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 ...
Ministry of Power Recommends Uniform Slab of 5% GST on all Renewable Energy Components

Ministry of Power Recommends Uniform Slab of 5% GST on All Renewable Energy Components

The Ministry of Power (MoP) informed that it would be writing to the Department of Revenue recommending a uniform slab of 5% goods and services tax (GST) on all renewable ...
/ / Other, Renewable Energy
Maharashtra Regulator Approves Tariff Adoption for MSEDCL’s 500 MW Solar Auction

Maharashtra Regulator Approves Tariff Adoption for MSEDCL’s 500 MW Solar Auction

The Maharashtra Electricity Regulatory Commission (MERC) has allowed Maharashtra State Electricity Distribution Company (MSEDCL) to adopt the tariff discovered through a competitive bidding process for procuring power from 500 MW ...
/ / Markets & Policy, Solar
Solar Developer Asked to Approach SECI to Settle GST Claims Mutually

Solar Developer Asked to Approach SECI to Settle GST Claims Mutually

The Central Electricity Regulatory Commission (CERC), in a recent order, directed a solar developer to approach the Solar Energy Corporation of India (SECI) to settle the ‘Change in Law’ claims ...
Liquidated Damages for Solar Project Delays Attract 18% GST

Liquidated Damages for Solar Project Delays Attract 18% GST

The Telangana State Authority for Advance Ruling recently clarified that liquidated damages recovered by a solar developer from an engineering, procurement, and construction (EPC) service provider for the delay in ...
/ / Markets & Policy, Solar
DISCOMs Asked to Compensate Solar Developer for GST Claims

DISCOMs Asked to Compensate Solar Developer for GST Claims

The Karnataka Electricity Regulatory Commission (KERC), in a recent order, ruled in favor of a solar developer and directed four distribution companies (DISCOMs) of the state to compensate the developer ...
/ / Markets & Policy, Solar
Karnataka Commission Directs DISCOM to Compensate Solar Developer for GST Claims

Karnataka Commission Directs DISCOM to Compensate Solar Developer for GST Claims

The Karnataka Electricity Regulatory Commission (KERC) ruled in favor of Parampujya Solar Energy, a solar power developer declaring that it is eligible for compensation due to the enactment of Goods ...
/ / Markets & Policy, Solar
Delayed Solar Project in Karnataka Exempted from Liquidated Damages, Tariff Reduction

Delayed Solar Project in Karnataka Exempted from Liquidated Damages, Tariff Reduction

The Karnataka Electricity Regulatory Commission (KERC), in a recent order, ruled in favor of ReNew Wind Energy (MP Three) and condoned the delay in the commissioning of a 20 MW ...
/ / Markets & Policy, Solar
Solar Developer Asked to Resolve ‘Change in Law’ Claims With the Power Procurers

Solar Developer Asked to Resolve ‘Change in Law’ Claims With the Power Procurers

The Central Electricity Regulatory Commission (CERC) recently ruled that the solar developers must settle the ‘Change in Law’ claims mutually with the power procurers and approach the Commission only for ...
/ / Markets & Policy, Solar
CERC Declines to Review Discount Rate of Annuity Payments to Solar Developers

CERC Declines to Review Discount Rate of Annuity Payments to Solar Developers

The Central Electricity Regulatory Commission (CERC), in a recent order, rejected the request of the Madhya Pradesh Power Management Company Limited (MPPMCL) seeking to review the Commission’s earlier ruling, in ...
/ / Markets & Policy, Solar
Solar Industry Confused About GST Rates and Application

Solar Industry Confused About GST Rates and Application

The GST council, in September 2021, announced the GST increase for ‘specified renewable energy parts,’ from 5% to 12%, which came into effect the following month. With the rising ambiguity ...
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
APTEL Directs the State Commission to Hear Solar Developer's 'Change in Law' Claims

APTEL Directs the State Commission to Hear Solar Developer’s ‘Change in Law’ Claims

The Appellate Tribunal for Electricity (APTEL), in a recent order, directed the Rajasthan Electricity Regulatory Commission (RERC) to declare whether the Goods and Services Tax (GST) notification is a 'Change ...
/ / Markets & Policy, Solar
Tax and Duty Relief Top of the Budget 2022 Wishlist of Energy Storage Companies

