RK Singh Rallies for Removal of Priority Sector Lending Limit for Renewable Projects

RK Singh Rallies for Removal of Priority Sector Lending Limit for Renewable Projects

Union Power Minister R.K. Singh held a meeting recently in the national capital to review the issues affecting the renewable energy sector. The meeting was attended by various stakeholders including ...
CERC Dismisses Adani Green’s Petition Against Power Grid Corporation

Maharashtra Commission Rejects Solar Power Developer’s Petition for GST Compensation

Independent solar power producer Azure Power’s petition to Maharashtra Electricity Regulatory Commission (MERC), requesting to order Maharashtra State Power Generation Company (MSGPCL or MAHAGENCO) to compensate the company for the ...
Month in a Minute: Major News Highlights from India’s Solar Industry in May 2019

Month in a Minute: Major News Highlights from India’s Solar Industry in May 2019

There was a lag in the rapid pace of activities in the renewable energy sector during the month of May. The ongoing Lok Sabha elections had slowed down the tenders ...
India Added 1.7 GW of Solar PV in Q1 2019, Rooftop Installations Declined

India Added 1.7 GW of Solar PV in Q1 2019, Rooftop Installations Declined

Solar installations in India in Q1 2019 increased slightly at 1,737 MW, 4% growth compared to 1,638 MW installed in Q4 2018. Installations were down by 49% year-over-year (YoY) compared ...
Delhi High Court Directs GST Council to Review Tax Structure for Solar Projects

Delhi High Court Directs GST Council to Review Tax Structure for Solar Projects

After reviewing a petition filed by the Solar Power Developers Association (SPDA) that challenges the new tax formulation structure for solar projects, a bench of the Delhi High Court has ...
Hero Future, Vikram Solar and ACME go to Court Opposing Safeguard Duty Imposed by DGTR

Renewable Energy Generators Approach Delhi High Court over Levy of GST on RECs

After paying GST of 12% on renewable energy certificates (RECs), renewable energy project developers who are part of the REC mechanism have approached the Delhi High Court to provide relief ...
/ / Other, Renewable Energy
NHPC Invites EPC Contractors to Construct a 40 MW Solar Project in Odisha

Any Tax Levied Through an Act of Parliament Resulting in Extra Cost is ‘Change in Law’: CERC

The Central Electricity Regulatory Commission (CERC) has observed that the enactment of Goods and Services Tax (GST) that came into effect from July 1, 2017, will be covered under the ...
/ / Markets & Policy, Solar
Solar and Renewable Energy Policy Roundup from February 2019

Solar and Renewable Energy Policy Roundup from February 2019

February, the shortest month of the year, witnessed some big announcements for the domestic renewable industry, like the imposition of anti-dumping duty on tempered solar glass and EVA sheets. Here ...
/ / Markets & Policy, Solar
India Installs 8.3 GW of Solar in 2018

India Installs 8.3 GW of Solar in 2018

The Indian solar market installed 8,263 MW in 2018, down 15.5 percent compared to 9,782 MW in 2017 as the safeguard duty, GST issues, and land and transmission issues took ...
CERC Provides Relief to Solar Developers in the Matter of GST Compensation

CERC Provides Relief to Solar Developers in Matter of GST Compensation

In a positive development for the domestic renewable industry, the Central Electricity Regulatory Commission (CERC) has provided relief to solar project developers with regards to the effect of goods and ...
/ / Markets & Policy, Solar
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 ...
Budget 2019: Tempered Expectations from India’s Solar Industry

Budget 2019: Tempered Expectations from India’s Solar Industry

The year 2018 was a tumultuous one for the solar industry. Vague interpretation of the Goods and Services Tax (GST) rates led to a long period of confusion which in ...
/ / Markets & Policy, Solar
SECI’s 1.2 GW Solar Tender Oversubscribed by 900 MW

The Effective Rate of GST on Solar Projects is 8.9%, Argues SPDA in Letter to Jaitley

Keeping in view the lingering uncertainty regarding the applicable rate of GST on various components that go into the making of a solar project, the GST Council, in its 31st ...
/ / Markets & Policy, Solar
Solar Developers Complain They Have to Pay GST on Safeguard Duty, Request Reimbursement

