All posts tagged: solar panel Manufacturers

In a significant move towards sustainable energy solutions, a recent meeting chaired by the Secretary of the Ministry of Panchayati Raj, Shri Vivek Bharadwaj, marks a pivotal moment in India’s journey towards renewable energy. The initiative’s main objective was implementing solar energy in Panchayati Raj Institutions (PRIs), local self-government bodies in India. This step aligns with the country’s commitment to promoting clean and sustainable power sources to meet its energy needs.

The Essence of the Meeting: The gathering underscored the need for innovative business models to support the widespread adoption of solar energy at the grassroots level. Discussions revolved around strategies to aggregate demand within Panchayats, streamlining the solar energy adoption process. By integrating solar power, PRIs can reduce their dependence on non-renewable energy sources, lower their energy bills, and contribute towards a greener India. This initiative highlights the government’s efforts to enhance the use of renewable energy and promote sustainable development across the country.

IB Solar’s Alignment with National Goals: As a participant in this crucial meeting, IB Solar stands at the forefront of this transformative journey. Our commitment to providing sustainable energy solutions aligns seamlessly with the nation’s vision of ‘Gram Urja Swaraj’, echoing the Prime Minister’s pledge at the COP 26 Summit.

Key Outcomes and Suggestions:

• Shri Vivek Bharadwaj highlighted the importance of installing solar systems in Panchayats under Theme 5 ‘Clean and Green Villages’.
• The meeting emphasised starting efforts in states with more ‘Clean and Green’ Panchayats.
• IB Solar Representatives and various other solar energy stakeholders contributed valuable insights to the discussion.
• The National Solar Energy Federation of India (NSEFI) proposed developing pilot projects in selected Panchayats to serve as benchmarks for solar energy implementation.

IB Solar’s Role and Future Plans: IB Solar is thrilled to be a part of this groundbreaking project that promises to bring about a transformational change in the country. As a solar solutions provider, we are well-prepared to offer state-of-the-art services customised to the specific requirements of Panchayats nationwide. Our scope of work goes beyond mere installation; we are committed to forging a long-lasting partnership for progress with our clients. Our goal is to ensure the sustainability and efficacy of every solar initiative at the grassroots level. We believe our expertise and our client’s vision will pave the way for a brighter and cleaner future for all.

The recent meeting is not just a discussion but a call to action for all stakeholders in the solar energy sector. As we step forward, our resolve at IB Solar is to be at the helm of this change, driving India towards a future where every village harnesses the sun’s power, contributing to a cleaner, greener, and more sustainable environment. Join us in this journey towards a sustainable future. For more information on our solar solutions and how we can help your community, visit IB Solar.

New Delhi: The Union Minister for Power and New & Renewable Energy , R.K. Singh, said on Saturday that the cost of round-the-clock renewable energy will fall to just about Rs 6 per unit from Rs 8 per unit at present if green hydrogen is used for storage.

Speaking at the special ministerial session of the Fourth International Conference & Exhibition on Clean Energy here, Singh said that the cost of green hydrogen would be cheapest in India and that it would become a viable energy storage alternative.

“Green hydrogen is cheaper than gas and battery energy storage systems. We have come up with a pilot bid for about 100 MW which we hope will establish the benchmark. Once we are able to use green hydrogen for our energy requirements, all supply chain issues such as availability of lithium-ion batteries will be resolved. We will make green hydrogen and use it as storage,” he said.

“The average price of power in the energy exchange has recently been Rs 8 per unit, so if our cost for round-the-clock renewable energy comes to Rs 6 per unit, we are in business. That is what the future is: Renewables . The future is here, not far away,” the minister remarked.

The theme of the special ministerial session, held on the closing day of the two-day summit, was ‘Global Champions for Advancing Clean Energy Innovation & Manufacturing’.

The Minister informed the captains of industry that the basic legal framework for the carbon market has been formulated and that the government is thinking of permitting industry to gain carbon credits for green hydrogen and green ammonia which is exported from India. With this, the industry will have yet another advantage, which will make Indian industry totally competitive, the minister added.

“If our price for round-the-clock renewable energy is anything to go by, then we will not have to go the thermal way, we will adopt the renewable path. About 42% of our capacity is from renewable sources already,” Singh said.

The minister pointed out that India is emerging as a manufacturing powerhouse of renewable energy.

“Around 88,000 MW renewable energy capacity is under construction and our plan is to add 50,000 MW of renewable energy capacity every year. We are already emerging as an exporter. The world will come to rely on us more and more. So, all those who are setting up capacity have made a good bet. At the same time, we need to keep ourselves at the leading edge of technology,” he added.

He also said that India is going to emerge as the biggest exporter of solar cells and modules and that more grid capacity is being added.
source – Economictimes

Officials from the ministries of finance and renewable energy as well as bankers have held several meetings over the past two months on financing-related issues faced by solar photovoltaic makers, following which the recommendations were sent by the banks.

New Delhi: The Reserve Bank is examining a recommendation from banks to include loans to
solar panel manufacturers within the priority sector lending bracket and is expected to take a decision
in the next two-three months, people familiar with the deliberations said.

“After discussion with all stakeholders, two recommendations were agreed upon. While banks have sought

tags for solar panel manufacturers, the renewable energy ministry has made a case for considering modifications in the production-linked incentive (PLI) scheme for this sector,” said an official requesting anonymity.

Officials from the ministries of finance and renewable energy as well as bankers have held several meetings over the past two months on financing-related issues faced by solar photovoltaic makers, following which the recommendations were sent by the banks.

Solar associations have argued that duty-free imports from Southeast Asian countries under free trade agreements, or FTAs, are hurting domestic manufacturers.

A bank executive said the finance ministry had asked lenders to share their inputs for the formulation of a policy to ease financing for the sector.

“The proposal to include this in priority sector lending and PLI schemes is in line with the discussion held with association members and representatives of the renewable energy ministry,” he said.

Earlier, solar associations had argued that solar exports hadn’t come down as expected.

“We have apprised the government that these could be Chinese manufacturers, who have shifted their base to these countries and are exporting from there,” said an association member, adding that as per the data they shared with the government, in the last 2-3 months, solar imports from countries with whom India has FTAs have increased by 48%.

As per report by energy think-tank Ember, solar module imports from China decreased nearly 80%, or by $2 billion in value, in first half of 2023. “This followed imposition of tariffs as India shifts away from imports to focus on building and utilising domestic manufacturing capacity. India’s domestic solar module manufacturing capacity has stepped up,” the report said.

Source – Economictimes