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 ...
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 ...
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
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 ...
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
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
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
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%
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
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
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
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
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 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
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
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
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
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 ...
DGTR To Review Continued Imposition of Safeguard Duty on Solar Cells and Modules Imports
The Directorate General of Trade Remedies (DGTR) is initiating a review investigation, for examining the need for the continued imposition of safeguard duty on the import of solar cells and ...
At 7.3 GW, India’s Solar Installations in 2019 Declined by 12%
India installed 7,346 MW of solar capacity in the calendar year (CY) 2019, a 12% decline year-over-year (YoY), compared to 8,338 MW in 2018, according to Mercom India Research’s newly ...
Impact of Basic Customs Duty on Solar Cells and Modules: Winners and Losers
Basic customs duty (BCD) on the import of solar cells and modules was announced at 20% in the Union Budget for 2020-21. While the exemption on this duty remains in ...
SECI’s 1.2 GW Solar Tender: Tariff Revision Allowed in Case of Duty Under Change in Law
The Solar Electricity Corporation of India (SECI) has amended the power purchase and sale agreement (PPA and PSA) for its 1,200 MW solar tender, adding another point to the existing ...
Reimburse Costs Incurred by Solar Developer Due to Safeguard Duty Imposition: CERC to NTPC
Responding to a recent petition, the Central Electricity Regulatory Commission (CERC) declared that the imposition of Safeguard Duty (SGD) in July 2018 was covered under the “Change in Law” clause ...
No Basic Customs Duty on Imported Solar Cells and Modules for Now
The basic customs duty on the import of solar cells and modules into the country will remain 'zero', for now, an official of the Ministry of Finance confirmed to Mercom ...
Uncertainty Around Proposed Basic Customs Duty of 20% on Imported Solar Cells and Modules
In a surprising development, the government in an amendment has split the earlier tariff item 8541 40 11 (solar cells whether or not assembled in modules or panels) into two; ...
