India

India: solar tax will be 5%, minister confirms

In tweet sent yesterday, India revenue secretary Hasmukh Adhia said that all solar equipment will be subject to only 5% Goods and Services Tax, allaying fears cells and modules would be placed in 18% bracket.

Solar’s share of India electricity output grew 81% in last fiscal year

Data from the Central Electricity Authority shows that electricity from solar jumped 81% year-over-year in fiscal year 2016-17 to reach ~13.5 billion units, reports Mercom Capital Group.

IEEFA report: NTPC plays central role in India’s energy transition

One of the top 10 coal-fired power generators in the world, Indian energy conglomerate NTPC is today leading the charge in the country’s energy market transformation, finds report.

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APVIA sees steady Q1 growth in Asian PV

The expansion of the Asian solar market in the first quarter of 2017 was broadly similar to the growth seen in the first quarter of last year, although most countries in the region have yet to reveal official installation statistics for the January-March period, the Asian Photovoltaic Industry Association (APVIA) said in a new report.

India’s Uttar Pradesh mulls additional 750 MW solar project at Bhadla

Government officials from the state of Uttar Pradesh have met with Ministry of New and Renewable Energy representatives to discuss development opportunity in Rajasthan, eyeing October 2018 commissioning date.

India: solar tax hike could increase power project prices, say industry heads

The 18% Goods and Services Tax rate for solar cells and modules could pose significant threat to around 10 GW of ongoing utility-scale solar projects, says Bridge to India.

Africa: solar power and Indian bilateral trade key routes to prosperity, says AfDB president

African Development Bank President Akinwumi Adesina tells the media ahead of the bank’s Annual Meetings forum that Africa-India bilateral trade will reach $100bn by 2018, with solar power playing a prominent role in closer cooperation and boosting economic opportunities.

India hikes solar cell and module tax rate to 18%

The increased Goods and Services Tax rate for solar cells and modules is in part a response to the technology’s ability to “stand on its own two feet”, says energy minister.

ADB raises $46 million for Indian PV, wind with green bonds

The Asian Development Bank has raised INR 3 billion ($46.19 million) through the issuance of rupee-linked green bonds to back the development of 709 MW of solar and wind capacity in six states in India.

Indian state of Haryana exempts solar components from VAT

The move by the Haryana government seen as clear support of solar industry, designed to lower the financial barriers for renewable energy in the Northern Indian state.