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) ...
Additional Costs Borne by Solar Developers Due to GST Imposition to be Reimbursed

Additional Costs Borne by Solar Developers Due to GST Imposition to be Reimbursed

In a recent order, the Central Electricity Regulatory Commission declared that the introduction of Goods and Services Tax (GST) fell within the scope of the “Change in Law” clause for ...
SECI to Reimburse Additional Charges Incurred by Hero Solar Due to GST Enactment

SECI to Reimburse Additional Charges Incurred by Hero Solar Due to GST Enactment

The Central Electricity Regulatory Commission (CERC) has said that the introduction of the Goods and Services Tax (GST) falls under the scope of the “Change in Law” clause of power ...
Solar PPAs Without Restitution Principle Can’t Claim Carrying Cost Compensation_ CERC

Solar PPAs Without Restitution Principle Can’t Claim Carrying Cost Compensation: CERC

The Central Electricity Regulatory Commission (CERC) has dismissed the request of Prayatna Developers Private Limited (PDPL), (a subsidiary of Adani Green Energy), to grant carrying cost on Goods and Services ...
/ / Markets & Policy, Solar
Prime Minister’s Office Proposes Waiving Carbon Tax on Coal

Prime Minister’s Office Proposes Waiving Carbon Tax on Coal

According to a communique reviewed by Mercom, the Indian Prime Minister Narendra Modi’s office has proposed waiving the Goods and Services Tax (GST) Compensation Cess, (earlier called the Clean Energy ...
CERC Dismisses Azure Solar’s Claim for GST Compensation on O&M Expenses

CERC Dismisses Azure Solar’s Claim for GST Compensation on O&M Expenses

The Central Electricity Regulatory Commission (CERC) has dismissed the petitions filed by Azure Power against the National Thermal Power Corporation (NTPC) and Solar Energy Corporation of India Ltd. (SECI) requesting ...
/ / Markets & Policy, Solar
Mercom Research Focus, Q2 2019, 1H 2019, India Solar Installations, India Solar Market, Renewables, Rooftop Solar, GST, Safeguard Duty, Modules, Export Import, Cumulative Solar Installations, Tariff Caps, Tender and Auction, State Installations, Utility-scale, New Power Addition

1.5 GW of Solar Capacity Installed in India During Q2 2019

Solar installations in India in Q2 2019 witnessed a slight decline with 1,510 MW, a 14% quarter-over-quarter (QoQ) decrease compared to 1,761 MW installed in Q1 2019. Installations were down ...
/ / Markets & Policy, Solar
Delhi Slashes Tariffs for EV Charging to Promote Electric Mobility

Delhi Slashes Tariffs for EV Charging to Promote Electric Mobility

In a step to curb pollution in the city, the Delhi Electricity Regularity Commission (DERC) has cut down the rates of charging stations for e-rickshaws and other electric vehicles. Residential ...
5,646 Electric Buses Approved Across 65 Cities

5,646 Electric Buses Approved Across 65 Cities

The CEO of NITI Aayog, Amitabh Kant, recently said that the inter-ministerial panel had approved 5,645 electric buses for operations in 65 cities in the country. Electric buses have also ...
In a Boost to Electric Mobility, India Slashes GST on Electric Vehicles from 12% to 5%

In a Boost to Electric Mobility, India Slashes GST on Electric Vehicles from 12% to 5%

In a positive development towards increasing electric mobility in the country, the government has cut the applicable rate of Goods and Services Tax (GST) on electric vehicles (EVs). The 36th ...
Budget 2019 Provides Impetus to India’s Transition to E-Mobility and EV Manufacturing

Budget 2019 Provides Impetus to India’s Transition to E-Mobility and EV Manufacturing

In the latest Union Budget for FY 2019-2020, the Modi government 2.0 has provided strong support to the nascent electric vehicle industry with the announcement of tax incentives to speed ...
Azure’s Petition before MERC Seeking Declaration of GST as Change in Law Dismissed

Azure’s Petition before MERC Seeking Declaration of GST as Change in Law Dismissed

The Maharashtra Electricity Regulatory Commission (MERC) has dismissed a plea requesting that the introduction of Goods and Services Tax (GST) be treated as a ‘Change in Law’ event. The petition, filed ...
SECI ISTS Tenders

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 ...