India’s Ministry of New and Renewable Energy is exploring alternatives to the deposits and performance bank guarantees which must be lodged by solar developers to be eligible to participate in tenders held to allocate solar generation capacity.
The ministry has consulted the Solar Energy Corporation of India – the federal entity charged with hitting national solar generation capacity targets – and state-owned power company the NTPC about possible alternative guarantees to ensure projects will be seen through to completion.
For the full story, please visit our pv magazine India website.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.