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
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
MNRE Stops Processing Concessional Customs Duty Certificates for Solar Projects

MNRE Stops Processing Concessional Customs Duty Certificates for Solar Projects

The Ministry of New and Renewable Energy (MNRE) has stopped processing all applications seeking concessional customs duty certificates for setting up solar power projects from February 2, 2021. The move ...
Solar Inverter, Import Duty, Customs Duty, MNRE, Solar Modules, PV

Is Customs Duty Hike Sufficient to Incentivize Domestic Manufacture of Solar Inverters?

In the Budget 2021, the Finance Minister proposed to raise the customs duty on solar inverters from 5% to 20% and on solar lanterns from 5% to 15% to encourage ...
/ / Mercom Research Focus, Other
There is Not a Lot for the EV Sector in the Budget

There is Not a Lot for the EV Sector in Budget 2020

Budget 2020 has failed to meet the expectations of the electric vehicle (EV) segment of the country. The segment’s stakeholders were expecting more measures from the government to promote electric ...
/ / Electric Vehicles, Grid
Budget 2020_ For Renewable Energy, “The Devil is in the Detail”

Budget 2020: For Renewable Energy, “The Devil is in the Detail”

On February 1, 2020, when Finance Minister (FM) Nirmala Sitharaman announced the Budget for the financial year (FY) 2020-21, with a budget allocation ₹220 billion (~$3.08 billion) for the power ...
/ / Markets & Policy, Solar
No Basic Customs Duty to be Levied on Imported Solar Cells and Modules for Now

No Basic Customs Duty on Imported Solar Cells and Modules for Now

The basic customs duty on the import of solar cells and modules into the country will remain 'zero', for now, an official of the Ministry of Finance confirmed to Mercom ...
/ / Markets & Policy, Solar
Uncertainty Around Proposed Basic Customs Duty of 20% on Imported Solar Cells and Modules

Uncertainty Around Proposed Basic Customs Duty of 20% on Imported Solar Cells and Modules

In a surprising development, the government in an amendment has split the earlier tariff item 8541 40 11 (solar cells whether or not assembled in modules or panels) into two; ...
/ / Markets & Policy, Solar
MNRE Proposes Basic Customs Duty on Imported Solar Cells and Modules

MNRE Proposes Basic Customs Duty on Imported Solar Cells and Modules

The Minister of Power R.K. Singh has proposed that basic customs duty (BCD) be imposed on imported solar cells and modules from April 2021 in a letter to the finance ...
/ / Markets & Policy, Solar
Jharkhand Adopts E-Mobility Program in Partnership With EESL

10 Drivers of EV Market in India

The Indian government launched the National E-Mobility Program in March 2018 to achieve 100 percent e-mobility by . Since then, the country has taken several policy initiatives to propel the growth ...
Government Proposes Customs Duty Hike on EV Parts to Incentivize Domestic Manufacturing

Government Proposes Customs Duty Hike on EV Parts to Incentivize Domestic Manufacturing

The Indian government recently notified the implementation of ‘Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)’ with a total budget outlay of ₹100 ...
To Boost Indigenous Manufacturing, Government Reduces Customs Duty on EV Components

To Boost Indigenous Manufacturing, Government Reduces Customs Duty on EV Components

In a move that could significantly influence the pace of EV adoption in the country, the government has reduced the applicable customs duty on parts and components of electric vehicles ...
How Low Did It Go_ 5 Lowest Solar Tariffs Quoted in 2018

MNRE’s New Portal Issues Concessional Customs Duty Certificates to Solar Developers

The Ministry of New and Renewable Energy (MNRE) has launched a new website for solar developers that will issue concessional customs duty certificates. These concessional certificates are given for setting ...
/ / Markets & Policy, Solar
Budget 2018-19: A Damp Squib for India’s Renewable Energy Sector

Budget 2018-19: A Disappointing Budget for Solar and Renewable Energy Sector

The much-anticipated Union Budget 2018-19 was tabled in parliament on 1 February 2018 by Finance Minister Arun Jaitley. However, the new budget for the coming financial year has, in most ...
/ / Markets & Policy, Solar
Solar Projects Delayed as Indian Ports Withhold the Release of Solar Panels

Solar Projects Delayed as Indian Ports Withhold the Release of Solar Panels

The misclassification of solar modules by port authorities has created confusion and delays in the Indian solar sector besieged by challenges. Ports and port authorities across the country have begun ...
/ / Markets & Policy, Solar