Solar Imports in CY 2020 Down by 78%, Exports Declined by 67%

Solar Imports in CY 2020 Down by 78%, Exports Declined by 67%

In the calendar year 2020, India imported solar cells and modules worth $475.78 million (~₹34.7 billion), a 78% drop compared to CY 2019. In CY 2019, the Indian solar sector had ...
Solar Manufacturers Seek Clarity on the Production-Linked Incentive Program

Solar Manufacturers Seek Clarity on the Production-Linked Incentive Program

The Indian government has been trying to boost the domestic manufacturing segment and make it globally competitive. In one such move, in November 2020, the government announced a production-linked incentive ...
/ / Markets & Policy, Solar
Solar Developers, DISCOM Spar Over CUF to be Considered for Safeguard Duty Reimbursement

Solar Developers, DISCOM Spar Over CUF to be Considered for Safeguard Duty Reimbursement

The Maharashtra Electricity Regulatory Commission (MERC) has said that if the generators revised the capacity utilization factor (CUF) as per the provisions of the power purchase agreement (PPA), then the ...
/ / Markets & Policy, Solar
2020 A Look Back_ Developments that Shaped the Solar Sector

2020 A Look Back: Developments that Shaped the Solar Sector

2020 took off with high expectations, with Mercom projecting over 8 GW in solar installations for the year right before the COVID-19 pandemic hit. After the lockdown in March, development ...
/ / Mercom Research Focus, Other
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 ...
Is there a Case for Basic Customs Duty on Solar Inverters_

Is there a Case for Basic Customs Duty on Solar Inverters?

To combat the impact of COVID-19, the government has announced various measures, and chief of them was the “Aatmanirbhar Bharat” or self-reliant India. One of the main initiatives under this ...
/ / Mercom Research Focus, Other
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
Avaada Clean Energy to be Compensated for Impact of Safeguard Duty on a 5 MW Project

Avaada Clean Energy to be Compensated for Impact of Safeguard Duty on a 5 MW Project

The Central Electricity Regulatory Commission (CERC) directed Kanpur’s Ordnance Factory Board (OFC) to pay ₹36 million (~$485,044) to Avaada Clean Energy Private Limited as compensation for the losses incurred due ...
/ / Markets & Policy, Solar
India Installs Just 205 MW of Solar Capacity in Q2 2020

India Installs Just 205 MW of Solar Capacity in Q2 2020

India added only 205 MW of solar capacity in the second quarter of 2020 (Q2 2020), an 81% decline from the previous quarter's 1,090 MW of additions. The findings were ...
Long-Term Basic Customs Duty Crucial for India’s Solar Sector_ Roundtable

Long-Term Basic Customs Duty Crucial for India’s Solar Sector: Roundtable

Mercom India held a webinar on August 4, 2020, to discuss the pressing issues and opportunities in the Indian renewable energy sector amid the COVID-19 pandemic. The roundtable discussed the ...
/ / Markets & Policy, Solar
India’s Solar Imports Plunged by 83% in Q2 2020

India’s Solar Imports Plunged by 83% in Q2 2020

Indian solar imports declined by 83% in the second quarter (Q2) of the calendar year (CY) 2020, totaling $69 million (₹5.15 billion) as compared to $399 million (₹29.7 billion) during ...
Experts from IREDA, ReNew Power, Fimer, RenewSys to Analyze Shifts in the Solar Industry

Experts from IREDA, ReNew Power, Fimer, RenewSys to Analyze Shifts in the Solar Industry

Mercom India will host another webinar session on August 4, 2020, to help the solar industry get a clearer perspective on the most pressing issues and opportunities in the Indian ...
India Extends Imposition of Safeguard Duty on Solar Imports by Another Year

India Extends Imposition of Safeguard Duty on Solar Imports by Another Year

The Department of Revenue under the Ministry of Finance (MoF) has issued a notification imposing safeguard duty (SGD) on the import of solar cells and modules to India for another ...
India Set to Extend Levy of Safeguard Duty on Solar Imports by Another Year

India Set to Extend Levy of Safeguard Duty on Solar Imports by Another Year

The Director-General of Trade Remedies (DGTR) has recommended the extension of the safeguard duty (SGD) on the import of solar cells and modules to India for another year starting July ...
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 ...
Highlights from DGTR Hearing on Continued Imposition of Safeguard Duty on Solar Imports

Highlights from DGTR Hearing on Continued Imposition of Safeguard Duty on Solar Imports

The Director-General of Trade Remedies (DGTR) conducted an oral hearing where domestic and international industry representatives put forth their representations about the continued imposition of safeguard duty (SGD) on the ...
Hearing on Continued Imposition of Safeguard Duty on Solar Imports Rescheduled

Hearing on Continued Imposition of Safeguard Duty on Solar Imports Rescheduled

The Director-General of Trade Remedies (DGTR) has rescheduled the oral hearing to discuss the continued imposition of safeguard duty (SGD) on the import of solar cells and modules to India ...
ReNew Power to be Compensated for Impact of Safeguard Duty on its 250 MW Solar Project

ReNew Power to be Compensated for Impact of Safeguard Duty on its 250 MW Solar Project

The Maharashtra Electricity Regulatory Commission (MERC) has ruled that ReNew Solar Power Private Limited is eligible for claiming compensation for the additional expenses incurred due to the imposition of safeguard ...
ACME Solar to be Reimbursed for Bonds Furnished Against Safeguard Duty Cost

ACME Solar to be Reimbursed for Bonds Furnished Against Safeguard Duty Cost

The Maharashtra Electricity Regulatory Commission (MERC) issued an order declaring that ACME Chittorgarh Solar Energy Private Limited (ACSEPL) was eligible for claiming compensation for additional expenses incurred due to the ...
India’s Solar Imports Nosedive in Q1 2020 Amid Lockdown Due to COVID-19

India’s Solar Imports Nosedive in Q1 2020 Amid Lockdown Due to COVID-19

India’s solar imports fell by 77% year-over-year (YoY) in the first quarter (Q1) of the calendar year (CY) 2020 with $151 million (~₹10.8 billion) compared to $650 million (₹45.8 billion) ...
Impact of Basic Customs Duty on Solar Manufacturers Located in India’s SEZs

Impact of Basic Customs Duty on Solar Manufacturers Located in India’s SEZs

The Indian government has introduced several protectionist policies in the recent past to boost domestic manufacturing in the solar sector. Some of these measures include the anti-dumping duty, safeguard duty, ...
Hearing on Continued Levy of Safeguard Duty on Solar Imports to be Held on June 11, 2020

Hearing on Continued Levy of Safeguard Duty on Solar Imports to be Held on June 11, 2020

The Director-General of Trade Remedies (DGTR) will hold an oral hearing on June 11, 2020, to discuss the continued imposition of safeguard duty (SGD) on the import of solar cells ...
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) ...
Pay GST, Safeguard Duty Compensation to Solar Developers in 60 Days_ MNRE to SECI and NTPC

Pay GST, Safeguard Duty Compensation to Solar Developers in 60 Days: MNRE to SECI and NTPC

The Ministry of New and Renewable Energy (MNRE) has released a circular stating that Goods and Services Tax (GST) and Safeguard Duty (SGD) compensation to solar project developers should be ...
/ / Markets & Policy, Solar