PV Tech Improvements will be Key Anchor towards Reducing Solar Deployment Costs: Amitabh Kant

We are convinced that photovoltaic (PV) technology improvements will exceed general market expectations and will be the key anchor towards reducing the Solar deployment costs, said Amitabh Kant, CEO of NITI Aayog.

October 07, 2020. By Manu Tayal

We are convinced that photovoltaic (PV) technology improvements will exceed general market expectations and will be the key anchor towards reducing the Solar deployment costs, said Amitabh Kant, CEO of NITI Aayog.

He was speaking at the Plenary Session of a global symposium ‘India PV Edge 2020’ organized by NITI Aayog, Ministry of New & Renewable Energy (MNRE), and Invest India together.

Kant further opined that, “India should innovate in every part of the value chain and strategically collaborate with global innovators to take a generation leap in Solar PV manufacturing.”

He also urged the Indian solar industry and research labs to focus on new technologies like direct wafer manufacturing, Hetero-junction, tandem cells, and biaxial modules.

On the other hand, Dr. Rajiv Kumar, Vice Chairman, NITI Aayog, highlighted that “India has a 31 GW demand from government-sponsored schemes that require locally made solar panels and a large 300 GW target over the next ten years.”

Dr. Kumar urged the PV manufacturing industry to utilize this large demand to invest in state-of-the-art manufacturing lines and collaborate with startups and research institutions to continue to increase the performance of the solar panels and reduce the cost.

In the opening remarks of the pitching session, Dr. V.K. Saraswat, Member, NITI Aayog, highlighted that “cutting-edge giga-scale solar manufacturing stands on three pillars: Disruptive PV chemistries (Pillar 1), Manufacturing by custom-engineered advanced production equipment (Pillar 2), and utilization of innovative BOM components like special glasses and coatings (Pillar 3)”.

Dr. Saraswat further stressed on the importance of manufacturing industry in collaborating with research labs in India to continuously improve the products.

During the third session i.e. ‘Investment Conclave’ which was attended by large investors like IFC, Goldman Sachs, Black Rock, SBI, and climate funds to catalyze investment momentum in cutting edge PV technologies, Dr. Rakesh Sarwal, Additional Secretary, NITI Aayog, thanked the dignitaries and emphasized that “India cannot be a global manufacturing hub of advanced PV without developing strong global scale R&D capabilities and strategic partnerships.”

DR. Sarwal mentioned that NITI Aayog will work with DST, MNRE and international development agencies to catalyze an ecosystem of strong applied research backed by international inter-institutional collaborations and with a sharp focus of academia-industry collaboration.

Although, Covid-19 pandemic has had an enormous impact on the global economy. As governments set out for economic revival, their recovery plans must be geared towards greening the infrastructure. With a growing and gargantuan appetite for energy, India has a unique role to play in re-building a more sustainable world.

Solar deployment has been the flagship green growth story of the last decade, and will be instrumental in stimulating growth and building a climate-resilient world. Solar PV manufacturing is one of the strategic champion sectors announced by the Finance Minister as part of AatmaNirbhar Bharat. Subsequently, efforts are underway to make India a global hub for solar PV manufacturing, and significant Giga-factory announcements are made by local and global firms.

Please share! Email Buffer Digg Facebook Google LinkedIn Pinterest Reddit Twitter
If you want to cooperate with us and would like to reuse some of our content,
please contact: contact@energetica-india.net.
 
 
 
Next events

 

Last interview
 
 
Privacy Policy (PDF) / Terms and conditions (PDF)
 Energetica India is a publication from Editorial Omnimedia. No reproduction in whole or part of content posted on this website.