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Markets & Policy

Government issues penalty for violating DCR under MNRE solar projects

India’s Ministry of New and Renewable Energy (MNRE) will penalize parties found in violation of the MNRE’s Domestic Content Requirement (DCR) rules for solar projects, which the World Trade Organisation (WTO) has approved for DCR use.

Avaada Power to develop 1.6 GW of solar in Uttar Pradesh

Avaada Power Pvt Ltd has committed US$1.55 billion to develop solar PV projects in the state of Uttar Pradesh.

MNRE deletes DCR clause from 5 GW Phase-II Batch-IV VGF scheme

In response to the domestic content dispute with the U.S., India’s Ministry of New and Renewable Energy (MNRE) has deleted all of the domestic content clauses from the National Solar Mission Phase-II, Batch-IV: 5 GW VGF scheme.

Solar to lead global renewables growth for next five years — KPMG

Investors throughout the world made 406 investments in large-scale renewables in 2017, collectively valued at roughly €40.1 billion (US$49.5 billion), but solar is set to grow more in terms of capacity than any other clean-energy technology over the next half-decade, according to a new report. Battery storage will play a crucial role in this, it found.

Government makes surprising u-turn on electric vehicle policy

Minister for road transport Nitin Gadkari drops plans to introduce national policy to support growth of electric vehicles in surprising reversal on earlier ambitions.

Energy Access Summit 2018 highlights

The India Energy access summit held in India on February 12-13, 2018 in New Delhi, saw discussions on the decentralized renewable energy sector from various organizations and institutions, including few announcements.

Rockefeller Foundation, Ckers Finance partner to develop India’s decentralized renewable energy sector

U.S.-based Rockefeller Foundation has partnered with cKers Finance, a New-Delhi based finance company, to help develop the decentralized renewable energy (DRE) sector in India. cKers will invest $50 million across DRE and sustainable energy portfolio in the near term.

The weekend read: Foggy days ahead for Indian solar

India is planning to impose a safeguard duty this year to protect its domestic solar manufacturing sector. Many in the industry earnestly believe that if such duties were to be imposed, then a slowing down in market growth would be inevitable. However, the Indian Solar Manufacturers Association (ISMA) believes this will not be the case. Either way, this duty has created unwanted uncertainty in the market.

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US rejects establishment of compliance panel, disagreeing with India’s WTO claim

The United States blocks India’s request for a panel to investigate Indian compliance to solar cells ruling. Thus, the Dispute Settlement Body (DSB) has deferred the establishment of a compliance panel. Moreover, U.S. reserves its right to obtain WTO authorization to take countermeasures against India, but there is desire to find a bilateral resolution.

India’s Sterling and Wilson to build 54.3 MW solar plant in Zambia

The PV plant will be the nation’s largest once complete, and will be implemented under the International Finance Corporation’s Scaling Solar program.

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