Citing the risk to solar projects, lobby group the National Solar Energy Federation Of India has asked the Ministry of New and Renewable Energy to exclude flat steel products coated with alloy of aluminum and zinc from anti-dumping duty.
The state government will defy a ministerial order not to renegotiate signed deals after leadership of the legislative assembly changed hands in May’s elections. Consultancy Bridge to India says the contracts are legally binding but the move will shake investor confidence nevertheless.
A World Trade Organization panel has found a U.S. move to incentivize the use of domestic solar products put imported goods from India and other countries at a disadvantage.
With Karnataka withdrawing open access waivers and the policy not replicated elsewhere, corporate buyers are increasingly favouring group captive projects that are exempt from the cross-subsidy surcharge—the largest and most unpredictable component of grid charges for open access power.
Indian solar manufacturers are facing a double whammy with USA removing preferential trade status for India and safeguard duty imposed by India nearing fall to 20% from July 2019. Struggling to find domestic as well as export markets, they expect the government to focus on policy direction, not just expenditure.
Citing huge losses to solar power developers, the lobby group has urged state-owned utility Karnataka Power Transmission Corporation Limited not to arbitrarily curtail generation from solar power projects that are in any case ‘must run.’
The power minister’s proposal would be a step in the right direction towards meeting the 40 GW rooftop solar target, as it removes a financing hurdle for small and medium enterprises.
Easy access to finance topped the agenda of the minister’s meeting with various stakeholders, wherein issues related to land acquisition and Goods and Services Tax (GST) were also discussed.
With continuous decline in costs of solar power generation, the chorus for shortening the 25-year power purchase agreement (PPA) period is growing louder.
Solar installations picked up significantly in the January-March period, with 1.89 GW of utility-scale PV projects providing 76% of the quarterly total. Rooftop PV accounted for the remaining 590 MW of new capacity additions. Looking ahead, Bridge to India expects the uptrend to continue, as the first quarter ended with a record amount of capacity in the national pipeline.
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