India ranks 3rd in Renewable Energy Country Attractiveness Index
India s solar sector is likely to grow substantially post the COVID-19 pandemic, with generation from solar PV forecast to outdo coal before 2040, EY said in a statement
BusinessToday.In | May 20, 2021 | Updated 16:15 IST
India moved to third spot from fourth position primarily due to the exceptional performance on the solar PV front
India has moved up a spot to third position on EY s Renewable Energy Country Attractiveness Index owing to an exceptional performance on the solar photovoltaic (PV) front. US and China are in the first and the second spot, respectively.
According to the report released on Wednesday, India s solar sector is likely to grow substantially post the COVID-19 pandemic, with generation from solar PV forecast to outdo coal before 2040, EY said in a statement.
What lies ahead for India’s solar sector?
February 23, 2021
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The potential to tap solar energy is huge in India and the Government of India has rightly set a challenging but achievable target of 450 GW of renewable power by 2030 – a bulk of this will be solar energy.
One issue that could come in the way is India’s reliance on imports, especially from China, for solar panels. To avoid this roadblock, the government has come out with a slew of policies to improve India’s self-reliance in this area.
The Aatmanirbhar Bharat Series, presented by Tata Power and
BusinessLine and powered by Exim Bank, will delve deep into this issue in a webinar, ‘Attaining Self-Sufficiency in Solar PV Manufacturing’ on February 25 at 5 pm.
Enphase Revenues have grown from about $286 million in 2017 to about $624 million in 2019, translating into a growth rate of about 48% each year. SolarEdge’s Revenues, which stand at more than double Enphase’s, have grown from about $607 million to about $1,426 million over the same period, a growth rate of about 53% per year. However, over the last 12 months, Enphase saw revenue rise by 42.1% – much higher than the figure of 19% for SolarEdge, as the company gained market share in the microinverter space. Enphase’s operating margin was 15.2% for the most recent twelve-month period, which is higher than SolarEdge Technologies’s operating margin of 13.2% over the same period. Enphase’s margins have also been trending higher, rising from 0.8% in 2018 to 15.2% over the last 12 months, while SolarEdge’s margins have declined slightly from 15% to 13.2%.
‘Solar sector needs a comprehensive policy’
January 11, 2021
Saibaba Vutukuri, CEO, Vikram Solar×
Vikram Solar CEO highlights issues for attention in Budget
The Government needs to come out with a comprehensive policy framework along with some tariff barriers to achieve the 450 GW renewable energy target, according to Saibaba Vutukuri, CEO of Vikram Solar.
“The Government should consider implementing tariff barriers such as BCD/Safeguard Duty/ADD for at least 4-5 years. Offering capital subsidy of 50 per cent for setting up R&D and quality testing infrastructure within the manufacturing units will help build scale,” he said.
“As we inch towards the Union Budget, we are hopeful of targeted initiatives and policies for scaling up domestic solar manufacturing aligned to the 450 GW renewables by 2030 target. There is an immediate need to build a robust ecosystem for indigenous solar manufacturing and making it cost-competitive to achieve the Government’s vision of Atm