Fresh blow for Indian PV with 18% GST rate verdict
The decision to tax the ‘service’ provided to solar developers at the full rate comes days after India’s Supreme Court upheld the federal government’s imposition of a 25% safeguarding duty on Chinese and Malaysian panels.
Trina Solar launches India’s first PV residential kit
Chinese PV manufacturer, Trina Solar today launched its TrinaHome product in New Delhi. It is India’s first solar residential home kit. While it is currently imported from China, the goal is to assemble it locally, in the coming months.
Greenko calls off plans to buy Orange Renewable
Hyderabad-based renewable energy major, Greenko Group has abandoned plans to buy AT Capital-backed Orange Renewable.
India: Industry reacts to 25% duty; developers to cough up extra $72 million
From cheer to gloom, the Indian solar industry has had mixed reactions to the Supreme Court’s interim order lifting the stay on the imposition of a 25% safeguard duty on imported solar cells and modules.
India’s Supreme Court allows imposition of 25% duty on solar imports – reports
In a significant move, which will greatly impact India’s solar industry, the country’s Supreme Court has reportedly given the go-ahead for the government to impose 25% safeguard duties on imports of PV cells and modules. The levy will be effective July 30, 2018.
India’s SECI reduces manufacturing tender size from 5 GW to 3 GW
In a major development, the Solar Energy Corporation of India (SECI) has reduced its solar manufacturing tender size from 5 GW to 3 GW, and curtailed the minimum bid capacity from 1 GW to 600 MW. The size of Power Purchase Agreement (PPA), however, remains unchanged at 10 GW.
India: Historic low tariff for 35 MW rooftop solar tender
The recent 35.29 MW rooftop solar tender, floated by Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) hit a historic low tariff of Rs. 1.58 (US$0.022) per unit. Overall, it attracted 31 bidders, and was oversubscribed by 630%.
India to introduce cap on solar tariff
In a major development, the Ministry of New & Renewable Energy (MNRE) has directed the Solar Energy Corporation of India (SECI) to fix the upper permissible solar tariff at Rs. 2.50 (US$0.036)/kWh and Rs. 2.68 ($0.038)/kWh for developers using domestic solar cells and modules (without safeguard duties), and imported products (with safeguard duties), respectively.
Solar timetable aims to get auctions into line in India
India’s federal government has allocated months for enabling organisations to hold tendering and bidding processes, but critics have pointed out states are free to formulate their own plans.
India’s GUVNL unveils 1 GW solar tender
Gujarat Urja Vikas Nigam Limited (GUVNL) has invited expressions of interest (EoIs) to develop 1 GW of grid-connected solar PV projects at the proposed 5 GW Dholera Solar Park. The state of Maharashtra, meanwhile, has issued a generic PV tariff.
