IBC Solar switches on 22.5 MW project in India
The German developer has completed its sixth solar PV plant in 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.
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.
