The 2019 general elections are currently underway in India. In recent months, with the country gearing up for one of the biggest democratic exercises, the solar tender and auction activity appears to have slowed down.
The Solar Power Developer Association (SPDA) has demanded the goods and services tax rate be kept uniform at 5 per cent on solar power generating system (SPGS) saying recent recommendations of the GST Council
Country’s solar industry has sent out an SoS to policy makers, including key officials in the financeNSE -0.84 % ministry, seeking urgent clarification on the rate of goods and services tax (GST) on solar projects after controversial Authority for Advance Rulings (AAR) held these would face 18% and not 5%.
The European Investment Bank (EIB) on Friday said it has extended EUR 1.05 billion (USD 1.29bn) in financing for solar projects globally last year.
Budget 2018: Concerned over future of the sunrise industry which is facing threat due to the proposed imposition of 70 per cent safeguard duty on import of solar power equipment, sector experts are expecting some breather from the Union Budget 2018-19. Industry experts believe that the imposition will not only increase the tariff by almost Re 1.
The Indian government’s target is to boost installed solar power capacity more than five-fold to 100 gigawatt (GW) by 2022.
Singapore-headquartered solar panel maker REC hopes to be exempt from potential U.S. restrictions on imports following a recent trade finding that said no significant injury to the United States had been caused by makers including those from Australia, Canada and Singapore.