The Solar Energy Corporation of India (SECI) has postponed the 2 GW PV project tender until further notice. The company has also extended the deadline for expressions of interest for setting up solar manufacturing plants in India until January 29.
Venture capital, debt, securitization and project finance were all winners in 2017, as were solar stocks. However Mercom Capital warns that the pending Section 201 ruling could cause significant damage to the sector in 2018.
The All India Solar Industries Association (AISIA) says the proposed safeguard duty will be counterproductive for the solar industry, and has called for differential anti-dumping duties for specific countries to be imposed, including China.
SECI has had a busy day, releasing three tenders worth 1.2 GW. Following on from a 275 MW tender this morning, it has now announced a 950 MW tender for grid connected solar PV projects in the state of Andhra Pradesh and Karnataka, under the National Solar Mission of Phase-II, Batch-IV.
According to reports, India is planning to impose a 7.5% tax on imported solar PV modules.
2017 was a busy year for India’s solar industry. As of the end of November, the country had installed around 5.5 GW of PV. With its ambitious renewable energy goals, it is paving the way to becoming a world leader in the industry. Overall, the country saw a rapid increase in renewable energy activity, with solar dominating almost 48% share of total capacity installed.
The thermal energy giant of India has commissioned a 130 MW solar plant in the state of Tamil Nadu, comprised of two, 65 MW blocks across 655 acres.
GAIL, which is a state-owned provider of gas, commissioned a 5.76 MW rooftop PV array at its Pata petrochemicals plant in Uttar Pradesh at the end of 2017.