India need to speed up solar capacity to achieve 100GW target by 2022: ASSOCHAM-NEC study

02 Aug 2017 Evaluate

A joint study carried out by the industry body Associated Chambers of Commerce & Industry of India (ASSOCHAM) and NEC Technologies has stated that India will need to significantly speed up the pace of solar capacity additions by 10,000 MW this fiscal and over 15,000 MW per year in order to meet the 2022 target of 1,00,000 MW (100GW), which the government set up in 2014. The study also noted that the country’s installed solar capacity fell short of target of 17,000 MW by the end of FY17.

Pointing to the efficiency of solar cells as the biggest technological issue, the joint report titled ‘Capacity Building and Skill Development' stated that currently, the efficiency ranges from 12-20 percent, though this continues to improve. It also said that the rest of the energy striking the panel is either reflected or is wasted as heat. It also explained that the main issue with efficiency is that higher efficiency solar panels cannot be commercially mass produced.

To achieve the 100GW target by 2022, the study further stated that the focus has slightly shifted from indigenous manufacturing as policies to curb the imports from other countries are not benefiting the domestic manufacturing. On the GST front, the study stated that the increase in taxes in the GST structure in solar from zero percent to 5 percent, along with reduced taxes in coal from 11.69 percent to 5 percent, may lead to slow adoption of solar in the Indian energy sector. It added that lack of uniform policies across sectors and implementation issues is also an area of concern.

Highlighting the fact that foreign investment in Indian solar industry currently is less than 20 percent, the study said even 100 percent FDI under automatic route and 74 percent through foreign equity participation in a joint venture (without approval) have not paved the way for significant foreign investments in Indian solar industry. It noted that the solar panels used in India are not designed to handle very high temperatures and dust prone conditions. Because of this, it said that module damage is common and results in loss in energy generation.

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