Ministry of New and Renewable Energy receives proposals over 10 GW of fresh solar power Equipment.Recently, the Ministry of New and Renewable Energy has received proposals from various players for over 10 gigawatts (GW) of fresh solar equipment manufacturing.
Earlier, a 750 megawatt (MW) solar project was also inaugurated in Rewa, Madhya Pradesh
With the Government of India pushing solar power in several aspects including Atma Nirbhar Bharat Abhiyan, the Ministry of New and Renewable Energy has received several proposals to make Solar Equipment for over 10 GW.
India has set its target to set up 100 GW of solar energy by 2022. India has already achieved 31 GW by October 2019. Currently, the country is focusing on domestic manufacturing to reduce dependency on imports.
Steps were taken to reduce import of Solar Equipment
There is a proposal awaiting before GoI to levy basic customs duty in the range of 20-40% on solar equipment
The Government Departments and Institutions were brought under the ruling that they have to purchase only domestically manufactured solar cells.
A 5% interest subvention scheme was proposed for wafers, ingots, and cells manufactured in the country
Safeguard Duties were implemented against solar equipment imported from China and Malaysia
Read about National Water policy here
The following hardships are faced by India while adopting solar energy
Solar Cell Technology sees upgrades every 8 to 10 months.
The process involved in solar cell manufacturing is complicated, especially, the capital and technology are intensive.
The Rooftop solar power in India accounts for 2.1 GW. Of this 70% is commercial or industrial.
India has also taken several international steps to promote Solar Power. This includes the International Solar Alliance as well
International Solar Alliance
The alliance was proposed by India. It includes 121 countries. Most of them are located between the Tropic of Cancer and Tropic of Capricorn. The alliance works towards reducing the dependence on fossil fuels. The countries located beyond the tropics can join the alliance and enjoy all the benefits. However, they do not have voting rights.
It was launched by PM Modi at the India-Africa Summit.
India has pledged at the Paris summit that it would bring 40% of its electricity generation from non-fossil fuels by 2030. This includes nuclear power, solar power, hydropower, renewable energy, etc.