Solar modules with bypass diodes will be classified under 8541, hence no custom duty
Central Board of Indirect Taxes and Customs have issued a clarification regarding solar module equipped with bypass and blocking diodes. Market analysts assert that this step will increase PV installation in the second half of 2018.
Wipro, State Bank of India lead corporate drive for EV
Wipro Limited and State Bank of India (SBI) has become the first from India to join The Climate Group’s global Electric Vehicle initiative, EV100. Wipro expects to scale up the EV to 1000 by 2023, whereas, SBI will set up charging stations in major residential spaces.
meeco to install 7MWp open access PV plant in Maharashtra
Through the company’s sun2fix open access solution, Inidan subsidiary of swiss-based renewable firm will install a 7MWp solar PV power plant in Solapur district of Maharashtra.
Odisha: GRIDCO tenders 200 MW solar PV
The Grid Corporation of Odisha (GRIDCO) has announced a 200 MW grid-connected solar PV power projects to be set up in the state of Odisha. The tender has a provision of pass-through in the quoted tariff in case of anti-dumping duty or safeguard duty imposition.
Azure Power wins 200 MW in Gujarat
The New Delhi-based solar energy firm has won a 200 MW solar PV project to be developed outside a solar park in Gujarat, in an auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). The project will be commissioned by the year 2019.
ReNew Power acquires Ostro Energy in $1.54bn deal
According to the reports, Gurugram based developer ReNew Power Ventures has paid 40% in equity and the rest in debt for acquiring Actis LLP-backed Ostro Energy. With this acquisition, now ReNew Power’s combined renewable portfolio stands at 5.6 GW.
Coal India targets 20 GW solar projects in next 10 years
Coal India Ltd, the world’s largest coal producer company, has set the target of 20 GW solar PV installations in the next 10 years. To achieve the ambitious goal, the fossil fuel run firm will require an investment of approximately INR 900 billion ($13.8 billion).
GCL Group, Softbank sign MOU for 4 GW of solar manufacturing in Andhra Pradesh
The Asian companies will form a joint venture in India to execute the plan. The project’s total investment is expected to be around US$930 million, which will be used for the production of solar PV ingots, wafers, cells, modules and batteries.
Bhadla 750 MW solar project winners revealed
Solar Energy Corporation of India has revealed the winners of the Bhadla solar park 500MW Phase-III, and 250 MW Phase-IV solar projects. Azure Power, Hero, and SBE Four came up as the big winners.
Partnership with the International Solar Alliance – GGGI Interview Part II
Dr. Frank Rijsberman, Director-General, Global Green Growth Institute (GGGI), South Korea, speaks to pv magazine about his recent participation in the International Solar Alliance founding ceremony held on March 11, 2018. He mentioned that in ISA member countries, correct energy policies, and risks in the investment are critical and need to be addressed.
