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
Empanelment Tender for 200 MW of Residential Rooftop Solar Systems Issued in Maharashtra

Empanelment Tender for 200 MW of Residential Rooftop Solar Systems Issued in Maharashtra

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has invited bids for empaneling agencies to install 200 MW of grid-connected residential rooftop solar systems under the capital expenditure (CAPEX) model ...
/ / Solar, Tenders & Auctions
Month in a Minute Top Headlines from Indian Renewable Sector in September 2021

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

Here is a recap of some of the most important headlines from August 2021: India’s solar open access installations totaled 209 MW in the second quarter (Q2) of 2021, a ...
/ / Other, Renewable Energy
Developers Worried Over Proposed GST Hike on Solar Modules From 5% to 12%

Developers Worried Over Proposed GST Hike on Solar Components from 5% to 12%

The Goods and Service Tax (GST) Council's recommendation to raise GST on solar components from 5% to 12% has project developers worried about its impact on project costs. The GST ...
/ / Mercom Research Focus, Other
Discount Rate of Annuity Payments to Solar Developers Will be 10.41%: CERC

Discount Rate of Annuity Payments to Solar Developers Will be 10.41%: CERC

The Central Electricity Regulatory Commission (CERC), in a recent order, has reiterated Solar Energy Corporation of India's (SECI) proposal for a 10.41% discount rate on annuity payments towards the additional ...
/ / 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), in a recent order, directed the Solar Energy Corporation of India (SECI) to compensate a solar developer for the additional cost incurred due to ...
/ / Markets & Policy, Solar
SECI Pays ₹6.61 Billion to Solar and Wind Developers for Power Purchased in June

SECI Pays ₹6.61 Billion to Solar and Wind Developers for Power Purchased in June

The Solar Energy Corporation of India (SECI) paid around ₹6.61 billion (~$89 million) to solar and wind developers for the power it purchased in June 2021, according to the data ...
/ / Markets & Policy, Solar
SECI Pays ₹4.91 Billion to Solar and Wind Developers For Power Purchase in May

SECI Pays ₹4.91 Billion to Solar and Wind Developers for Power Purchase in May

The Solar Energy Corporation of India (SECI) paid around ₹4.91 billion (~$66 million) to solar and wind developers for the power it purchased in May 2021, according to the data ...
SECI Asked to Compensate Solar Developer for GST, Safeguard Duty Imposition

SECI Asked to Compensate Solar Developer for GST, Safeguard Duty Imposition

The Central Electricity Regulatory Commission (CERC), in a recent order, ruled that Clean Solar Power (Bhadla), a subsidiary of Hero Solar Energy, was entitled to compensation for the additional expense ...
Solar Developer and NTPC Spar Over GST Compensation Claim

Solar Developer and NTPC Spar Over GST Compensation Claim

Renew Wind Energy (TN2) has filed a petition before the Central Electricity Regulatory Commission (CERC), seeking clarification on a previous order it had passed on considering goods and services tax ...
/ / Markets & Policy, Solar
SECI Asked to Compensate Solar Developer for GST and Safeguard Duty Impact

SECI Asked to Compensate Solar Developer for GST and Safeguard Duty Impact

The Central Electricity Regulatory Commission (CERC), in a recent ruling, directed the Solar Energy Corporation of India (SECI) to compensate a solar developer for the increase in cost incurred due ...
Solar Developer’s Plea for GST Compensation Dismissed by Maharashtra Commission

Solar Developer’s Plea for GST Compensation Dismissed by Maharashtra Commission

Citing an increase in costs as a result of a change in the rate of Goods and Services Tax (GST), Azure Power Thirty Four, a wholly-owned subsidiary of Azure Power, ...
Maharashtra Electricity Regulator Denies Solar Developer’s Plea for GST Compensation

Maharashtra Electricity Regulator Denies Solar Developer’s Plea for GST Compensation

Citing a surge in costs on account of change in the rate of Goods and Services Tax (GST), Tata Power Renewable Energy Limited (TPREL) had approached the Maharashtra Electricity Regulatory ...
SECI Payouts to Solar and Wind Developers Down to ₹4.08 Billion in February 2021

