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 ($46.19 million) through the issuance of rupee-linked green bonds to back the development of 709 MW of solar and wind capacity in six states in India.
Indian state of Haryana exempts solar components from VAT
The move by the Haryana government seen as clear support of solar industry, designed to lower the financial barriers for renewable energy in the Northern Indian state.
India: TANGEDCO announces 1.5 GW solar tender
A total of 1.5 GW of solar in the Indian state of Tamil Nadu is due to be tendered with the upper tariff limit set at INR 4 ($ 0.062)/kWh.
Indian government issues draft quality order on solar modules
The Indian Ministry of New and Renewable Energy (MNRE) has forwarded to the World Trade Organization a draft quality order on solar modules announced by Energy Minister Piyush Goyal a week earlier.
Indian hydropower provider SJVN seeks partners to deploy 500 MW of solar
The state-owned Indian hydro-power producer has issued an EoI to select potential partners for the construction of large-scale PV plants across India. SJVN will have an equity share of over 26% in the proposed joint venture.
Good news coming from India’s EPC companies
RaysExperts adds 30 MW to its Rays Solar Park in just 90 days, whereas Rays Infra Power makes it on to IHS Markit’s top 10 EPC companies list, outside U.S. and China.
Indian solar imports surge, while exports plummet
New data highlight a major discrepancy between India’s solar import and export numbers in the first 11 months of the financial year 2016-17.
Solar tariffs in India tumble to another new record low
The latest 500 MW tender by the Solar Corporation of India (SECI) drove the tariffs under INR 2.50 ($ 0.038), making solar cheaper than fossil fuel-generated power.
