different segments of solar energy generation was 81% in ingots, 84% in wafers, 66% …

Solar Power Tariff Drops to All-time Low of Rs 1.99/unit
4 years, 3 months ago

Solar Power Tariff Drops to All-time Low of Rs 1.99/unit

News 18  

Solar power tariff has dropped to an all-time low of Rs 1.99 per unit in an auction of projects of 500 MW capacity by Gujarat Urja Vikas Nigam Ltd last week. “Now the solar power tariff has dropped to a new low of Rs 1.99 per unit in an auction for 500MW projects by GUVNL last week,” a source told …

India’s solar power tariffs hit a new record low of ₹2 per unit
4 years, 4 months ago

India’s solar power tariffs hit a new record low of ₹2 per unit

Live Mint  

New Delhi: India’s solar power tariffs hit a new record low of Rs2 per unit on Monday during a bid conducted by state run Solar Energy Corporation of India Ltd, said a government official aware of the development. Saudi Arabia’ Aljomaih Energy and Water Company and Singapore headquartered Sembcorp’s India arm’ Green Infra Wind Energy Ltd. placed the winning bids …

Solar power tariff hits new low of ₹2.36/unit
4 years, 8 months ago

Solar power tariff hits new low of ₹2.36/unit

Live Mint  

New Delhi: India’s solar power tariffs hit a record low of Rs2.36 per unit during a bid conducted by state run Solar Energy Corporation of India Ltd. According to government officials, the lowest bid was placed by Spain’ Solarpack Corporación Tecnológica, S.A., with Italy's Enel Group’ Avikaran Surya India Private Ltd, Canadian firm’ AMP Solar Group’s India unit—AMP Energy Green …

India's renewable energy sector might fail to meet its 175 GW target by 2022: CSE report
5 years, 1 month ago

India's renewable energy sector might fail to meet its 175 GW target by 2022: CSE report

Firstpost  

The stagnation in the sector is caused by auctions and power purchase agreements to rising costs and payment delays. India’s renewable energy sector seems to be losing steam and may find it tough to meet its 175 gigawatts target by 2022, even as its total capacity reached almost 86 GW by December 2019, claimed a new report released on Tuesday. …

At $20 billion in 2018, India’s green energy investments surpassed thermal power
5 years, 8 months ago

At $20 billion in 2018, India’s green energy investments surpassed thermal power

Live Mint  

New Delhi: In what is being marked as a turning point for India’s green economy, investments in the country’s renewable energy sector doubled over the last five years to around $20 billion in 2018, surpassing the capital expenditure in the thermal power sector, according to a study. The joint study by Paris-based International Energy Agency and Council on Energy, Environment …

Budget 2019: Industry body calls for raising export incentives for solar module manufacturers
5 years, 8 months ago

Budget 2019: Industry body calls for raising export incentives for solar module manufacturers

India Today  

Raising concerns over the survival of solar modules manufacturers, the All India Solar Industries Association in its pre-Budget recommendations has called for providing incentives, such as subsidies for power, capital, interest and depreciation to the industry as well as allowing duty-free import of manufacturing equipment. The association recommended raising export incentives from 2 per cent to at least 10 per …

India unlikely to achieve 100-GW solar power target of 2022; long-term development remains positive
6 years, 1 month ago

India unlikely to achieve 100-GW solar power target of 2022; long-term development remains positive

Firstpost  

Wood Mackenzie said India’s power sector is going through substantial changes with the government focusing on attaining ‘power for all’ and restructuring distressed distribution companies and power plants. New Delhi: India is unlikely to achieve its target of 100 gigawatt solar electricity capacity as it faces short-term uncertainty due to imposition of various taxes, research and consultancy firm Wood Mackenzie …

Strong energy policies could help establish India as a leader in renewable energy
6 years, 1 month ago

Strong energy policies could help establish India as a leader in renewable energy

Firstpost  

With all the progress that India has made in renewables, the bigger picture isn’t all that rosy. Unhelpful policies Policies in some areas — a new safeguard duty on imported solar panels, for instance — have made energy companies in India uncertain about breaking new ground. This, according to a report by renewable energy consultancy firm Bridge to India, brought …

Solar projects worth Rs 28,000 cr face viability risk on falling rupee, says Crisil report
6 years, 4 months ago

Solar projects worth Rs 28,000 cr face viability risk on falling rupee, says Crisil report

Firstpost  

Mumbai: Nearly half of the solar power capacities under implementation, worth Rs 28,000 crore, face viability risk because of the continuous fall in the rupee, which has made imported solar modules costlier and increased the cost of setting up solar plants, Crisil said on Monday. According to the rating agency, these Rs 28,000 crore worth of solar power capacities include …

India defers largest global solar tender on bidders concerns
6 years, 5 months ago

India defers largest global solar tender on bidders concerns

Live Mint  

Ahmedabad/New Delhi: State-run Solar Energy Corporation of India on Thursday deferred a tender for 10,000 megawatts of solar power till 12 October on bidders request for extending time for securing tie-ups for domestic manufacturing and completing ongoing negotiations for sourcing modules at better prices. The efforts is aimed at further lowering the country’s solar power tariffs and provide a boost …

