One of the major causes of uncertainty for India’s solar sector has been put to rest after the Central Board of Indirect Taxes and Customs (CBITC) clarified that most PV modules will not be subject to customs duty.
Seychelles to tender for 4MW of saltwater floating solar, Karnataka signs PPAs for 640MW of solar, BBOXX to tap UK impact investors to raise £2.5 million annually.
India has launched an anti-dumping investigation into imports of EVA sheets for solar modules from China, Malaysia, South Korea, Thailand and Saudi Arabia.
India’s large-scale solar space, which has been dominated by Solar Parks in the last two years, now has standalone projects firmly back on the map with multi-Gigawatts of capacity up for grabs and a chance for higher risk-taking players.
India’s Ministry of New and Renewable Energy (MNRE) has issued a clarification in its guidelines for tariff-based competitive solar procurement implying that a change in duties will henceforth be covered as a ‘Change in Law’, which would give developers protection in case a safeguard, anti-dumping or any other duty is imposed.
Indian clean energy developer ReNew Power has acquired Ostro Energy Private Ltd for an undisclosed sum in what is one of India’s largest ever renewable energy deals.
Softbank Vision Fund (SBVF) and GCL Group holding company have signed a memorandum of understanding (MoU) to launch a US$930 million joint venture in the Indian state of Andhra Pradesh, primarily to manufacture PV ingots, wafers, solar cells and modules.
