SECI Paid ₹8.13 Billion to Wind and Solar Power Generators in August 2022

SECI Paid ₹8.13 Billion to Wind and Solar Power Generators in August 2022

The Solar Energy Corporation of India (SECI) released ₹8.13 billion (~$98.3 million) in payments to solar and wind power generators for the power purchased in August 2022. The disbursal accounted ...
/ / Markets & Policy, Solar
Large-Scale Solar Installations in India Have Surpassed 50 GW

Large-Scale Solar Installations in India Have Surpassed 50 GW

India has added over 50 GW of utility-scale solar capacity as of August 2022, just 9.7 GW shy of meeting the government-set target of installing 60 GW by 2022, according ...
MNRE Notifies BCD and Hike in GST Rates as ‘Change in Law’ Events But With a Condition

MNRE Notifies BCD and Hike in GST Rates as ‘Change in Law’ Events But With a Condition

The Ministry of New and Renewable Energy (MNRE) has said the imposition of basic customs duty (BCD) and hike in goods and services tax (GST) from 5% to 12% should ...
/ / Markets & Policy, Solar
APTEL Allows Carrying Cost Claims of Solar Developers Due to ‘Change in Law’ Events

APTEL Allows Carrying Cost Claims of Solar Developers Due to ‘Change in Law’ Events

The Appellate Tribunal For Electricity (APTEL) has allowed carrying cost pass-through under ‘Change in Law’ to solar developers whose petitions were earlier rejected by the Central Electricity Regulatory Commission (CERC) ...
/ / Markets & Policy, Solar
Rajasthan Commission Approves Safeguard Duty, GST, and BCD as 'Change in Law' Events

Rajasthan Commission Approves Safeguard Duty, GST, and BCD as ‘Change in Law’ Events

The Rajasthan Electricity Regulatory Commission (RERC) recently ruled that the change in rates of safeguard duty, basic customs duty (BCD) on inverters, levy of BCD on the import of solar ...
/ / Markets & Policy, Solar
SECI Asked to Reimburse Solar Developer’s GST Claims

SECI Asked to Reimburse Solar Developer’s GST Claims

The Central Electricity Regulatory Commission (CERC) recently directed the Solar Energy Corporation of India (SECI) to compensate a solar developer for the additional cost incurred due to the imposition of ...
/ / Markets & Policy, Solar
CERC Directs SECI to Compensate Solar Developer for GST Claims

CERC Directs SECI to Compensate Solar Developer for GST Claims

The Central Electricity Regulatory Commission (CERC) recently directed the Solar Energy Corporation of India (SECI) to compensate a solar developer for the additional cost incurred due to the imposition of ...
/ / Markets & Policy, Solar
Solar Developer to be Compensated for Additional O&M Cost Incurred Due to GST Imposition

Solar Developer to be Compensated for Additional O&M Cost Incurred Due to GST Imposition

The Bihar Electricity Regulatory Commission (BERC) recently directed the Bihar State Power Holding Company (BSPHCL) to compensate a solar developer for 'Change in Law' claims due to the imposition of ...
/ / Markets & Policy, Solar
Daily News Wrap-Up: GST Rates for Solar Water Heaters and Systems Hiked to 12%

Daily News Wrap-Up: GST Rates for Solar Water Heaters and Systems Hiked to 12%

Here are some noteworthy cleantech announcements of the day from around the world: The Goods and Services Tax (GST) council announced the increase of GST on solar water heaters and ...
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