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India Photovoltaic New deal committed to

India Photovoltaic New deal committed to

2018-12-19

India's Ministry of New and Renewable Energy, (MNRE), issued a government order giving priority to "made in India" goods a few days ago. In addition to household photovoltaics, grid-connected, off-grid and distributed photovoltaic projects should give priority to Indian-made photovoltaic products, the document said, which applies to government departments, federal and state enterprises. In addition, the Indian special economic zone (SEZs), which owns 40 percent of India's domestic photovoltaic modules and 60 percent of its battery chip capacity, has received notification from the Ministry of Industry and Commerce that photovoltaic manufacturers in the zone will be subject to a 25 percent tariff on photovoltaic imports, according to the Mercom.

Policies such as "made in India" and import safeguard tariffs, while partly protecting Indian companies and capacity, have hampered plans to reach 100GW's photovoltaic capacity in 2022. India's installed PV capacity was 1.589 GW in the third quarter of this year, down about 4 percent from the second quarter, according to MNRE statistics. PV installed capacity was 2.278 GW in the same period last year, down about 30 percent from the same period last year.

According to the EnergyTrend statistics of Jibang New Energy Research Center, a new energy research center owned by Jibang Consulting, India's indigenous assembly capacity is about 6.26 GW, and the existing capacity has not been able to meet the installed demand of the domestic photovoltaic market, and the inverter is more dependent on imports. At present, only Sunshine power and power two inverter enterprises in India to set up a factory.

Cao Junru, an analyst at Jipang New Energy Network EnergyTrend, said the impact of the policy must be assessed in two ways: the definition of the local content (local content) and the (Public Sector Undertakings, a public sector enterprise covered by regulations. PSUs) and the range of photovoltaic power plants it has developed.

This policy is based on the parent law "Open Procurement (made in India first)" (Public Procurement (Preference to Make in India), local content in 2017 is defined as: total product value, after deducting the value of imports, The proportion of value added in India. Therefore, the policy on the localization of photovoltaic modules up to 100% does not rule out only module packaging links, it may be that the overall value chain must be in India to comply with the regulations. Even if it is limited to packaging, most of the components in the world (such as border, rubber, junction box etc.) are made in China, and it is very difficult to produce 100% of them locally in India. And the scope of PSUs, because most of India's PV installation projects are currently planned by the central or state governments, and very few photovoltaic projects do not involve PSUs, so most photovoltaic projects in India will be affected by the new policy. So, this policy will have a negative impact on the Indian photovoltaic industry. However, the policy seems to have not been fully implemented so far, according to EnergyTrend. Since India's policy has always been more uncertain, the EnergyTrend will keep an eye on its subsequent fermentation.

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