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Budget 2017 Brings Lower Indirect Levies for Renewable Energy Equipment

FM proposes lower excise and customs duties on renewable energy equipment and materials used in solar cells/panels/modules Giving a boost to clean energy programme, Finance Minister Arun Jaitley has proposed massive cuts in excise and customs duties on materials used in solar and wind plants, and also announced the second phase of solar park development […]

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Solar Power To Feed 7,000 Railway Stations: Arun Jaitely

“It is proposed to feed about 7,000 stations with solar power in the medium term. A beginning has already been made in 300 stations. Works will be taken up for 2,000 railway stations as part of 1000 MW solar mission” Finance Minister, Arun Jaitely presenting Union Budget 2017 announced that 7000 railways stations in the […]

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Budget 2017-18 proposes Reduction in Customs and Excise for Renewable Energy Sector

In a bid to incentivize domestic value addition under Make in India initiative of the Government, the Finance Minister has proposed to reduce Customs and Excise duties on several items related to the Renewable Energy Sector The Union Minister for Finance and Corporate Affairs, Arun Jaitley while presenting the General Budget 2017-18 in Parliament today […]

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Floating Solar Panels Market Size to Reach USD 2.70 Billion by 2025 Grand View Research

Grand View Research expects the floating solar panel technology to foresee abundant growth over the forecast period on account of rapid demand primarily in Asia Pacific. Rising installations in China and Japan coupled with upcoming commercial projects in India is likely to fuel growth over the projected period. According to a new report by Grand […]

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El Salvador Awards Solar PV Project at 4.955¢ Per Kilowatt-Hour

El Salvador, a small Central American nation awards solar PV power projects at competitive tariffs rates A small Central American country giving competition to a renewable energy giant like India in solar PV power tariff bids does not seem quite right, but this is indeed true in the case of El Salvador. According to media […]

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NEXTracker NX Fusion Plus

Product Brief: NEXTracker has designed an innovative solar plus energy-storage solution ‘NX Fusion Plus’ US and international markets. NX Fusion Plus integrates solar tracker, battery, inverter, and software to deliver better return on investment to owners of solar power plants. By incorporating battery storage technology into its product, NEXTracker is further increasing the energy output […]

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Solar players expect tax incentives in budget, uncertainty over GST remains

According to Solar players’ continuation of appreciated depreciation, a financial incentive, along with concessional interest rates and use of Rs 54,000 crore National Clean Energy Fund could be crucial to achieve country’s ambitious target. Amid uncertainties over the impact of Goods and Services Tax (GST) and Make in India programme being affected by falling prices […]

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MNRE asks States to Prepare Conducive Policies for Renewable Energy

MNRE Secretary Rajeev Kapoor suggests on preparing Conducive Policies for Renewable Energy Ministry of New and Renewable Energy Secretary Rajeev Kapoor has called upon state governments to prepare a conducive policy regime for the renewable sector. Speaking at the concluding session of National Review Meeting with state government officials, he emphasized on the need to […]

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MNRE’s National Review Meeting of RE Sector concludes, launches Mobile App ARUN for Solar Rooftop Systems

On sideline of the meeting mobile app for Solar Rooftop Systems named as “ARUN”- Atal Rooftop Solar User Navigator and Information Guide on Rooftop Systems was also launched Ministry of New & Renewable Energy (MNRE) organized a two days National Review Meeting with the State Government officials of Renewable Energy sector from 23rd to 24th […]

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