Solar Developers Complain They Have to Pay GST on Safeguard Duty, Request Reimbursement

It has been almost 6 months since the imposition of safeguard duty on solar imports to India. However, the industry is still clamoring for clarity amid a plethora of problems ...
/ / Markets & Policy, Solar
Funding into the Global Solar Sector Falls to $2 Billion in Q1 2018

Indian Renewable Energy Sector Received $3.2 Billion in FDI During 2015-2018: DIPP

The Indian renewable energy sector received approximately $3.2 billion in the form of foreign direct investment (FDI) from April 2015 to June 2018, says data released by the Department of ...
/ / Other, Renewable Energy
India Was the Second Largest Solar Market in First Half of 2018

Mercom India’s Most Read Articles of 2018

2018 was an eventful year for the Indian solar market with imposition of duties, policy upheavals, and a lack of clarity which collectively may result in a down year for ...
/ / Markets & Policy, Solar
GST Council Recommends 5% GST for 70% of Solar Project Cost

GST Council Recommends 5% GST Rate for 70% of Solar Project Cost

After waiting for months for clarity on Goods and Services Tax (GST) rates, the GST Council has now given its recommendations on solar power generating projects and other renewable energy ...
/ / Markets & Policy, Solar
Azure Power Closes $88 Million in Financing for its 200 MW Solar Project in Bhadla

India Was the Second Largest Solar Market in 9M 2018

India’s solar installations came in second worldwide during the first nine months of 2018 in terms of solar capacity addition. China added a whopping 34.5 GW of solar PV capacity ...
/ / Markets & Policy, Solar
GST Introduction to be Treated as Change in Law for Transmission Service Providers: CERC

GST Introduction to be Treated as Change in Law for Transmission Service Providers: CERC

The Central Electricity Regulatory Commission (CERC) has issued an order stating that the introduction of Goods and Services Tax (GST) that came into effect from July 1, 2017 will constitute ...
/ / Markets & Policy, Solar
Intersolar Bangalore Day 1: Solar Industry Still in a Funk from Safeguard duty and GST

Intersolar Bangalore Day 1: Solar Industry Still in a Funk from Safeguard duty and GST

The Indian solar sector is still experiencing a hangover from the safeguard duty imposition and Goods and Services Tax (GST). This appeared to be the popular sentiment of solar project ...
/ / Markets & Policy, Solar
Solar Imports and Exports

India’s Solar Exports Jumped by 223% While Imports Increased by 38% in Q3 2018

Indian solar imports spiked considerably in the third quarter (Q3) of calendar year (CY) 2018. According to the latest data from the Department of Commerce, solar modules and cells worth ...
/ / Mercom Research Focus, Other
Stakeholders Urge Government to Provide Clarity on Applicable GST Rates on Solar Projects

Stakeholders Urge Government to Provide Clarity on Applicable GST Rates on Solar Projects

The Solar Association recently organised a conference in the national capital to discuss issues related to the Indian solar sector. The discussion ranged from the current trends and common pain ...
/ / Markets & Policy, Solar
CERC Issues Order to Provide ₹2,153.9 Million in GST Relief to Two Solar Project Developers

CERC Issues Order to Provide ₹2,153.9 Million in GST Relief to Two Solar Project Developers

The Central Electricity Regulatory Commission (CERC) has issued an order to compensate solar power developers (SPDs) by reimbursing the sum that was incurred as additional capital expenditure after the introduction ...
/ / Markets & Policy, Solar
GST Rate 5% or 18%? Solar Sector Continues to Live with Uncertainty

GST Rate 5% or 18%? Solar Sector Continues to Live with Uncertainty

Passed on 1st July 2017, India’s Goods and Services Tax (GST) is an indirect tax imposed on goods and services, and replaces existing state and central taxes of a similar ...
/ / Markets & Policy, Solar
Off-Grid Solar Market Remains Buoyant Despite 7% Dip in Sales

India Grabs the Top Spot, Sells 1.3 Million Off-Grid Solar Products in H1 2018: Report

According to a newly published report by the Global Off-Grid Lighting Association (GOGLA), India has emerged as the world’s largest cash market for off-grid solar products, with 1.3 million products ...
/ / Off-grid, Solar