India’s total PV demand in 2018 will reach just 8.5-9.6GW as a result of the imposition of a 25% safeguard duty on imports of cells and modules, according to EnergyTrend forecasting.
Japanese investment bank Daiwa Securities Group has established Daiwa GI Green Fund LLC – also known as the ‘Solar Fund’ – jointly with GI Capital Management and Daiwa Real Estate Asset Management in order to make greenfield investments in mega- and large-scale solar projects in Japan.
The U.S. Trade and Development Agency (USTDA) is supporting a 41MW hybrid solar-wind-storage project being developed by private Indian energy firm IL&FS Energy Development Company Limited (IEDCL) in the Indian state of Andhra Pradesh by providing a grant to aid the plant’s technical design and planning.
India’s Goods and Services Tax (GST), a single tax applicable across the whole of the country, will be lowered for lithium-ion batteries by 10% in a move which has been welcomed by the India Energy Storage Alliance (IESA).
The Indian Finance Ministry’s order imposing a safeguard duty for two years on solar imports from developed countries as well as China and Malaysia has brought long-awaited clarity to both manufacturers and developers, but both segments of the industry have a number of fears.
India’s Ministry of Finance has imposed a 25% safeguard duty on imports of solar cells and modules from Malaysia and the People’s Republic of China, starting tonight.
Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has annulled a 1GW solar auction that it held earlier this month and retendered just 500MW of PV capacity.
