MNRE Notifies BCD and Hike in GST Rates as ‘Change in Law’ Events But With a Condition

MNRE Notifies BCD and Hike in GST Rates as ‘Change in Law’ Events But With a Condition

The Ministry of New and Renewable Energy (MNRE) has said the imposition of basic customs duty (BCD) and hike in goods and services tax (GST) from 5% to 12% should ...
/ / Markets & Policy, Solar
Rajasthan Commission Approves Safeguard Duty, GST, and BCD as 'Change in Law' Events

Rajasthan Commission Approves Safeguard Duty, GST, and BCD as ‘Change in Law’ Events

The Rajasthan Electricity Regulatory Commission (RERC) recently ruled that the change in rates of safeguard duty, basic customs duty (BCD) on inverters, levy of BCD on the import of solar ...
/ / Markets & Policy, Solar
Open Access Solar Installations Up 97% YoY in 1H 2022, with 1.3 GW of New Capacity Additions

Open Access Solar Installations Up 97% YoY in 1H 2022, with 1.3 GW of New Capacity Additions

India added 1.3 GW of new open access solar capacity in the first half (1H) of the calendar year (CY) 2022, registering a growth of 97% compared to 638 MW ...
/ / Mercom Research Focus, Solar
Domestic Manufacturing Segment Ready to Meet Country's Growing Solar Needs

Domestic Manufacturing Segment Ready to Meet Country’s Growing Solar Needs

The Indian government is doing its best to boost domestic manufacturing under the 'Aatmanirbhar Bharat' initiative. In April last year, the Union Cabinet approved the production-linked incentive (PLI) program to push gigawatt-scale ...
/ / Manufacturing, Solar
CBIC Revokes Customs Duty Deferment on Imported Solar Modules in Warehouses

CBIC Revokes Customs Duty Deferment on Imported Solar Modules in Warehouses

The Central Board of Indirect Taxes and Customs (CBIC) has revoked the permission granted to solar developers to warehouse imported solar modules to defer payment of the basic customs duty (BCD) on solar cells and modules effective ...
/ / Markets & Policy, Solar
9.6 GW of Tenders Issued and 4 GW of Solar Projects Auctioned in Q2 2022

9.1 GW of Tenders Issued and 4 GW of Solar Projects Auctioned in Q2 2022

Various government agencies floated solar tenders totaling approximately 9.13 GW in the second quarter (Q2) of the calendar year (CY) 2022, an increase of 80% compared to the previous quarter, ...
India Needs Just 14 GW to Meet the 60 GW by 2022 Large-Scale Solar Target

India Needs Just 14 GW to Meet the 60 GW Large-Scale Solar Target by 2022

India has installed 45.6 GW of utility-scale solar capacity to date, 14.4 GW shy of meeting the government-set target of installing 60 GW by 2022, according to Mercom’s India Solar ...
ALMM Inclusion Irks Open Access, Rooftop Solar Installers

ALMM Inclusion Irks Open Access, Rooftop Solar Installers

The Ministry of New and Renewable Energy (MNRE), in its recent order, amended the regulations related to the Approved List of Models and Manufacturers (ALMM) of solar modules, extending it ...
Basic Customs Will Not Favor all Solar Manufacturers

Basic Customs Duty Will Not Favor All Solar Manufacturers

With the imposition of Basic Customs Duty (BCD) on solar cells and modules around the corner, the domestic manufacturing sector is uncertain about its impact. In March 2021, the Ministry ...
/ / Mercom Research Focus, Other
Solar Federation Worried About BCD Impact on Awarded Projects, Asks For ‘Grandfathering’

Solar Federation Worried About BCD Impact on Awarded Projects, Asks for ‘Grandfathering’

In a letter to Union Power Minister R.K. Singh, the National Solar Energy Federation of India (NSEFI) has conveyed their worry about the impact of Basic Customs Duty (BCD) on ...
/ / Other, Renewable Energy
Renewable Energy Industry Mostly Upbeat with Budget 2022 Industry Reactions

Renewable Energy Industry Mostly Upbeat with Budget 2022: Industry Reactions

The Union Budget for the financial year (FY) 2022-23 presented by Finance Minister Nirmala Sithararman has been well received by the renewable industry. Some of the important points proposed in ...
Ayana and Fortum Winners in SECI’s 1.2 GW Solar Auction

Ayana and Fortum Winners in SECI’s 1.2 GW Solar Auction

Project Eight Renewable Power (Ayana Renewable Power) and SolarOne Energy (Fortum) were declared winners in the Solar Energy Corporation of India’s (SECI) auction for 1,200 MW interstate transmission system (ISTS)-connected ...
/ / Solar, Tenders & Auctions
BCD Increase on Solar Inverters to be Considered as Change in Law Rajasthan Commission

