Oakridge raises residential solar rooftop funding from Dutch investor
Dutch lender Oikocredit has extended India’s first residential solar rooftop line of credit through its Indian subsidiary Maanaveeya Development & Finance
India can lead the way in distributed solar – GOGLA interview
India contributed to one-third of the global sales of distributed solar products during January-June 2018. Indian manufacturers can further leverage the International Solar Alliance (ISA) platform to engage with the global market, says Viraj Gada, GOGLA’s India regional representative and spokesperson for The India Distributed Energy Forum and Expo (IDEF), in an interview with pv magazine ahead of the event on January 30 and 31 in New Delhi.
Andhra Pradesh targets 5 GW of solar under new policy
Under the new Solar Policy 2018 announced on Thursday, Andhra Pradesh has set a minimum target of 5 GW of newly installed PV power capacity over the next five years.
Indian Railways plans 1 GW solar power by 2020-21
The ambitious plan would help Indian Railways source about 10% of its electrical energy from renewables.
India floats mega tender of 7.5 GW for Jammu & Kashmir
India’s Solar Energy Corporation of India has invited solar power developers to construct 7.5 GW grid connected projects in Leh and Kargil Districts in the state of Jammu & Kashmir under a competitive bidding process. Bid submission deadline is April 30. Tenders will be opened on the same day. The date of reverse auction will be advised at a later date.
Vikram Solar wins 140 MW solar project from NTPC
The Indian PV module manufacturer and EPC solutions provider will commission the NTPC project at Bilhaur, Kanpur in the state of Uttar Pradesh.
Gujarat tenders 500 MW of grid connected solar capacity
The selection of solar project developers will be carried out through a competitive bidding process followed by a reverse auction. The deadline for bid submissions is January 30.
Solar industry demands uniform 5% GST
With the Goods & Services Tax (GST) Council’s new recommendation of a concessional 5% GST on just 70% of the gross value of contracts coming into effect yesterday, the government and solar developers have again locked horns over taxation norms.
The year of failed tenders
Tariff ceilings, safeguard duties, a falling rupee and mandated manufacturing capacity turned 2018 into a year of annulled tenders, and no shows by bidders.
2018: A bumpy Indian solar ride
2018 has been a volatile year for the Indian solar industry, with several hits and misses. They include the government yo-yoing over safeguard duties, annulled tenders, confusion over Goods & Services Tax (GST), record installation figures, yet predictions that the country will not meet its ambitious target of achieving 100 GW solar capacity by 2022.
