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
Can Solar Developers Rely on Local Manufacturers for Module Supply Without Disruptions

Can Solar Developers Rely on Local Manufacturers for Module Supply Without Disruptions?

The government's focus lately has shifted strongly towards establishing a domestic solar manufacturing base. The government has levied safeguard duty, Basic Customs Duty (BCD), introduced the approved list of module ...
/ / Mercom Research Focus, Other
Regulator Sets Incremental Tariffs for Solar Safeguard Duty Compensation

Regulator Sets Incremental Tariffs for Solar Safeguard Duty Compensation

The Karnataka Electricity Regulatory Commission (KERC), in a recent order, ruled that Fortum Solar India is entitled to compensation for the additional cost incurred due to the imposition of safeguard ...
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 ...
CERC Reserves Judgment on Solar Developer’s Safeguard Duty Compensation Plea

CERC Reserves Judgment on Solar Developer’s Safeguard Duty Compensation Plea

The Central Electricity Regulatory Commission (CERC), in a recent order, directed Phelan Energy India RJ, a solar developer, to file its response for the delay of 161 days in seeking ...
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 Developers Ask For Stay on Anti-Dumping Probe, Court Gives Time for Feedback

Solar Developers Ask for Stay on Anti-Dumping Probe, Court Gives Time for Feedback

The Delhi High Court has directed the Directorate General of Trade Remedies (DGTR) to extend the deadline for providing feedback for the anti-dumping investigation on imported solar cells and modules ...
Uncertainty Surrounds the Fate of Safeguard Duty After July 2021

Uncertainty Surrounds the Fate of Solar Safeguard Duty After July 2021

The crucial duty of protecting domestic solar cell and module manufacturers in India against imports from China PR, Thailand, and Vietnam is set to end on July 29, 2021. Until ...
Solar Developers Caught Between Time Extension and Safeguard Duty Reimbursement Pleas

Solar Developers Caught Between Time Extension and Safeguard Duty Reimbursement Pleas

Tata Power Renewable Energy Limited (TPREL) had filed petitions with the Uttar Pradesh Electricity Regulatory Commission (UPERC) on extending the validity of safeguard duty as a 'Change in Law' event ...
Solar Developer's Plea for Safeguard Duty Compensation Rejected as Premature

Solar Developer’s Plea for Safeguard Duty Compensation Rejected as Premature

The Maharashtra Electricity Regulatory Commission (MERC), in a recent order, dismissed the petition of ACME Heergarh Powertech, seeking compensation to offset the alleged financial impact that imposing safeguard duty led ...
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 ...
CERC Asks SECI to Compensate Solar Developer for Impact of Safeguard Duty

CERC Asks SECI to Compensate Solar Developer for Impact of Safeguard Duty

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 increased cost incurred due to ...
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
Solar Supply Chain and Mitigating Market Surprises

Solar Supply Chain and Mitigating Market Surprises

Over the past year, the one certain thing in the solar industry has been the 'uncertainty.' Starting with the COVID-19 pandemic and the subsequent closing down of markets, labor challenges, ...
/ / Markets & Policy, Solar
NSEFI Seeks Interest Waiver to Help Solar Developers Clear Unpaid Safeguard Duty Dues

NSEFI Seeks Interest Waiver to Help Solar Developers Clear Unpaid Safeguard Duty Dues

The National Solar Energy Federation of India (NSEFI) has requested the Central Board of Indirect Taxes and Customs (CBIC) to introduce a 'Legacy Dispute Resolution/Settlement Program to help eligible safeguard ...
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 ...