ICRA Expects India To Install 15 GW RE During FY2023
Drop In Module Prices & Policy Support To Boost Total Renewables Capacity To 170 GW By March ’25
Indian credit ratings agency ICRA sees a booming renewable energy market in India led by solar PV technology as it forecasts the country to install 15 GW in FY2023, contributing to cumulative renewable energy installations reaching 170 GW by March 2025.
Future Bright For Indian Solar PV Manufacturing
Strong Policy Support To Lead Indian Solar Panel Production Capacity To Grow To 60 GW+ By 2025
Spurred by strong policy support and growing domestic demand, India is likely to grow its solar PV module manufacturing capacity to exceed 60 GW by 2025, up from the current level of 37 GW, with improved backward integration into cell and wafer produ.
India’s Green Hydrogen Production Costs
ICRA: Levelized Production Cost Of Green Hydrogen In India To Range Between $5.5 To $6.0/kg
Independent credit ratings agency ICRA Limited believes the levelized cost of production for green hydrogen in India is estimated to range between $5.5 to $6.0 per kg, under the base case scenario of delivered renewable cost of procurement at INR 3.5 ($0.046) per kWh.
India To Exit FY22 With 12.5 GW RE
ICRA Forecasts India To Add 10.8 GW Solar In FY22 & 12.5 GW In FY23
Having exited FY 2021 (period ending March 2021) with 7.4 GW renewable energy capacity installed, India’s is moving ahead strongly and is forecast by Indian rating agency ICRA to add 12.5 GW in FY22.
India PV Snippets: SECI, Tata, Loom, ArcelorMittal, ICRA
SECI 1.2 GW Hybrid Auction Attracts INR 2.34/kWh L1 Bid; Tata Power Commissions 150 MW PV; Loom Solar Launches 500W+ Solar Panels; ArcelorMittal Considering Heavy Investment In Solar For Rajasthan & Gujarat; ICRA Upbeat About India’s Renewables Sector
SECI’s 1.2 GW hybrid auction results: The Solar Energy Corporation of India (SECI) has attracted INR 2.34 ($0.031) per kWh as the lowest winning bid (L1) for its 1.2 GW interstate transmission system (ISTS) connected wind-solar hybrid project tranche-IV.
High Module Prices To Impact Project Returns In India
ICRA: Around 4 GW Solar Power Project Capacity Awarded In India May Suffer If High Module Price Trend Sustains; Increase In Metal Prices Also Pushing Up Overall Capital Cost For Planned Projects
High demand for solar polysilicon over past few months has been pushing up prices for the end product, solar modules. Project developers in India are also feeling the heat since the market is heavily dependent on imported modules.
ICRA Forecasts 8.8 GW Of RE In India
Solar Capacity Additions Expected To Be Higher Than Wind in FY 2016-17
India will add 8.8 GW of renewable energy in 2016-17, an increase of 27.5% over 6.9 GW added online last fiscal year, says ICRA. This would take the overall capacity of the country to 51.5 GW, which as of March 2016 stood at 42.7 GW.
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