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The Goods and Services Tax (GST) has led to 10-12 per cent rise in overall cost of solar projects, the All India Solar Industries Association has said
Action in the solar power arena saw a lull in November with tenders for new projects declining by 25% to 300 MW
Representatives of India’s two largest solar power off-takers, SECI and NTPC have said the central government’s plan to tender 17GW of solar PV before April next year is totally reliant on the willingness of states to buy power.
Prime Minister Narendra Modi, who has set a very ambitious target for India to reduce its carbon intensity, is committed to moving the country to a lower carbon renewable energy future, World bank President Jim Yong Kim has said.
Plans are in place for a 160MW solar, wind and storage project in the Indian state of Andhra Pradesh, while a smaller scale demonstration project experimenting with multiple technologies is being developed for Kerala.
Today India is fast becoming one of the world’s most attractive markets for Renewable Energy investments. India’s rise has been due to the effective policy and regulatory support for development of Renewable Energy Technologies (RETs).
Various policy measures such as Jawaharlal Nehru National Solar Mission (JNNSM) Feed-in-Tariff, Accelerated Depreciation (AD), Generation Based Incentives (GBI), Renewable Purchase Obligations (RPO) and Renewable Energy Certificates (RECs) have helped in the rapid growth of Renewable Energy deployment in the country.
Along with above demand and supply side measures to promote Renewable Energy growth in India, various states have come up with their state Solar policies to provide an enabling framework for growth of Renewable Energy in India. All State Solar Policies are available in one roof.