Safeguard duty: confusion continues
The safeguard duty saga continues: the ministry of new and renewable energy (MNRE) has urged the finance ministry to exempt already awarded solar projects from 25% duty imposed on Chinese and Malaysian solar imports. Hero, Vikram, ACME moved Orissa High Court against the import duty. Last week, Centre imposed the duty despite a High Court stay.
Renewables Just reached first trillion watts
It took 40 years to install a trillion watts wind and solar capacity globally, but the next trillion may be done in 5 years, says the BNEF study. The industry reached the 1-Terrawatt milestone early 2018 ($2.3 trillion spent to set up wind and solar farms). “The next Terrawatt of capacity will cost about half as much – $1.23 trillion – by 2023.”
SECI cancels 2,000 MW wind tender over infra issues
Solar Energy Corporation of India (SECI) cancelled a recent 2,000 MW wind power tender, which was undersubscribed, over lack of sufficient transmission infrastructure. Power developers have been complaining about lack of power evacuation infrastructure.
Lowest bidder kept, others cancelled
Centre’s Solar Energy Corporation of India, (SECI) cancelled all but the lowest priced projectallotted in its mega 3000 MW July 13 auction. 2,400 MW (of 3,000 MW) was cancelled because “the projects were too expensive”. Only ACME’s 600 MW project with the lowest Rs. 2.44 per unit tariff wasn’t cancelled.