Though there are modifications to the hard-won investment tax credit step-down provisions, it appears the bill leaves the solar industry largely alone.
The facility is planned to improve liquidity of developers of renewable energy projects up to 50 MW across Africa.
Panel consisting of government officials and industrialists organized discussion on ‘Innovative Financing and Market Evolution to achieve 175 GW renewables by 2022’ at the India pavilion at COP23 in Bonn. The government remains ambitious to meet its target and to follow sustainable development.
Indian renewable analyst firm notes that anti-dumping comes at inopportune time with the industry already reeling from a slowdown in new project procurement, extra costs due to GST, import duties and increased module prices. It is expected to come by October 2018 and may affect all stakeholders and projects in the pipeline as well as those awaiting auction.
According to the auction’s preliminary results, solar may account for 55% of contracted power with 3.0 TWh. Final results will be announced on November 22.
Shikun & Binui Renewable Energy Ltd, the renewable energy arm of Israel conglomerate Shikun and Binui will own the plant, which will be located near the village of Zeélim.
Mudajaya, a Malaysian engineering and construction group, aims to raise up to 245 million ringgit ($58.7 million) by issuing sukuk Islamic bonds. It will use the proceeds to finance the construction of 49 MW of solar capacity in northern Peninsular Malaysia.
Gyanesh Chaudhary, the MD, and CEO of Vikram Solar, speaks to pv magazine about the international solar alliance event held in collaboration with MNRE and CII at COP23 in Bonn, Germany and more on the Indian solar manufacturing sector. He is a part of the Indian (CII) delegation to COP23, Bonn Germany.