Analyst tells PV Tech the low tariff ceiling (INR 2.65) set for tender in Indian state is thought to be a major issue amid heightening uncertainty from coronavirus.
With developers facing months of delivery delays for Chinese solar parts, India has said it will consider extending deadlines for PV projects scheduled to be switched on this summer, relieving developers from costly fines.
Exemption on customs duty for cells and modules in India widely expected to be lifted later in the year but there are still legal barriers to overcome, says Bridge to India.
Union Budget revealed in recent days earmarks US$3 billion for the power and renewables sector and outlines plan to give tax breaks to foreign sovereign wealth funds and domestic IPPs.
Significant deployment uptick expected for the next two years even as sector faces land acquisition and network challenges, says Bridge to India report.
After record low tariff project gets safeguard duty relief, ACME Solar president tells PV Tech that compensation payment timelines are clear and other state commissions will likely follow centre's lead, while analyst warns of PPA differences.
