The Indian government has achieved only 17% of the set targets for the 2017-18 financial year, which is just 2% of the goal of 40 GW grid-connected solar rooftops by 2022. MNRE will soon propose new schemes to improve the sector.
Secretary of the Ministry for New and Renewable Energy Anand Kumar believes the country can confound doubts about its bold solar ambitions and smash its 175 GW of renewables by 2022 target.
In the last four quarters in India 7.5 GW were installed. The total accumulative capacity reached 16.2 Gigawatt, reports Bridge to India. After rapid growth in the last quarters the market will probably slow down somwhat.
Rooftop PV solutions are becoming more popular among Indian public entities, as the National Solar Mission moves forward.
In a recent cabinet reshuffle, Piyush Goyal has been replaced by Raj Kumar Singh as the new Power; and New and Renewable Energy Minister of State.
The Indian power ministry has released notice preventing any renegotiation of signed PPAs in the solar PV sector, calculated at a potential $7.5bn worth of solar projects.
Country’s Directorate General of Anti-Dumping states that it has identified a causal link between dumping and injury of Indian firms, enough to warrant the initiation of the investigation.
India’s Council on Energy, Environment and Water states, in a joint report with the Natural Resources Defense Council, that the growth in renewables in India could create 300,000 new jobs over the next five years.
Ministry of New and Renewable Energy makes decision to extend the exemption of solar power projects from the charge in order to make PV more price competitive with coal power.
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.
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