Europe will be our next stop – S&W solar interview
Having bagged large orders in the U.S. and Australia, Indian multinational engineering, procurement and construction (EPC) services provider Sterling and Wilson Solar is bidding for tenders in regions which have eased up business lines, Europe among them. Kannan Krishnan, S&W’s chief operations officer for solar in India and the South Asian Association for Regional Cooperation area, speaks to pv magazine about the impact of Covid-19 on the solar EPC business and the company’s expansion plans.
Safeguard duty on solar cell imports extended by a year
The import duty will be levied on Chinese, Vietnamese and Thai solar cells – whether assembled into modules or not – at 14.9% from today and falling to 14.5% in six months’ time. Malaysian products are exempted as their imports have fallen dramatically since the duty was imposed, in July 2018.
India, Russia to fund joint R&D in renewable energy
The programme aims to create market-ready technology-based solutions, products, and services with the potential to scale in India, Russia, and other countries.
Fourth Partner Energy raises US$15 million from Swiss investor responsAbility
The Hyderabad-headquartered developer will utilize the debt funding towards construction of upcoming projects for its clients as it aims to add around 350 MW capacity across both open-access and distributed solar portfolios this fiscal year.
Vikram Solar plans 3 GW solar factory in Tamil Nadu
The engineering, procurement and construction services contractor – which has a 1.2 GW module production facility near Kolkata – will establish a wafer, cell and module manufacturing site in Tamil Nadu under a five-year timescale.
ReNew Power plans foray into solar cell and module manufacturing
The Haryana-based developer will invest Rs 1500-2000 crore in setting up the solar cell and module manufacturing facility, which will initially have a production capacity of 2 GW per annum.
NTPC partners NIIF for renewable energy and power distribution projects
This partnership with the government-backed infrastructure-specific investment fund will help NTPC raise capital as it aims for nearly 30 GW of overall power generation capacity from renewable energy sources by 2032.
Legal loophole protecting imported panels from subsequent duties discriminates against Indian products, say manufacturers
Indian solar manufacturers have cried foul over a system which exempts imported panels from yet-to-be-announced tax regimes but offers no such protection to domestic products.
Uttar Pradesh to become solar hub with 6 GW planned in Bundelkhand
The state is also reportedly set to this year unveil ‘Asia’s largest floating solar plant’, in the shape of the 150 MW Rihand Dam installation.
Gujarat extends solar power policy till December 31
The state’s Solar Power Policy 2015 was due to expire since April 1, 2020. With a 9-month extension, solar power plants installed and commissioned till December end become eligible for the benefits and incentives declared under this policy.
