The government might ask RBI to classify renewable energy projects under priority sector lending
The Ministry of New and Renewable Energy (MNRE) is expected to write to RBI seeking to bring renewable energy projects under the priority sector lending. The development comes to light post there is stress seen in the conventional power sector
Andhra Pradesh Government asks the state discoms to accept full power from the wind developers
Andhra Pradesh Government has asked the state DISCOMs to take all the power the wind developers produce and further pay for it, irrespective of the Capacity Utilization Factor (CUF) of the developer’s project. In one of the state’s order regarding
Industry reacts to the 25% duty as the Supreme Court allows to impose the safeguard duty on imports.
It has been a roller-coaster ride for the Indian Solar Industry and developers when it comes to the safeguard duty implementation. Recently the Supreme Court of India in the matter of the safeguard duty to be levied on imported solar
India to introduce a cap on solar tariff and reduces tender size for manufacturing unit
In a major development, the MNRE has directed the Solar Energy Corporation of India(SECI) to fix the upper permissible solar tariff at INR 2.50/kWh and INR 2.68/kWh for developers using domestic cells & modules (without safeguard duties) and imported products
Solar installations in India drop down in the second quarter : Report
According to a report, solar installations have gone down by 52% in the second quarter of 2018, primarily due to the uncertainties related to trade duty & module price fluctuations. The Q2 installations were at the lowest since Q1 2017
REC trade results – August 2018
Non-Solar: Non-solar RECs prices continue to rise with robust demand but the clearance volume is constrained due to limited supply availability. This session the RECs were traded at the price of INR 1101 at PXIL (10.1% above the floor price)
MNRE proposes a draft schedule for solar tender activities to avoid clashes between agencies
The Ministry of New and Renewable Energy (MNRE) has approached all the central & state governments as well as public sectors implementing agencies for tendering of solar PV capacities to follow a timeline for implementing renewable energy projects. According to
Not implementing Safegaurd Duty on solar modules and cells for time being: Ministry of Finance
A recent development in the safeguard duty event, the Orissa High Court has directed the Ministry of Finance to withdraw the duty by August 13, 2018, and issued a stay until August 20, 2018. The stay came after a petition
MERC announces generic tariff for various RE sources
Recently the Maharashtra Electricity Regulatory Commission (MERC) announced an order for generic tariff determination of various renewable resources including Solar and Wind. Even after the generic tariff is realized, DISCOMs opt for competitive bidding for tariffs due to the low
SECI favours lowest bid in recent solar auctions, cancels rest
The nodal agency for National Solar Mission, Solar Energy Corporation of India (SECI) has canceled mostly all but the lowest bid project in its mega solar auctions held in July. The decision to cancel 2400 MW solar capacity out of