Care Rankings analysts estimate solar energy costs might improve by round 20% fundamental customs responsibility comes into pressure on April 1, 2022.
Imports of photo voltaic cells and modules from China, Thailand and Vietnam are at present topic to a 14.50% safeguard responsibility, which is because of expire on July 30. Though there may be some ambiguity across the extension of the safeguard responsibility, the Ministry of New and Renewable Power has confirmed that the Ministry of Finance has authorised the proposal to levy a 40% tariff on photo voltaic modules. and 25% on cells, from April. 2022. The worth of photo voltaic electrical energy in India fell to a report low of INR 1.99 (USD 0.027) / kWh throughout a 500 MW Gujarat public sale held in December.
The proposed fundamental tariff construction shall be relevant with out grandfathered tendering tasks. ADue to this fact, scheduled tasks that aren’t commissioned by March 31, 2022 wouldn’t be entitled to compensation for a change in regulation. This might have a direct affect on the yields and debt service capability of such tasks, in keeping with Care Rankings.
Tasks slated for commissioning after April 1, 2022 shall be eligible for regulation change compensation, however it has all the time been a protracted course of. It is going to additionally improve electrical energy prices for patrons.
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