Policy

Employment creation and skill development have been at the core of this budget. While there is a lot of emphasis on skill development, there needs to be an emphasis on how money is allocated for skilling and reselling of people for the clean energy sector. 

National Solar Energy Federation of India (NSEFI) expects budget to accelerate renewable energy uptake across MSMEs and hard-to-abate industrial sectors.

Import of solar glass will attract 10% customs duty from October. Further, the list of exempted equipment for solar cell and panel production has been expanded.

Mandating stringent quality and performance standards is imperative to safeguard consumers from potential exploitation in the burgeoning rooftop solar market. The technology to do this exists, but we need to see if the will is there.

The World Trade Organization (WTO) Secretariat has criticized China for an alleged lack of transparency in its state support framework and has urged the nation to improve its subsidy notification process.

South African President Cyril Ramaphosa, in his first speech since forming a coalition government in May, said the nation is experiencing a “renewable energy revolution,” with upcoming projects expected to attract around ZAR 400 billion ($21.9 million) in private investment.

With Union Budget to be presented next week, developers hope for reduction in GST [goods and services tax] and import duties on solar components, and deferral of the ALMM [Approved List of Models and Manufacturers] imposition until domestic supplies are sufficient.

SolarPower Europe argues in a new position paper that regulators and policymakers should create a sector-specific strategy to address the growing threat of cyberattacks.

Continued government support, coupled with strategic investments in technology and infrastructure, will be crucial in realizing India’s renewable energy goals and cementing its position as a global leader in solar module manufacturing.

The solar industry stands at a critical juncture. Oversupply, regulatory hurdles, and technological advancements are all reshaping the landscape. Manufacturers must adapt swiftly, balancing production with demand while navigating the complexities of global trade.