APTEL Accepts SGD As Change In Law, Relief Likely For Developers Updated On Tue, Aug 20th, 2024 by Saurenergy In a case that involved a bunch of similar petitions from developers in Rajasthan executing projects worth 950 MW, and another batch in Andhra Pradesh involving projects worth 750 MW, the Appellate Tribunal for Electricity, has provided some measured relief for the developers involved. The petitions bunched together by the APTEL bench involved the acceptance […] Read more
GERC Allows Compensation To Juniper Energy For ‘Change Of Law’ Updated On Fri, Oct 13th, 2023 by Saurenergy The Gujarat Electricity Regulatory Commission (GERC), in its latest judgement, allowed Juniper Green Sigma Pvt Ltd compensation for ‘change of law’ events. Juniper Green Sigma is a subsidiary of Juniper Green Energy. It has developed a 120-megawatt (MW) grid-connected solar plant in Gujarat to supply Gujarat Urja Vikas Nigam Limited (GUVNL). Juniper, in its petition before the […] Read more
Have FTA Routes Become Conduits For Cheaper Solar Modules into India? Updated On Mon, Jul 17th, 2023 by Saurenergy Export-related data has revealed that during April and May of this fiscal year, the quantum of imports of solar modules from countries with which India has a free trade agreement (FTA) has increased significantly, with a 48% share of total solar imports. The sharp move is beginning to hurt domestic manufacturers yet again, as they […] Read more
Two Solar Firms To Get Compensations Due to Increased GST Rates Updated On Mon, Jul 17th, 2023 by Saurenergy In its order, the Central Electricity Regulatory Commission (CERC) granted compensation to two renewable energy companies. The central authority granted these compensations on account of ‘Change of Law’ events. Such events included the rise of Operations and Maintenance (O&M) costs of their projects due to the escalation of GST rates and the imposition of increased safeguard duty […] Read more
CERC Asks SECI to Pay Azure Subsidiary Additional Project Cost Following Safeguard Duty Norms Updated On Mon, Jan 23rd, 2023 by Saurenergy The Central Electricity Regulation Commission has directed SECI to recompense Azure Power FortyOne, a subsidiary of Azure Power India, on the incremental posts costs along with additional costs as incurred by the firm due to the imposition of safeguard duty. The duty led to the shot up of the project cost for Azure. Further, the […] Read more
15 GW Solar Projects risk impact from BCD on April 2022, Says NSEFI Updated On Mon, Feb 14th, 2022 by Saurenergy With barely six weeks to go before the the Basic Customs Duties (BCD) on solar module imports(40%) and solar cells (25%) kick in, the National Solar Energy Federation of India (NSEFI) has written to the MNRE to make a case for grandfathering of these projects. By grandfathering, these projects would, in effect be exempt from […] Read more
Solar Module Prices Hit 2 Year highs, Gap Between Multi, Mono-Perc Widens Updated On Tue, Oct 12th, 2021 by Saurenergy Solar Module prices in China’s ‘spot’ market continued to rise further at the end of the China National Day Holiday Weekend. Thus, the price trend continues unabated from before, with no immediate sign of respite. We had reported last week on how the top 5 Chinese manufacturers had urged developers to go slow, or defer […] Read more
Major CERC Judgement on Safeguard Duty Payment, Discount rate, Liability Updated On Mon, Aug 23rd, 2021 by Saurenergy In a detailed 97 page order, the Central Electricity Regulatory Commission has passed an order that covers multiple petitions filed by 34 solar power developers, SECI itself, and involving multiple discoms across the country. The CERC was forced to move to this format as the queries were broadly the same, and required to be settled […] Read more
Safeguard Duty Update on Solar from Power Minister’s Press Conference Updated On Fri, Jul 30th, 2021 by Saurenergy In his first formal update on the issue of Safeguard Duty (SGD) on solar imports, that expired yesterday, Power and MNRE minister R.K. Singh had a completely new take on the way forward. He was responding to a specific question asked on the issue by Saur Energy Asserting that the best way out was to […] Read more
