IB Solar Cordially invites you to visit our Stall No. – 11.236.
At RENEWABLE ENERGY INDIA EXPO 2018.
To witness our latest range of MONO PERC Modules and our newly launched Solar-Mains Converter.
Date : 18 – 20 September, 2018
Venue : India Expo Centre, Greater Noida, (NCR)
Time : 10:00 to 18:00 Hrs
Visit us : www.ibsolar.co.in
Mail us : marketing@ibsolar.co.in
Call us : +91-9910222871, 0120-4123335
India will soon begin with the imposition of safeguard duty on solar cells and modules which had been put on hold by the government. In a significant order, the Supreme Court of India has made it clear that safeguard duty will be levied effective July 30, 2018. Through this interim order, the apex court of the country has nullified the Orissa High Court’s stay order on levy of safeguard duty on imported solar cells and modules.
According to Mercom’s source at the Supreme Court, “The Ministry of Finance, Government of India, had moved the apex court seeking relief from the stay order put on the levy of safeguard duty on solar cells and modules by the Orissa High Court. This is an interim order and the next hearing is scheduled for October. Basically, this paves the way for levy of duty while the case is being deliberated by the apex body.”
The Directorate General of Trade Remedies (DGTR) had recommended levy of 25 percent safeguard duty on solar cell imports from China and Malaysia for the first year, followed by a phased down approach for a second year. In the first six months of the second year, a safeguard duty of 20 percent will be payable by exporters to India and in the latter half of the second year, exporters will pay a safeguard duty of 15 percent.
Per an industry source aware of the development, “Supreme Court has stayed the stay order by Orissa High Court in case of Safeguard duty. Ministry of Finance had petitioned in the Supreme Court against the stay order passed by Orissa High Court on the order imposing safeguard duty on July 30, 2018. The resulting implication is that solar imports from July 30th may attract a safeguard duty of 25 percent and all the developers who had their solar module shipments released by providing bonds may now have to pay the safeguard duty.”
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Happy Janmashtami!
May Lord Krishna steal your tensions and worries on Janmashtami, and give you love, peace and happiness.
isit us : www.ibsolar.co.in
Mail us : marketing@ibsolar.co.in
Call us : +91-9910222871, 0120-4123335
Renewable energy installations in the country are progressively increasing and do not appear to be facing any major challenges
The renewable energy sector in India is attracting companies from across the world
There is no reliable formal institution which carries out rankings on renewable energy country attractive index. However, there are private agencies who carry out such rankings. The renewable energy sector in India is consistently growing and continues to remain attractive for investors from across the world.
Solar tariffs in India saw the lowest ever level of Rs.2.44 per unit in reverse auctions carried out by Solar Energy Corporation of India (SECI) in May 2017, for 200 MW and again in July, 2018, for 600 MW.
Renewable energy sector in India is attracting companies from across the world. However, as at the stage of auction, the details regarding their fund tie-up for the project are not required to be submitted, this ministry has no information about the capital structure /composition of the companies participating in the renewable energy auctions. Thereby indicating the absence of any major challenges to low solar tariffs in India.
A total of around 69,784 MW of renewable energy capacity has been installed in the country as on 31.03.2018 from all renewable energy sources which includes around 34,145 MW from Wind, around 21,651 MW from solar, around 4,486 MW from Small Hydro Power and around 9,502 MW from Bio-power.
The Government has set a target of installing 175 GW of renewable energy capacity by the year 2022 which includes 100 GW from solar, 60 GW from wind, 10 GW from biomass and 5 GW from small hydro capacity. So far, 71.33 GW of renewable energy capacity has been installed in the country up to June 2018. To achieve the balance target of 103.67 GW, investment of around 76 billion US$ has been estimated at present capital cost which includes 53.20 billion US$ as debt and 22.80 billion US$ as equity for the debt-equity ratio of 70:30 as per Central Electricity Regulatory Commission (CERC) norms.
This information was provided by Shri R.K. Singh, Union Minister of State (IC) Power and New & Renewable Energy in written reply to a question in Rajya Sabha today.
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