Policy and Regulations

Restrictive banking provisions hampering RE adoption in India After restrictive net metering regulations and withdrawal of waivers for open access renewable projects, regulators are now restricting banking facility. Banking is important as it provides renewable developers a mechanism to utilize their excess generation and avail financial benefits in some cases. In the last one year, some RE rich states have moved from annual to monthly banking period while some have completely withdrawn the banking facility for RE projects. Gujarat and…

Assessment of CERC draft Power Market Regulations CERC has released a draft Power Market Regulations on 18 July, 2020. The first power market regulations were issued in January 2010, after which two amendments have been made through gazette notifications. These regulations have come in the backdrop of Real Time Market (RTM) for electricity which is introduced a month ago by Power minister Mr. R.K.Singh. In India, short term power market is dominated by two power exchanges, IEX and PXIL. Exchanges…

Webinar Insights: Impact of Basic Custom Duties (BCDs) on Indian Solar Sector As India is bracing to achieve its target of 100 GW of solar energy by 2022, there are issues related to increasing import bills due to solar photovoltaics. India’s module and cell manufacturing remains below par when compared to its Chinese counterparts. In wake of promoting the domestic manufacturing, the government-imposed safeguard duty in July 2018 which is due to expire this month. The government now plans to…

Next wave of growth in the renewable sector to be fueled by UMREPPs In December 2014, MNRE rolled out its scheme for “Development of Solar Parks and Ultra-Mega Solar Power Projects” with an objective to facilitate the solar project developers to set up projects in a plug and play model. The scheme proposed to set up at least 25 solar parks and ultra mega solar power projects across various locations. India houses multiple ultra-mega solar parks with a capacity of…