Torrent Power secures PPA for 300 MW solar capacity in Gujarat
The integrated power producer will sell solar power from the Gujarat plant to its licensed distribution business unit at an INR 2.22/kWh tariff.
Covid impact: Solar imports dipped 75% in ten months
Coronavirus disruption has been cited as the chief culprit as imports from China, Thailand and Vietnam slumped from April to January, but safeguarding duty also appears to have had an impact, with unaffected imports from nations such as Myanmar, Chad and Russia on the rise and Malaysian trade keeping steady.
BHEL issues global tender to select monocrystalline module partners
Bharat Heavy Electricals Ltd (BHEL) seeks module supply partners for an aggregate 750 MW of panels as it intends to participate in the tender for 500 MW Rewa solar park in Madhya Pradesh. Bidding closes on April 27.
Unsigned PPAs halting India’s renewable energy growth
Nearly 19 GW of renewable energy capacity tendered by the Solar Energy Corporation of India (SECI) is on hold due to electric distribution companies’ unwillingness to sign the power purchase agreements. Manufacturing-linked solar projects alone account for a 63% share of the capacity in limbo.
Solar tariff rise due to customs duty would cost to Discoms INR9 billion annually
India’s declining solar tariff trend will see a reversal as the basic customs duty comes into effect. According to India Ratings, tariffs will likely touch INR 2.43 when using imported solar modules with 40% duty applicable, putting an additional cost burden on Discoms.
Renewables’ share in electricity generation must grow 55-fold for India to achieve net-zero emissions by 2050
A new report presents four alternative scenarios for India to achieve net-zero emissions, highlighting that the effort required would be very high for a scenario with 2030 as a peaking year for emissions and 2050 for net-zero.
GoodWe is the biggest rooftop solar inverter supplier in India
The Chinese manufacturer commanded a 17% share of the total 3268 MW of rooftop PV inverter shipments in India in the January-December 2020 period.
Solar tariffs could rise about 20% due to customs duty
The installation cost is set to increase as a 40% customs duty on solar modules, and 25% on cells, comes into effect from next year.
Solar manufacturer wants customs duty waiver to domestic sales by SEZ units
Domestic sales by manufacturing units located within special economic zones (SEZs) are treated as exports, attracting customs duty levy. This puts the SEZ manufacturers at a disadvantage compared to those in the domestic tariff area.
Solar modules to face 40% customs duty, and cells 25%, from next year
India’s finance ministry has approved the proposal to levy the duty from April 2022. Customs notification of the move will be issued at a later date.