Tax and Duty Relief Top of the Budget 2022 Wishlist of Energy Storage Companies

The Indian energy storage market did not gain much ground in 2021. However, energy storage developers believe 2022 will witness higher capacity additions. According to Mercom India Research, India has only 20 MW ...
Electric Vehicle Sector Lays Out Expectations for Budget 2022

Electric Vehicle Sector Lays Out Expectations for Budget 2022

The Indian electric vehicle (EV) industry is expecting favorable announcements as the Union Finance Minister, Nirmala Sitharaman, is set to present that Budget 2022 on February 1. Last year proved ...
/ / Electric Vehicles, Grid
Karnataka Commission Asks BESCOM to Compensate Solar Developer for GST Claims

Karnataka Commission Asks BESCOM to Compensate Solar Developer for GST Claims

The Karnataka Electricity Regulatory Commission (KERC) recently ruled in favor of a solar developer and allowed compensation for four solar projects of 20 MW each on the grounds of the ...
/ / Markets & Policy, Solar
APTEL Orders Bihar Electricity Regulator to Revisit Solar Developer’s GST Claims

APTEL Orders Bihar Electricity Regulator to Revisit Solar Developer’s GST Claims

The Appellate Tribunal for Electricity (APTEL), in a recent order, set aside the order passed by the Bihar Electricity Regulatory Commission (BERC) disallowing the benefits of an increase in tariff ...
/ / Markets & Policy, Solar
Industry Expects Energy Storage to Gain More Ground in 2022

Industry Expects Energy Storage to Gain More Ground in 2022

India's renewable energy capacity is growing exponentially, driven by the ambitious target of achieving 500 GW of non-fossil energy capacity by 2030. Energy storage is expected to play a critical ...
CERC Asks Solar Power Generator and Procurers to Settle ‘Change in Law’ Claims Mutually

CERC Asks Solar Power Generator and Procurers to Settle ‘Change in Law’ Claims Mutually

The Central Electricity Regulatory Commission (CERC) recently ruled that power generators and procurers should mutually settle claims under the ‘Change in Law’ provisions. The central regulator said that the affected ...
/ / Markets & Policy, Solar
Karnataka DISCOM Asked to Compensate Solar Project Developer for GST Claims

Karnataka DISCOM Asked to Compensate Solar Project Developer for GST Claims

The Karnataka Electricity Regulatory Commission (KERC) recently ruled in favor of Adani Green Energy (UP) and directed the Bangalore Electricity Supply Company (BESCOM) to compensate the solar project developer for ...
/ / Markets & Policy, Solar
Three Solar Projects Citing ‘Force Majeure’ Get Commissioning Deadline Extension

Three Solar Projects Citing ‘Force Majeure’ Get Commissioning Deadline Extension

The Karnataka Electricity Regulatory Commission (KERC) recently granted commissioning deadline extension to three solar projects on the ground of ‘force majeure’ events. It also approved the tariffs for the three ...
/ / Markets & Policy, Solar
Revised GST for Rooftop Solar Systems With Central Financial Assistance

Revised GST for Rooftop Solar Systems With Central Financial Assistance

The Ministry of New and Renewable Energy (MNRE) has clarified that Central Financial Assistance (CFA) for rooftop solar systems would be calculated as per the revisited Goods and Services Tax ...
/ / Markets & Policy, Solar
Commission Rejects Solar Developer's Claim for Service Tax and GST Compensation

Commission Rejects Solar Developer’s Claim for Service Tax and GST Compensation

The Central Electricity Regulatory Commission (CERC) has rejected a solar energy developer's compensation petition for the additional tax burden on operation and maintenance (O&M) expenses and carrying costs due to ...
/ / Markets & Policy, Solar
Solar Developer Allowed GST Compensation on Change in Law Grounds

Solar Developer Allowed GST Compensation on ‘Change in Law’ Grounds

The Central Electricity Regulatory Commission (CERC) recently directed Madhya Pradesh Power Management Company Limited (MPPMCL) and Delhi Metro Rail Corporation (DMRC) to compensate a solar developer for the additional cost ...
/ / Markets & Policy, Solar
SECI Paid ₹6.52 Billion for Solar and Wind Power Purchased in August

SECI Paid ₹6.52 Billion for Solar and Wind Power Purchased in August

The Solar Energy Corporation of India (SECI) paid ₹6.52 billion ($86.7 million) to solar and wind developers for the power purchased in August 2021. The disbursed amount accounted for 97% ...
/ / Markets & Policy, Solar