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Solar modules in India will be taxed at a rate of 5% as opposed to the 18% that was announced two weeks ago under the Goods and Services Tax (GST).

At least 13.7GW of planned coal-fired power plants have been cancelled in India this month, while solar prices have tumbled to new lows, showing that India’s energy transformation is in full swing, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

The Indian Power Ministry has put forward plans to compensate for grid curtailment of existing renewable energy projects, according to credit rating agency India Ratings and Research (Ind Ra).

India’s Union Cabinet has approved plans to raise bonds worth INR23.6 billion (US$366 million) for a large range of renewable energy initiatives.

The Indian city of Varanasi, famed for its burning ghats along the banks of the River Ganges, has the potential for 676MW of rooftop solar installations by using just 8.3% of available roof space, according to a report from the Centre for Environment and Energy Development (CEED).

Sri Lanka’s Cabinet of Ministers has approved plans to build a hybrid renewable energy park including 240MW of wind and 800MW of solar.

The Australian Renewable Energy Agency (ARENA) is to provide AU$20 million (US$15 million) for its third competitive funding round for PV research and development (R&D).

The International Solar Alliance (ISA) is starting to make tangible progress after several countries agreed to support commissioning of a study on a common risk mitigation mechanism (CRMM) for PV generation.

Renewable energy O&M analytics software provider QOS Energy has opened an office in New Delhi, India, to meet growing demand from the booming Indian market.

German developer Wirsol has bolstered its business activities by expanding into the Australian market and opening a new office in Sydney.