Haryana Budget Includes Solar Projects, Lights, Pumps, and EV Announcements

Haryana Budget Includes Solar Projects, Lights, Pumps, and EV Announcements

Haryana Chief Minister Manohar Lal announced the budget for 2021-22. Provisions were made to set up 93 MW of solar projects, among other renewable and e-mobility plans. The Haryana Power ...
Emphasis on Electric Vehicles and Solar Projects to Fight Pollution in Delhi Budget

Emphasis on Electric Vehicles and Solar Projects to Fight Pollution in Delhi Budget

The Delhi Government presented its budget for 2021-22, highlighting several sops for electric vehicles, electric public transportation, and solar projects. The Delhi Government has allocated ₹ 32.27 billion (~$442.18 million) ...
Committee on Energy Asks For Single Window Clearance for Rooftop Solar Projects

Committee on Energy Asks For Single Window Clearance for Rooftop Solar Projects

The Parliamentary Standing Committee on Energy has said that the Ministry of New and Renewable Energy (MNRE) will find it difficult to install 175 GW of renewable energy capacity by ...
/ / Markets & Policy, Solar
Karnataka Proposes to Develop a 500 MW ISTS-Connected Solar Park

Karnataka Proposes to Develop a 500 MW ISTS-Connected Solar Park

Karnataka has proposed setting up a 500 MW solar park at Firozabad in Kalaburagi district, Chief Minister B S Yediyurappa has said, while presenting the state Budget for 2021-22. He ...
/ / Other, Renewable Energy
Month in a Minute_ Top Headlines from Indian Renewable Sector in February 2021

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

Here is a recap of some of the most important headlines from February 2021: Total Eren and EDF Renewables announced that EDEN Renewables India has successfully secured financial closure for ...
Aggressive Bids Adversely Affecting the Sector - Rooftop Solar Integrators to MNRE

Aggressive Bids Adversely Affecting the Sector – Rooftop Solar Integrators to MNRE

Solar Parivar, an Uttar Pradesh-based group connected with the solar energy sector, has requested the Ministry of New and Renewable Energy (MNRE) to resolve issues faced by rooftop solar integrators ...
/ / Markets & Policy, Solar
China’s Demand for Utility-Scale Solar Projects to Reach 60-75 GW in 2021_ AECEA

China’s Demand for Utility-Scale Solar Projected to Reach 60-75 GW in 2021: AECEA

China’s National Energy Administration (NEA) has released a draft version of its envisaged national unified renewable energy power consumption targets for the upcoming decade. According to the draft, non-hydro power ...
/ / Markets & Policy, Solar
Budget 2021 Allocates ₹45 Billion For High-Efficiency Solar Modules Manufacturing

Budget 2021 Allocates ₹45 Billion For High-Efficiency Solar Modules Manufacturing

The Union Budget 2021 has allocated exclusive funds to expand renewables, especially solar and green hydrogen. The Budget has elaborated on the production-linked incentive program to help the solar manufacturing ...
/ / Manufacturing, Solar
What the Electric Vehicle Industry Wants from Budget 2021

What the Electric Vehicle Industry Wants from Budget 2021

Finance Minister Nirmala Sitharaman will present the Union Budget on February 1, 2021.  The budget, the first after the COVID-19 pandemic, will be keenly watched by the renewable energy sector ...
/ / Electric Vehicles, Grid
Kerala Budget Proposes ₹2.5 Billion Loan for Rooftop Solar, Cuts Tax on EVs

Kerala Budget Proposes ₹2.5 Billion Loan for Rooftop Solar, Cuts Tax on EVs

Kerala’s Finance Minister Thomas Isaac announced a 50% reduction in motor vehicle tax for electric, fuel cell, and full hybrid battery electric vehicles (EV) for five years in the state’s ...
Karnataka Focuses on Electric Mobility in New Budget

Karnataka Focuses on Electric Mobility in New Budget

In the recent state budget announcement, Karnataka Chief Minister BS Yediyurappa announced that ₹100 million (~$13.56 million) would be allocated to establish an electric vehicle and energy storage manufacturing cluster ...
/ / Markets & Policy, Other
AfDB to Provide $20 Million for Mini-Grid Solar Projects in Congo

Gujarat Budget Allocates ₹9.12 Billion for Solar Rooftop, ₹1.25 Billion for KUSUM Program

Gujarat’s Finance Minister Nitinbhai Patel presented the state budget for the financial year 2020-21, which included a ₹9.12 billion (~$127.19 million) provision for a subsidy for solar rooftop projects and ...
Cochin Port Tenders a 350 kW Rooftop Solar Project at its Premises

Impact of Basic Customs Duty on Solar Cells and Modules: Winners and Losers

Basic customs duty (BCD) on the import of solar cells and modules was announced at 20% in the Union Budget for 2020-21. While the exemption on this duty remains in ...
Rajasthan Budget Targets 1.4 GW of Wind, 4.9 GW of Solar in the Next Five Years

Rajasthan Budget Targets 1.4 GW of Wind, 4.9 GW of Solar in the Next Five Years

The revised 2019-2020 budget for Rajasthan has introduced various grants for the renewable energy sector. The chief minister of Rajasthan, Ashok Gehlot, in his budget speech, mentioned that the new ...
Budgetary Allocation for Solar Increased by 1% While Coal Gets a 48% Boost in 2019-20

Budgetary Allocation for Solar Increases by 1% While Coal Gets a 48% Boost in 2019-20

In the recently announced budget for FY 2019-2020, there is a very slight increase in the budgetary allocation of funds for the solar energy sector when compared to the allocation ...
Budget 2019

Promising Budget 2019 Instills Hope in India’s Renewable Industry and E-Mobility Segment

The new budget is here and it sounds promising for the country’s fledgling non-conventional energy sector. This year’s budget shows a marked increase in the budgetary allocations for renewable energy ...
Gujarat’s New Budget Emphasizes on the Growth of Rooftop Solar Sector

Gujarat’s New Budget Emphasizes on the Growth of Rooftop Solar Sector

In the Gujarat state’s budget announced for the current financial year (FY) 2019-2020, a recalibrated target of 30 GW of renewable capacity by 2022 has been announced. This target includes ...
CERC Agrees to Extend Retrofitting Timeframe for Suzlon’s 7.4 GW of Wind Projects

Pakistan Gives Tax Exemption for 5 Years to Solar and Wind Equipment Manufacturing

The Pakistan government has proposed a five-year exemption of taxes for manufacturing of solar and wind energy equipment in its budget bill, reported Reuters. The tax break is expected to ...
/ / Markets & Policy, Solar
HPPC Asked to Study Commercial Viability of its Solar Project with Battery Storage

“Nothing in it for Us”: Solar Industry Reacts to 2019 Budget

The interim budget announced by interim Finance Minister Piyush Goyal did not offer much for India’s renewable energy sector. Mercom had reported that the budget could be an opportunity to help ...
/ / Markets & Policy, Solar
MNRE Utilized ₹36.13 Billion from NCEEF Fund in FY 2017-18

MNRE Utilized ₹36.13 Billion from NCEEF in FY 2017-18

The Ministry of New and Renewable Energy (MNRE) had not utilized the entire budget allocated to it by the National Clean Energy and Environment Fund (NCEEF) during financial year (FY) ...
Bonds

2017-18 Budget a Disappointment for the Indian Renewable Energy Sector

Overall, India’s 2017-18 budget is a disappointment for renewable energy sector. There were no major subsidies or incentives announced. There had been hope that reduction in accelerated depreciation and the ...
/ / Markets & Policy, Other