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 ...
_Solar Industry Reacts PLI Program Good for Large Manufacturers; MSMEs Left Out

Solar Industry Reacts: PLI Program Good for Large Manufacturers; MSMEs Left Out

India has launched a performance-linked incentive (PLI) program to support vertically integrated, gigawatt-scale manufacturing of high-efficiency solar modules. The implementing agency – the Indian Renewable Energy Development Agency (IREDA), has ...
Month in a Minute Top Headlines from Indian Renewable Sector in April 2021

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

Here is a recap of some of the most important headlines from April 2021: Distribution companies (DISCOMs) owed ₹123.45 billion (~$1.68 billion) to renewable energy generators (excluding disputed amounts) in ...
/ / Other, Renewable Energy
GUVNL Auction

SJVN Wins GUVNL’s 100 MW Solar Auction

SJVN Limited, a joint venture between the central government and the government of Himachal Pradesh, has won a 100 MW solar project in the Gujarat Urja Vikas Nigam Limited's (GUVNL) auction ...
Solar ALMM Enlistment to Take Longer Than Expected

Solar ALMM Enlistment to Take Longer Than Expected

In its initial steps towards reducing India's dependence on solar imports and self-reliance, the Ministry of New and Renewable Energy (MNRE), as early as 2018, announced compulsory registration of solar ...
/ / Markets & Policy, Solar
Here are the Details for Bidding Under Solar Production-Linked Incentive Program

Here are the Details for Bidding Under Solar Production-Linked Incentive Program

The government's approval for the Production Linked Incentive (PLI) program under the 'National Program on High-Efficiency Solar PV (Photovoltaic) Modules' has been widely welcomed by the solar industry. The PLI ...
/ / Markets & Policy, Solar
Month in a Minute_ Top Headlines from Indian Renewable Sector in March 2021

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

Here is a recap of some of the most important headlines from March 2021: Distribution companies (DISCOMs) owed ₹122.49 billion (~$1.65 billion) to renewable energy generators (excluding disputed amounts) in ...
/ / Other, Renewable Energy
Winning Tariff of ₹2.20_kWh in the GUVNL Solar Auction Hasn't Factored BCD

Winning Tariff of ₹2.20/kWh in the GUVNL Solar Auction Hasn’t Factored BCD

The Indian Government's endeavor to encourage domestic manufacturing of solar modules and cells led to the imposition of BCD (Basic Customs Duty) on solar modules with HSN Code 85414012 BCD ...
/ / Solar, Tenders & Auctions
Transmission Infrastructure Crucial to Support Growing Solar Capacity

Transmission Infrastructure Crucial to Support Growing Solar Capacity

The pandemic was just one of the issues that pushed the solar back last year. The industry faced several other impediments coming in the way of project development. One of ...
/ / Grid, T&D
Solar Will Lead All Power Generation in the Coming Decades

Solar Will Lead All Power Generation in the Coming Decades

The Mercom India Solar Summit 2021 kicked off on April 8, 2021, with the session 'Keynote-State of Indian Solar market,' led by Priya Sanjay, Managing Director, Mercom India, and Raj ...
PLI Program_ Higher the Efficiency of Solar Modules, Higher the Incentive

PLI Program: Higher the Efficiency of Solar Modules, Higher the Incentive

The Covid-19 pandemic and the subsequent nationwide lockdown capped off a turbulent 2020 for the Indian solar sector. The pandemic affected the solar supply chain and brought the solar industry ...
Deferring New Solar Bids Until Backlog of Unsigned PSAs is Cleared the Way Forward

Deferring New Solar Bids Until Backlog of Unsigned PSAs is Cleared the Way Forward

Deferring new bids until the backlog of unsigned power sale agreements (PSAs) with the distribution companies (DISCOMs) is cleared by the Solar Energy Corporation of India (SECI) may be the ...
/ / Markets & Policy, Solar
SECI Amends 25 MW Solar Tender in West Bengal, Factors in BCD Imposition

SECI Amends 25 MW Solar Tender in West Bengal, Factors in BCD Imposition

The Solar Energy Corporation of India (SECI) has amended the tender for a 25 MW solar project in West Bengal, asking bidders to take note of the imposition of the ...
Solar Project Development in India_ A Long Road Towards an Ambitious Target

Solar Project Development in India: A Long Road Towards an Ambitious Target

India's cumulative installations breached the 40 GW mark, according to Mercom India Research. The total installations comprised 34.9 MW of utility-scale solar installations, and the rooftop segment accounted for 5.1 ...
Solar Supply Chain and Mitigating Market Surprises

Solar Supply Chain and Mitigating Market Surprises

Over the past year, the one certain thing in the solar industry has been the 'uncertainty.' Starting with the COVID-19 pandemic and the subsequent closing down of markets, labor challenges, ...
/ / Markets & Policy, Solar
How Policy Flip Flops Hamper Growth of Solar Sector

How Policy Flip Flops Hamper Growth of Solar Sector

India has set some lofty targets for renewable energy, including 175 GW of renewables by 2022 (100 GW from Solar) 450 GW of renewables by 2030 (unofficial). India is also ...
/ / Markets & Policy, Solar
Solar Industry Weighs in on the Basic Customs Duty Implications

Solar Industry Weighs in on the Basic Customs Duty Implications

The Ministry of New and Renewable Energy (MNRE) recently imposed a basic customs duty (BCD) of 40% on solar modules and 25% on solar cells, starting April 1, 2022. The ...
/ / Markets & Policy, Solar
Basic Customs Duty of 25% on Solar Cells and 40% on Modules to Take Effect from April 2022

Basic Customs Duty of 25% on Solar Cells and 40% on Modules to Take Effect from April 2022

The Ministry of New and Renewable Energy (MNRE) has announced the basic customs duty (BCD) on imported solar cells and modules starting April 1, 2022. The BCD on solar modules ...
/ / Markets & Policy, Solar
Budget 2021 Receives Mixed Reactions from Energy Sector Stakeholders

Budget 2021 Receives Mixed Reactions from Energy Sector Stakeholders

The 2021-22 Budget tabled in the Parliament by the Finance Minister, Nirmala Sitharaman, has received a mixed response from stakeholders in the energy sector. While the massive outlay for revamping ...
/ / Mercom Research Focus, Other
Solar Manufacturers Seek Clarity on the Production-Linked Incentive Program

Solar Manufacturers Seek Clarity on the Production-Linked Incentive Program

The Indian government has been trying to boost the domestic manufacturing segment and make it globally competitive. In one such move, in November 2020, the government announced a production-linked incentive ...
/ / Markets & Policy, Solar