NSEFI Issues Recommendations to Help Attain India’s Solar Targets
India has set a target of 100 GW of solar PV by 2022
India has set a solar photovoltaic (PV) capacity addition target of 100 GW by 2022. According to Mercom’s India Solar Tracker, so far over 26 GW of solar PV capacity has been installed in India. Still, there is a deficit of over 73 GW of solar capacity to be installed in the next four years.
Now, the National Solar Energy Federation of India (NSEFI) has come up with a wishlist to help attain India’s solar targets.
In the wishlist, the NSEFI has covered important bases in the renewable energy sector. If we combine mobility with renewable energy generation, it will be a great leap towards attaining our climate goals as a nation. It will help us attain our renewable energy targets, especially solar (100 GW) and curb emissions.
In the past too, NSEFI has come up with suggestions at times the industry has been uncertain. When safeguard duty was being levied, NSEFI had suggested that safeguard duty must not be levied on projects that have already been bid out as developers wouldn’t have accounted for a 25 percent duty which would increase projects costs by about 15 percent. Added costs will burden companies and impact their repayment of borrowings to lenders.
Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.