Published on April 2nd, 2016 | by Saurabh1
First Solar Announces 1 GW Of Cumulative Solar Module Shipments To India
April 2nd, 2016 by Saurabh
Originally published on Cleantechies.
At a time when India and the US are sparring over the former’s policy on the use of domestically manufactured solar power modules, a US-based module manufacturer has achieved a landmark achievement.
First Solar has announced that its cumulative solar power module shipment to India has crossed 1 GW, and it has become the first thin-film solar panel manufacturer to achieve this feat. The achievement is no mean feat when one considers the domination of Chinese manufacturers in the Indian market.
In FY2013-14, of all the solar power modules imported into India, 65% were from Chinese manufacturers. This figure increased to 70% in the subsequent financial year. Foreign companies have benefited from the Indian government’s policy to not impose anti-dumping duties on imported solar power modules.
First Solar has been active in the Indian market since the inception of the National Solar Mission. It is also believed to have supplied modules to several projects in the Charanka solar power park in Gujarat, which predates the launch of National Solar Mission.
The company claims that its modules deliver an additional 5-9% energy yield compared to polycrystalline modules. The company has also benefited from the financial contracts of project developers with US financial institutions, especially the US Export-Import Bank.
First Solar had pledged, in February 2015, to install 5 GW solar power capacity in India over a period of 5 years. Last year, the company participated in several competitive auctions and secured some projects in the southern states of Telangana and Andhra Pradesh. The company now owns a pipeline of 200 MW capacity across various states in the country.
Reprinted with permission.