Tags: India solar news

Sterling and Wilson Solar Q4 net down 56 pc at Rs 128.58 cr

Sterling and Wilson Solar has reported a 56 per cent decline in consolidated net profit at Rs 128.58 crore for the quarter ended March 31, 2020. The consolidated net profit of the company stood at Rs 294.80 crore in the quarter ended on March 31, 2019, a regulatory filing said. The total income of the […]

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Amid India China Standoff , Govt plans to impose customs duty on solar cells

In a bid to propel domestic manufacturing and curb the procurement of solar power equipment from China, the government is reportedly planning to bring the basic customs duty (BCD) on imports of such products. It is worth noting that the solar imports from China have dropped to an extent after the imposition of the safeguard […]

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TPREL to develop 100 MW solar power project in Maharashtra

Tata Power‘s wholly-owned arm Tata Power Renewable Energy Limited (TPREL) has received a letter of award from Maharashtra State Electricity Distribution Co Ltd. (MSEDCL) to develop a 100 MW solar power project in Maharashtra. The company informed abou the solar power project in a filing to BSE. The energy generated from the solar power project […]

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AP cabinet approves proposal to set up a 10 GW solar power project

Andhra Pradesh cabinet recently approved a proposal to set up a 10 GW solar power project to ensure uninterrupted 9-hour power supply to farmers during daytime, besides establishing an Integrated Renewable Energy Project (IREP). In a statement, Information and Public Relations Minister Perni Venkataramaiah said as part of the IREP, 550 MW of wind power, […]

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Domestic solar firms raise concern over basic customs duty on solar cells

Domestic solar cell and module makers located at the special economic zones (SEZs) have raised concerns over the government’s plan to impose basic customs duty (BCD) on these equipment, saying it would raise their overall product cost on domestic sales. Noting that the domestic renewable energy sector has potential to generate about four lakh jobs […]

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States’ transmission charges key: Gadkari on MSME solar parks

Union Minister Nitin Gadkari recently said the entry of MSMEs in the solar park sector was a good idea but would only be viable if state governments reduce transmission charges. He was speaking through video conferencing to members of the Pune-based Maratha Chambers of Commerce, Industries and Agriculture (MCCIA). Gadkari told Micro, Small and Medium […]

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Indian Solar manufacturers extend support to govt’s Atma Nirbhar Bharat Abhiyan

Home grown solar manufacturers have extended their support to the PM Modi led government’s Atma Nirbhar Bharat Abhiyan. They also requested for the Prime Minister’s (PM’s) support to provide a level-playing field for realising the full potential of the sunrise sector. Indian solar manufacturers Vikram Solar, Webel Solar, and Renewsys in a joint press briefing […]

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NHPC board approves proposal to foray into solar power business

NHPC on Thursday said its board has approved the proposal to foray into solar power business. NHPC is mainly into hydro power generation. “It is to inform that board of directors of NHPC Ltd in its meeting held today…has considered and approved the proposal regarding diversification of business of the company by development of Solar […]

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Solar Installations in India to decline By 23 percent in 2020: IEA

International Energy Agency.(IEA) in its new report revealed that India’s solar installation is set to drop by 23 percent in 2020 as compared to 2019. The agency estimates the largest drop estimated in distributed PV installations. However, it anticipates a rebound in 2021 with capacity additions surpassing 2019 levels. According to the report titled ‘Renewable […]

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