India’s Goods and Services Tax (GST) Bill was enforced on 1 July bringing in a 5% tax on solar PV modules, but there is still uncertainty around taxes on other solar equipment, according to consultancy firm Bridge to India.
India’s famously weak grids should be able to integrate the planned addition of 175GW of renewable energy by 2022, according to a report released by the central government.
UPDATED: The Indian state of Tamil Nadu’s latest 1.5GW solar auction has received the lowest bids in the state so far with Raasi Green Earth winning 100MW of capacity with a tariff of INR3.47/kWh (US$0.054).
Indian state-run Rural Electrification Corporation (REC) is to raise US$450 million through its first ever 10-year Green Bonds with listing at London and Singapore, according energy minister Piyush Goyal.
Spain’s next 3GW renewable energy auction has been set for 26 July, having originally been pencilled in for 18 July, according to an announcement by energy minister Álvaro Nadal.
Brazil is primed to surpass 1GW of solar in 2017 as projects from three auctions between 2013-15 start to come online, but the industry eagerly awaits the next government 10-year electricity demand forecasts, according to the Brazilian solar association ABsolar.
The Tamil Nadu Energy Development Agency (TEDA) has issued a request for proposals (RfP) for the development of another 500MW of solar park in the south Indian state.
France-based floating PV specialist Ciel & Terre (C&T) International has commenced construction of a 70MW floating solar plant for Chinese state-owned developer CECEP on a clay quarry lake in Anhui Province, China.
Plans for a major financial package to support India’s domestic PV manufacturers have been cancelled by the Indian government in order to be reshaped for the current state of the industry, according to a source close to the issue.
