It now makes economic sense for most corporates in India to look for a cheaper source of power, particularly through renewable energy, according to a new report from The World Business Council for Sustainable Development (WBCSD).
India recently proposed a new strategy of supporting its domestic solar manufacturers by allocating 7.5GW of local content tenders to Central Public Sector Undertakings (CPSUs), but analysts have identified a number of limitations.
Indian states are slowly adopting new forecasting rules that will force solar energy plant operators and Regional load dispatch centres (RLDCs) to provide more frequent and accurate projections of energy production or face penalties.
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.
With stricter quality standards due to be brought in for Indian solar tenders, including inspections for modules, cells and wafers, energy and mines minister Piyush Goyal has warned the industry about failure to keep equipment quality high.
After announcements that India will hit solar cells and modules with an 18% tax under the new Goods and Services Tax (GST) Bill, some confusion has arisen about what level the tax will actually be set at.