Amid fears of a proposed safeguard duty on imported solar cells thwarting India’s solar mission, the government wants to ensure that the duty is prospective in nature, and does not impact ongoing solar projects, a top official in the renewable energy ministry said.
The GST has led to 10-12 per cent rise in overall cost of solar projects, the All India Solar Industries Association has said, while petitioning the government against the rise in tax incidence on solar power equipment under the new regime.
Existing solar energy projects and bidders for new ones must be insulated from the uncertainty of antidumping duties on import of cheap cells and modules to keep their cost calculations intact, minister of power, new and renewable energy RK Singh said.
A mechanism for reducing the risks associated with financing of solar powerprojects and make them viable under the aegis of the International Solar Alliance(ISA) is set to be rolled out in a year, the Ministry of New and Renewable Energy (MNRE) said today.
The viability of solar projects bid at below Rs 3/mWh may be adversely affected if the increase in solar panel prices by 6-7 cents/watt sustains over coming quarters, said ratings agency Icra on Tuesday.
The Gujarat High Court on Monday dismissed a petition opposing the holding of the state’s first wind auction.
Indian state-run power firm National Hydroelectric Power Corporation (NHPC) plans to build another 150MW of solar projects in partnership with Solar Energy Corporation of India (SECI).
Solairedirect, an international solar developer backed by French energy major Engie, is currently behind schedule for setting up a 250 megawatt solar power project in the Indian state of Andhra Pradesh as there are no buyers identified for the power to be generated.
Canadian solar energy developer SkyPower Ltd has hired Yes Bank to sell a stake in its solar power projects in India, said two people aware of the development.
Essel Infraprojects Ltd (EIL) today said it has commissioned 55 MW capacity solar projects in Uttar Pradesh and Karnataka.