Solar power majors get $3-billion shock from Supreme Court order
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Developers estimate the total cost to change the existing overhead wires to underground cables at ₹22,000 crore (approximately $3 billion), requiring a tariff hike of 10-15% if they have to bear this entire cost, industry insiders said.
Agencies
Emails to SB Energy, ReNew, Adani Green, Acme Solar, Hero Future Energies and NTPC were not answered till press time on Monday.
A Supreme Court order that requires overhead power lines to be taken underground in the habitats of a critically endangered bird is likely to hurt the financial viability of solar projects in Rajasthan and Gujarat. Developers estimate the total cost to change the existing overhead wires to underground cables at Rs 22,000 crore, requiring a tariff hike of 10-15% if they have to bear this entire cost, industry insiders said.
Solar power majors get $3-billion shock from Supreme Court order
SECTIONS
Share
Synopsis
Developers estimate the total cost to change the existing overhead wires to underground cables at ₹22,000 crore (approximately $3 billion), requiring a tariff hike of 10-15% if they have to bear this entire cost, industry insiders said.
Agencies
Emails to SB Energy, ReNew, Adani Green, Acme Solar, Hero Future Energies and NTPC were not answered till press time on Monday.
A Supreme Court order that requires overhead power lines to be taken underground in the habitats of a critically endangered bird is likely to hurt the financial viability of solar projects in Rajasthan and Gujarat. Developers estimate the total cost to change the existing overhead wires to underground cables at Rs 22,000 crore, requiring a tariff hike of 10-15% if they have to bear this entire cost, industry insiders said.
Budget 2021: Developers urge Centre to hold back basic customs duty on solar equipment
Solar power developers fear that this could derail the government s ambitious target of having 175GW renewables by 2022, requiring an investment flow of Rs 1.75 lakh crore
PTI | January 24, 2021 | Updated 14:47 IST
Solar power developers in the country have demanded that the government should hold back the imposition of basic customs duty (BCD) on solar equipment for the time being in the forthcoming budget. They fear that this could derail the government s ambitious target of having 175GW renewables by 2022, requiring an investment flow of Rs 1.75 lakh crore.
According to industry estimates, as much as Rs 1.75 lakh crore investment is required to bid out 35GW of renewable energy capacity in the country. About 50 GW of clean energy is under implementation, while India has already installed over 90GW renewables, including 37GW of solar and 38GW of wind energy.
Solar power developers in the country have demanded that the government should hold back the imposition of basic customs duty (BCD) on solar equipment for the time being in the forthcoming budget. They fear that this could derail the government s ambitious target of having 175GW renewables by 2022, requiring an investment flow of Rs 1.75 lakh crore. According to industry estimates, as much as Rs 1.75 lakh crore investment is required to bid out 35GW of renewable energy capacity in the country. About 50 GW of clean energy is under implementation, while India has already installed over 90GW renewables, including 37GW of solar and 38GW of wind energy.
New Delhi, Jan 24: Solar power developers in the country have demanded that the government should hold back the imposition of basic customs duty (BCD) on