The Uttar Pradesh Solar Policy (Draft) highlights a few important figures on capacity of Solar Energy in India. It states that the potential stands at a whopping 23.8 GW in the state out of which the MNRE target is 10.7 GW (4.3 GW in Rooftop) by 2022. The current installed capacity however, stands at 0.269 GW (as of January 2017) which is only 2.5% of the target (refer).
Among the types of Solar Projects for which the Solar Policy is applicable for (see below), only Rooftop Projects have a definite target to achieve:
Slowly, but surely, clarifications are coming in about the duties and taxes that are there to stay and those that would no longer be valid. In a recent notification on 21st August 2017, Ministry of New and Renewable Energy clarified that Concessional Custom Duty Certificates (CCDC) will continue to be issued. It will be issued on the Bill of Materials to be imported for setup of the Solar Plant (refer).
The process to be followed for acquiring CCDC may be viewed here. The application for CCDC may be submitted via this link. The move to keep CCDC has led to the industry taking a sigh of relief in the midst of projects that EPCs have acquired but have not yet started construction for. Although, most industry members would agree, the delay in these clarifications has led to considerable delay in project execution as well, meaning costs.
The Ministry of New and Renewable Energy recently put out a public notification which highlights the complaints received by customers about EPC Companies and State Nodal Agencies (refer). This comes hugely in favor of end customers be it Commercial or Domestic.
It clearly highlights the complaint and who it has been raised against. Also, the action that would be taken if the accused party fails to resolve it. This was a much needed move that was needed in the market to build trust. So far, the market had witnessed many projects being executed with unmet promises and end customers were left merciless.
MNRE clearly makes it transparent the State Nodal Agencies who are not or have not released subsidies for projects (despite submission of applications) giving them a time frame of 15 days to do the same. MNRE also claims that should the SNA fail to do so, the complaint will not be removed from the website.
Somehow while discussing the major cities to go solar, we never really thought too much about the potential Odisha might have to go solar. As a matter of fact, climatically, it makes a lot of sense for Odisha to go solar. Let’s have a look at some basic facts:
If you’ve been in the Solar Energy Industry for the past 3-4 years and you’re beginning to think the excitement of the government might have died for Solar Energy, I’d like to stop you right there. The government has introduced yet another scheme for the Solar Energy sector which is an opportunity for those doing business and affordable & beneficial for the end customers.
Cost Comparison Of Solar PV Projects over past 5 Financial Years
The cost of setting up a solar power project has reduced by 34.2% over the past 5 years. Lets have a look at the analysis and understand the several factors effecting the benchmark capital cost of setting up a solar power project for the year 2016-2017.