SECI Payouts to Solar and Wind Developers Down to ₹4.08 Billion in February 2021

The Solar Energy Corporation of India (SECI) paid nearly ₹4.08 billion (~$56.2 million) to solar and wind developers for the purchase of power in February 2021, as per the data ...
/ / Finance and M&A, 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
SECI Payouts to Solar, Wind Developers up Slightly at ₹3.85 Billion in November 2020

SECI Payouts to Solar, Wind Developers up Slightly at ₹3.85 Billion in November 2020

The Solar energy Corporation of India (SECI) paid nearly ₹3.85 billion (~$52.6 million) to solar and wind developers in November 2020, which amounted to over 60% of the total amount ...
Three More Solar Developers in Telangana to Receive GST and VAT Refunds

Three More Solar Developers in Telangana to Receive GST and VAT Refunds

The Telangana Government has approved a payment of ₹73.76 million ($1 million) to three solar developers towards refund of State Goods & Services Tax/Value Added Tax (SGST/VAT) on inputs used ...
/ / Markets & Policy, Solar
Telangana Government to Pay ₹400 Million to Solar Developers in GST and VAT Refunds

Telangana Government to Pay ₹400 Million to Solar Developers in GST and VAT Refunds

The Telangana government has approved the release of ₹400.19 million (~$5.48 million) to Mytrah Agriya Power and six other solar firms toward the refund of State Goods and Services Tax ...
/ / Markets & Policy, Solar
SECI’s Disbursement to Solar and Wind Developers Dips Slightly to ₹3.7 Billion in October

SECI’s Disbursement to Solar and Wind Developers Dips Slightly to ₹3.7 Billion in October

The Solar energy Corporation of India (SECI) paid nearly ₹3.7 billion (~$50.2 million) to solar and wind developers in October 2020, which amounted to 48.9% of the total amount disbursed ...
/ / Finance and M&A, Solar
Should Solar Generators Worry About SECI Amid Rising Dues from DISCOMs_

Should Solar Generators Worry About SECI Amid Rising Dues from DISCOMs?

Solar Energy Corporation of India (SECI) has started reimbursing renewable developers' claims falling under the 'change in law' clause. These reimbursements have been filed for the additional costs incurred by ...
SECI Released Over ₹4.5 Billion to Clear Dues of Solar and Wind Developers in September

SECI Released Over ₹4.5 Billion to Clear Dues of Solar and Wind Developers in September

The Solar Energy Corporation of India (SECI) paid out nearly ₹4.53 billion (~$61.6 million) for solar and wind power purchases in September 2020, according to the latest data. This amounted ...
SECI Paid ₹4.6 Billion to Solar and Wind Developers in August 2020

SECI Paid ₹4.6 Billion to Solar and Wind Developers in August 2020

The Solar Energy Corporation of India (SECI) paid nearly ₹4.6 billion (~$62.4 million) to solar and wind developers in August 2020, which amounted to almost 84% of the total amount ...
/ / Markets & Policy, Solar
Solar Industry Asks IREDA to Pay GST and Safeguard Duty Receivables at 10.41%

Solar Industry Asks IREDA to Pay GST and Safeguard Duty Receivables at 10.41%

In a letter addressed to the Ministry of New and Renewable Energy (MNRE), the National Solar Federation of India (NSEFI) has asked SECI and IREDA’s policies on loan and interest ...
Petition Questions SECI's Annuity Method for Dispensing Solar GST Claims

Petition Questions SECI’s Annuity Method for Dispensing Solar GST Claims

A recent petition filed by ACME Jodhpur Solar Power Private Limited before the Central Electricity Regulatory Commission (CERC) sought clarification regarding the Goods and Services Tax (GST) compensation for the ...
Solar Developers Urge Karnataka to Fast Track Safeguard Duty Reimbursements

Solar Developers Urge Karnataka to Fast Track Safeguard Duty Reimbursements

The National Solar Energy Federation of India (NSEFI) has written a letter to BS Yeddyurappa, the Chief Minister of Karnataka, asking him to direct the Karnataka Electricity Regulatory Commission (KERC) ...