Solar installations in India down 52% in second quarter of 2018: report
6 years, 6 months ago

Solar installations in India down 52% in second quarter of 2018: report

Live Mint  

New Delhi: Solar installations in India plunged 52% to 1,599 MW during the second quarter of 2018, mainly due to uncertainties around trade cases and module price fluctuations, says a report. According to Mercom India Research’s ‘Q2 2018 India Solar Market Update’, the installations stood at 3,344 MW during the first quarter. Cumulative solar installed capacity totalled 24.6 GW at …

Opinion: Let China pay for India’s solar push
6 years, 7 months ago

Opinion: Let China pay for India’s solar push

Live Mint  

It is a well-known fact that China’s solar sector is highly subsidized. However, India’s current production of solar cells and modules is much less sophisticated and not competitive enough to replace the Chinese product. This is why an import tax on solar cells ironically undermines India’s own magic formula for the energy transition: an effective carbon emissions reduction along with …

The mismatch between tariffs and costs in the Indian solar sector
6 years, 8 months ago

The mismatch between tariffs and costs in the Indian solar sector

Live Mint  

Auctions are aimed at bringing out the most competitive bids. Now we have revised that to a 34% drop, to an end-2018 global average of 24.4 U.S. cents per watt,” Pietro Radoia, senior solar analyst, Bloomberg New Energy Finance, said in a statement. “In addition, they are also uncertain about the proposed safeguard duties that could be slapped on Chinese …

Waaree Energies triples capacity with Vapi solar panel plant
6 years, 9 months ago

Waaree Energies triples capacity with Vapi solar panel plant

Live Mint  

Mumbai: Waaree Energies Ltd has tripled its solar photovoltaic module manufacturing capacity with a new 1 gigawatt facility in Vapi. “Right now, we are building panels of more than 4MW every day.” Waaree’s focus is on rooftop solar installations. Though the centre’s decision to increase India’s renewable energy production target to 227GW by 2022, from the earlier 175GW, is good …

Ray of hope: India’s solar dreams are big and bright. Are they realistic?
6 years, 10 months ago

Ray of hope: India’s solar dreams are big and bright. Are they realistic?

Hindustan Times  

Eight minutes and 20 seconds. “Panels are getting less expensive, making the sun’s energy more viable to use,” says Rahul Jigjinni, director of Gruntech Projects, which sets up rooftop and ground-level solar power systems in India. “It’s harder to get 150 homeowners to agree to invest ₹60 to 80 lakh in an electrical system that takes 10 years to break …

India, China lead global solar power expansion amid falling costs
6 years, 10 months ago

India, China lead global solar power expansion amid falling costs

Hindustan Times  

India and China are driving a rapid global expansion in large-scale, solar power developments as the cost of building new projects falls, according to an analysis by Institute for Energy Economics and Financial Analysis. Solar Power panel project inaugurated by Arvind Kejriwal, chief minister of Delhi at Milan Apartments, IP Extension in New Delhi, India, on Sunday, May 13, 2018. …

India becomes third largest solar market in the world
6 years, 10 months ago

India becomes third largest solar market in the world

India Today  

In India every other institution is consuming electricity via solar cell panel, be it Delhi metro, education institution or government offices. Mercom Communications India, an arm of global clean energy consulting firm Mercom Capital Group, has released a report which claims that India has gained the third position among largest solar market in the world in 2017. Phosphorus adds extra …

Indian Solar Sector Funding Fell 65% Last Quarter
6 years, 10 months ago

Indian Solar Sector Funding Fell 65% Last Quarter

The Quint  

The ADD, he believes, will enable a solar manufacturing ecosystem which in turn will create 250,000 jobs, enable self-sufficiency in renewable power, provide a platform for R&D and make India an alternate supplier of solar products to the global markets. “On the contrary, it will make it a Made in India feat.” However, others in the solar sector are of …

Duty on China imports, GST slow down India's solar additions: UN report
6 years, 11 months ago

Duty on China imports, GST slow down India's solar additions: UN report

The Quint  

By Vishal Gulati New Delhi, April 5 India's imposition of duty on Chinese solar cells and modules shipped and levy of Goods and Services Tax on panels have significantly slowed down solar capacity additions last year, a UN report said on Thursday. It says developing economies, comprising India, China and Brazil, committed $177 billion to renewables last year, up 20 …

India proposes 70% duty on China, Malaysia solar imports
7 years, 2 months ago

India proposes 70% duty on China, Malaysia solar imports

Live Mint  

New Delhi: India, the largest importer of Chinese solar equipment, proposed a 70% safeguard duty on cells and modules shipped from China and Malaysia, citing “threat of serious injury” to the domestic industry. “Existing critical circumstances justify the immediate imposition of a provisional safeguard duty in order to save the domestic industry from further serious injury, which would be difficult …

Will low tariffs eclipse India’s solar run?
7 years, 7 months ago

Will low tariffs eclipse India’s solar run?

Live Mint  

New Delhi: From boom to gloom, the narrative is fast changing for India’s solar sector. “There is a problem,” said a person involved in designing and running India’s solar bid process, requesting anonymity. India’s solar power tariffs hit a new low of Rs2.44 per unit in May at the auction of 500MW of capacity at the Bhadla solar park in …

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