On the request of the Indian Solar Manufacturers Association (ISMA), the Directorate-General of Anti-Dumping & Allied Duties have terminated the ongoing petition into imported solar cells. Dharmendra Kumar, an analyst at IHS Markit, told pv magazine that ISMA will re-file this petition in April.
India should strengthen its power grids and put an emphasis on a clear policy framework to bring down the cost of capital investments, Adnan Amin, Director General of the International Renewable Energy Agency said, as the nation aims for ambitious renewable energy targets of 175 GW by 2022.
At signing event of the ISA, MNRE head, RK Singh emphasized need for solar industry to set up energy infrastructure in other ISA member countries.
The Delhi government run by the Aam Aadmi Party has completed three years in the governance, and yesterday announced its budget for the financial year 2018-19. The government has announced India’s first ‘Green Budget’ – it has a 26 point program. With the green budget it is estimated that around 2.1 million tons of CO2 emissions will be reduced.
Adani Solar is the fourth Indian solar PV panel manufacturing company to bagged the renowned tier-1 rating from BNEF. It gives a fresh impetus to India’s solar energy sector. Currently, the company has 1.5 GW solar module and cell manufacturing capacity.
At the tenth International Solar Alliance (ISA) monthly get-together and stakeholders meeting, held today in Noida, India, Interim Director-General of ISA announced that the World Bank is handling the common risk mitigation mechanism, and they need two years to complete the feasibility study. ISA believes that CRMM will help to get access to finance at lower cost and in larger volumes for solar-related projects in ISA member countries. European Investment Bank is developing a financial facility for off-grid projects in ISA member countries, combining the grant and debt finance.
Annual International Roadmap for Photovoltaics, compiled by the German production equipment industrial association (VDMA), reveals slowdown in module price reduction for 2017 in contrast to significant market increase that saw module production capacity rise above 130 GW.
The project is part of the 750 MW Rewa solar park in Madhya Pradesh. YES Bank has also reaffirmed its commitment to mobilize US$5 billion for financing solar power projects in India by 2030 with the International Solar Alliance (ISA) at the latter’s founding ceremony in New Delhi, held last week.
The ISA founding ceremony, held on Sunday March 11 in New Delhi, India, was a highlight in the 2018 solar calendar. French President, Emmanuel Macron announced €700 million in support through loans and donations by 2022, while several other financial deals and MoUs were also signed. Indian Prime Minister, Narendra Modi further outlined 10 action points to help the spread of solar energy.
The European Investment Bank (EIB) has extended a line of credit totaling €150 million, without insisting on a sovereign guarantee by the Government of India. Over one million Indian households are set to benefit.
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