ReNew Power raises $352 million to repay loans
ReNew Power Ventures Pvt. Ltd has raised $ 352 million via Non-Convertible Debentures to repay loans.
Orb Energy raises over $15 million for rooftop solar
The investments from Netherlands-based FMO and the U.S.’s OPIC will help to grow the company’s platform in India, which finances rooftop solar for SMEs. Orb Energy will also expand its Kenyan operations.
India mulls 70% safeguard duty against imported solar cells and modules
India has proposed to impose safeguard duty at the rate of 70% for a period of 200 days on imported cells and modules coming from China PR and Malaysia.
India rejects U.S. solar claim at WTO
India hit back on Monday at Washington’s latest legal assault on its solar power policies at the World Trade Organization, rejecting a US legal claim and exploring possible new protection of India’s own solar industry.
Interview: Indian solar import duties explained
Gyanesh Chaudhary, General Secretary of All India Solar Industries Association, speaks to pv magazine ahead of an ongoing tax hearing regarding imported solar cells and modules. On behalf of AISIA, he recommended solutions that should be considered for the benefit of local manufacturers.
AISIA opposes safeguard duty on imported solar panels and cells
The All India Solar Industries Association (AISIA) says the proposed safeguard duty will be counterproductive for the solar industry, and has called for differential anti-dumping duties for specific countries to be imposed, including China.
India’s impressive solar achievements in 2017
2017 was a busy year for India’s solar industry. As of the end of November, the country had installed around 5.5 GW of PV. With its ambitious renewable energy goals, it is paving the way to becoming a world leader in the industry. Overall, the country saw a rapid increase in renewable energy activity, with solar dominating almost 48% share of total capacity installed.
GST leads to 12% increase in solar project costs – AISIA
All India Solar Industries Association (AISIA) has urged the government to remove the Goods and Services Tax (GST) from the balance of systems for solar equipment. The association said that components like inverters, cables and transformers under GST are charged at 5-8%. Previously, they were charged 2% central sales tax and no excise duty.
Indian solar policy roundup 2017
MNRE head RK Singh delivers a lowdown on India’s current solar installations, recent policies that the government has initiated, and the customs issues with imported solar modules.
Waaree Energies raises INR 1bn through Centrum-led investors
A structured credit deal has been struck between Centrum-led investors and Waaree Energies Ltd, an Indian solar power firm.