BCD Increase on Solar Inverters to be Considered as Change in Law: Rajasthan Commission

The Rajasthan Electricity Regulatory Commission (RERC) has ruled that the increase in rates of basic customs duty (BCD) on import of solar inverters along with integrated Goods and Services Tax ...
/ / Markets & Policy, Solar
A Bounce Back year: Key Events that Shaped the Solar Sector in 2021

A Bounce Back Year: Key Events that Shaped the Solar Sector in 2021

While solar installation activity picked up the pace in 2021, the growth could have been stronger if not for the challenges the industry faced during the year. India added 2,835 ...
/ / Mercom Research Focus, Other
Most Impactful Interviews with Clean Energy Industry Leaders in 2021

Most Impactful Interviews with Clean Energy Industry Leaders in 2021

Experts across the clean energy spectrum have shared their insights, plans, and opinions with Mercom's news team on critical issues and opportunities in the industry. From scaling solar manufacturing to ...
/ / Mercom Research Focus, Other
Growth of Domestic Solar Manufacturing Hindered by Global Supply Chain Disruptions

Growth of Domestic Solar Manufacturing Hindered by Global Supply Chain Disruptions

The Indian government has come up with several initiatives to encourage domestic solar manufacturing. In April this year, the Union Cabinet approved the production-linked incentive (PLI) program to push gigawatt-scale manufacturing of ...
/ / Mercom Research Focus, Other
Solar Projects to be Commissioned Before April 1, 2022, May Get Timeline Extension

Solar Projects to be Commissioned Before April 1, 2022, May Get Timeline Extension

The Ministry of New and Renewable Energy (MNRE) has empowered the Dispute Resolution Committee to examine if additional time extension can be given for solar projects scheduled to be commissioned ...
/ / Markets & Policy, Solar
PIXON is in the Process of Expanding its Solar EVA Film Production Line Interview

PIXON is in the Process of Expanding its Solar Module Production Line: Interview

The growing needs of the Indian solar industry and supply chain disruptions that started with the Covid-19 pandemic have magnified the need for a robust manufacturing ecosystem. Despite the government’s ...
/ / Markets & Policy, Solar
Feasibility of Domestic Solar Manufacturing Initiative and Demand Visibility

Feasibility of Domestic Solar Manufacturing Initiative and Demand Visibility

The government is pushing for solar manufacturing in India with restrictive and enabling policies. In April this year, the Union Cabinet approved the production-linked incentive (PLI) program for the 'National Program ...
/ / Manufacturing, Solar
Solar Project Cost to Increase by 24% with Basic Customs Duty on Modules Interview

Solar Project Cost to Increase by 24% with Basic Customs Duty on Modules: Interview

The Indian solar industry is gradually returning to normalcy after facing several challenges in the past two years due to the Covid-19 pandemic and adverse market conditions. The second quarter ...
/ / Markets & Policy, Solar
Can Solar Developers Rely on Local Manufacturers for Module Supply Without Disruptions

Can Solar Developers Rely on Local Manufacturers for Module Supply Without Disruptions?

The government's focus lately has shifted strongly towards establishing a domestic solar manufacturing base. The government has levied safeguard duty, Basic Customs Duty (BCD), introduced the approved list of module ...
/ / Mercom Research Focus, Other
SECI Floats EPC Tender for a 100 MW Solar Project in Chhattisgarh

SECI Floats EPC Tender for a 100 MW Solar Project in Chhattisgarh

The Solar Energy Corporation of India (SECI) has invited bids for the engineering, procurement, and construction (EPC) of a 100 MW solar power project with land in Chhattisgarh. The successful ...
Can Solar Developers Take Advantage of Duty-Free Period Ahead

Can Solar Developers Take Advantage of Duty-Free Period Ahead?

Solar developers in India are facing two important dates - the safeguard duty (15%) set to end on July 29, 2021, and the basic customs duty (BCD) of 40% on ...
Ministry of Power gives its nod to net metering for rooftop solar systems up to 500 kW capacity

Month in a Minute: Top Headlines from Indian Renewable Sector in June 2021

Here is a recap of some of the most important headlines from June 2021: The Ministry of Power (MoP) has finally issued the rules concerning net metering for rooftop solar ...
/ / Other, Renewable Energy
ALMM Effect: Solar Developers Worried About Supply, Module Makers Unconcerned

ALMM Effect: Solar Developers Worried About Supply, Module Makers Unconcerned

To closely monitor the component solar suppliers and their manufacturing facilities, the Ministry of New and Renewable Energy (MNRE) has made it mandatory for solar cell and module manufacturers to ...
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