Solar Module Manufacturing Capacity To Jump 400% By FY25
Local manufacturing of solar modules is set to soar by almost 400% by fiscal 2025 compared to the last financial year with 30-35 GW of fresh module capacity at an investment of ₹50,000 crore across the value chain, says a report. Rating agency Crisil’s report is based on an analysis of the CAPEX plans of the top 11 domestic module manufacturers that account for 80% of the current solar module installed effective capacity.
The country’s solar capacity implementation is expected to rise to 14 GW per annum between fiscals 2022 and 2024, and further, given aggressive renewable energy plans. The report has estimated ₹50,000 crore of investments across the value chain for capacity building through fiscal 2025. While a 1 GW module line costs ₹250 crore, a 1 GW cell line that requires high technological know-how and higher value addition cost
₹600 crore.
NTPC Invites Bids To Build 900-MW Solar Photovoltaic Parks In Cuba
NTPC, a corporate partner of the International Solar Alliance (ISA), has been chosen as the preferred partner for the implementation of the solar PV parks by the Government of Cuba. The Union Electrica de Cuba (UNE) and NTPC will work in unison for the implementation of the 900-MW solar PV parks in Cuba.
State-owned power giant NTPC has invited bids from developers to build a 900-megawatt (MW) solar photovoltaic parks in Cuba. “NTPC Ltd, India’s largest integrated energy producer, invites bids from developers to build the solar PV parks in the Republic of Cuba,” the company said in a statement.
The annual generation is expected to be 2,400 megawatt-hour. The request for qualification (RFQ) tender process will start from March 2022 till May 2022.
