Clean Energy Tech Firm Ecozen Raises $30 Million for Global Expansion

SJVN Green Energy Invites Bids to Source Land for 200 MW Solar Projects in Assam

Avaada Inks ₹45 Billion Refinancing Deal for Four Solar Projects in Rajasthan

Daily News Wrap-Up: Application Process for ALMM Inclusion and Renewal

Australia Adds 5.9 GW of Renewable Capacity to the Grid in 2023

POWERGRID Wins Contracts to Evacuate 18 GW of Renewable Energy

MNRE Seeks Feedback on Guidelines for PM-Surya Ghar Rooftop Solar Program

Apple Partners with CleanMax to Power India Operations with Renewable Energy

Explainer: Application Process for ALMM Inclusion and Renewal

EU Member States Sign Solar Charter to Boost Domestic Manufacturing

<p>The month of September witnessed some key announcements in the Indian solar industry. For instance, an order passed by the Supreme Court ended the ongoing confusion on the imposition of safeguard duty. India also achieved 25 GW of installed solar photovoltaic (PV) capacity, according to <a href="https://mercomindia.com/research/" target="_blank" rel="noopener">Mercom India Research</a>.</p>
<p>Here are some of the other key highlights from the month:</p>
<p><strong>India was the <a href="https://mercomindia.com/india-second-largest-solar-market-1h-2018/" target="_blank" rel="noopener">second largest solar market</a> in the world</strong> surpassing the United States in terms of solar capacity addition in the first half (1H) of 2018. While China added 24.3 GW of solar PV capacity in 1H of 2018, India added 4.9 GW in 1H 2018 and the United States added 4.7 GW of solar PV capacity.</p>
<p><strong>The total installed solar capacity in India <a href="https://mercomindia.com/india-25-gw-solar-capacity-installed/" target="_blank" rel="noopener">crossed 25 GW</a></strong>, inching its way closer to the 2022 target of 100 GW. In the first half of 2018, about 5 GW of solar capacity was installed across the country including both large-scale and rooftop solar. According to  <a href="https://mercomindia.com/research/" target="_blank" rel="noopener">Mercom India Research</a>, approximately 1 MW of solar PV capacity was installed every hour in India in the first half of 2018.</p>
<p>Solar <strong>renewable energy certificate (REC)</strong> trading witnessed an <a href="https://mercomindia.com/solar-rec-trading-spike-september-2018/" target="_blank" rel="noopener">unprecedented spike</a> in the month of September 2018. A total of 1,558,062 solar RECs were traded in September 2018. This is 1,071,933 more solar RECs than the 486,129 solar RECs traded in <a href="https://mercomindia.com/solar-rec-trade-slump-august/" target="_blank" rel="noopener">August 2018</a>. All solar RECs were traded at a floor price of ₹1,000 (~$13.81)/REC.</p>
<p>The <strong>Taiwanese delegation at the World Tarde Organization (WTO) <a href="https://mercomindia.com/taiwan-consultation-india-wto-solar-safeguard/" target="_blank" rel="noopener">has requested consultation</a> with New Delhi</strong> <a href="https://mercomindia.com/taiwan-consultation-india-wto-solar-safeguard/" target="_blank" rel="noopener">on the issue of </a> 25 percent safeguard duty on solar imports from China and Taiwan. In its communication, Taiwan suggested holding the consultations as soon as possible. The communique also stated that the separate customs territory looks forward to India’s positive response to this request.</p>
<p>The Bombay Stock Exchange (BSE), ICICI bank, and PTC India <a href="https://mercomindia.com/bse-icici-ptc-appeal-cerc-power-exchange/" target="_blank" rel="noopener">have filed a petition</a> with the Central Electricity Regulatory Commission (CERC) for grant of license in order to set up a <strong>new power exchange</strong>.</p>
<p>In a significant order, the <strong>Supreme Court of India <a href="https://mercomindia.com/supreme-court-allows-government-safeguard-duty-solar/" target="_blank" rel="noopener">made it clear</a> that safeguard duty will be levied effective July 30, 2018</strong>. Through this interim order, the apex court of the country nullified the <a href="https://mercomindia.com/orissa-court-asks-finance-ministry-withdraw-safeguard/" target="_blank" rel="noopener">Orissa High Court’s stay order</a> on levy of safeguard duty on imported solar cells and modules.</p>
<p>The <strong>government has <a href="https://mercomindia.com/govt-to-exempt-evs-alternative-fuel-permits/" target="_blank" rel="noopener">decided to exempt electric</a> vehicles and automobiles run on alternative fuel from permit requirements</strong> in a bid to boost such vehicles in the country. About 87 percent of people believe reducing air pollution is the biggest motive for them to purchase an electric vehicle and not rising fuel prices, according to a new survey commissioned by Climate Trends.</p>
<p>A proposal has been made once again to amend the competitive bidding guidelines for the procurement of power from grid-connected solar photovoltaic (PV) projects. This time around, the Ministry of New and Renewable Energy (MNRE) <strong><a href="https://mercomindia.com/mnre-reduces-commissioning-timeline-solar/" target="_blank" rel="noopener">proposed reductions in</a> the commissioning timelines of solar projects </strong>in an effort to facilitate the timely achievement of the country’s target of 100 GW of solar capacity by 2022.</p>
<p>The <strong>NITI Aayog <a href="https://mercomindia.com/niti-aayog-eliminate-direct-subsidies-ev/" target="_blank" rel="noopener">released a report called</a> Zero Emission Vehicles (ZEVs)</strong>: Towards a Policy Framework. The report highlights that to optimally utilize EVs in the Indian context, the country must recognize its unique mobility pattern. The report advocates for the elimination of a direct subsidy in the EV policy, and recommends India to be creative in making electric vehicles and its infrastructure economically viable from the very beginning.</p>
<p>Image credit: Flickr</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/nitin/" class="vcard author" rel="author"><span class="fn">Nitin Kabeer</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><img class="alignleft wp-image-9822" src="https://mercomindia.com/wp-content/uploads/2018/04/nitin-2.png" alt="" width="99" height="105" /><span style="font-family: Calibri"><span style="color: #000000"><span>Nitin is a staff reporter at Mercomindia.com and writes on renewable energy and related sectors. Prior to Mercom, Nitin has worked for CNN IBN, India News, Agricultural Spectrum and Bureaucracy Today. He received his bachelor’s degree in Journalism &amp; Communication from Manipal Institute of Communication at Manipal University and Master’s degree in International Relations from Jindal School of International Affairs. <a href="https://mercomindia.com/author/nitin/">More articles from Nitin Kabeer</a></span></span></span></p>
</div></div><div class="clearfix"></div></div></div>

Month in a Minute: Important News from Indian Solar Industry in September 2018

september-updates

Get the most relevant India solar and clean energy news.

RECENT POSTS