Sliding electricity demand and declining commercial and industrial activity could prompt distribution companies to block or delay payments to solar power producers.
The selected developers shall set up renewable power projects on build-own-operate basis anywhere in India and complement the generated renewable power with thermal power, if needed, to ensure round-the-clock power supply.
The Climate Investment Platform launched by three multilateral bodies in September is now open for business and renewables companies in developing nations across 14 regions including south Asia could qualify for help with clean energy facilities, renewables-related grid improvements and energy efficiency schemes.
Lobby group the National Solar Energy Federation of India has welcomed the move and asked the Ministry of New and Renewable Energy to extend any such measures to existing contracts to help developers meet working capital requirements.
An application seeking continued imposition of the safeguard duty for a further period of four years was filed by Mundra Solar PV, Jupiter Solar Power and Jupiter International, through the Indian Solar Manufacturers Association (ISMA).
Developers are also expected to drag their heels over project completion during the first half of the year as the safeguarding duty applied to imported Chinese and Malaysian solar products is due to expire at the end of July.
Bids are invited for supply of multi-crystalline solar modules, with peak power output of minimum 325 Wp each, to different substations in various districts of Maharashtra and Uttar Pradesh. Bidding closes on March 5.
The U.S. ITC has released a report highlighting changes in the domestic solar cell and module manufacturing industry, showing that while there has been an increase in domestic module manufacturing, the overall program’s success, relative to the $740 million in tariffs, has created little measurable benefit.
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