Photovoltaic

Solar modules to be taxed at 5% under GST as against 18% declared earlier

Last week, we wrote that the proposed 18% Goods and Service Tax (GST) on solar modules could cause major disruption in the industry and affect over 10 GW of projects. Following uproar in the industry, India’s revenue secretary, Hasmukh Adhia, has clarified that the rate of tax on solar modules should be 5% and not 18%. He said that an official clarification in this regard may be issued on June 3 when the GST council meets next. Earlier last week, secretary for Ministry of New and Renewable Energy (MNRE) had also issued a statement that the 18% rate on solar modules seems to be an anomaly and that it should be corrected.

29.05.2017

BayWa r.e. acquires OneShore Energy

Even in remote regions the hybrid technology produces power in a reliable way. (Photo: BayWa r.e.)

OneShore Energy, a Berlin-based start-up specializes in the analysis, planning and operation of solar-diesel hybrid plants has been acquired by BayWa r.e. With this acquisition the company is further expanding its commitment to off-grid solutions.

29.05.2017

New Indian regulation to increase overall project cost of PV by 12 % by July, 1

The Indian government has raised GST rates to a rate of 18 % (photo: iStock)

The Indian government has released new regulations that could severely affect the Indian PV boom: The Goods and Services Tax (GST) rates have been raised under the new indirect tax regime to a rate of 18 %.

23.05.2017

WIRSOL opens office in Sydney and plans to expand its activities

Within the scope of expansion of its business activities on the Australian german solar energy system project developer Wirsol has opened a new office in Sydney. The new office will coordinate the company's entire Australian activites, meaning the realisation of planned solar farms and the development of further potential projects.

18.05.2017

Kyocera and partners announce groundbreaking of 92MW Power Plant in Japan

The Kanoya Osaki Solar Hills PV-plant is going to cover an area of about 2 km². (Photo: Kyocera)

Kanoya Osaki Solar Hills LLC has launched the construction of a 92 MW solar power plant in the japanese Kagoshima Prefecture. The solar power operating company is a joint venture of Kyocera Corporation, K.K. GAIA POWER, Kyudenko Corporation and Tokyo Century Corporation. Once finished the power plant is expected to generate 99,230 MWh annually, enough electricity to power approximately 33,370 typical households, offsetting roughly 52,940 tons of carbon dioxide emissions per year.

17.05.2017

SolarWorld AG: Insolvency

After conducting a review of the company's current situation the management board of SolarWorld cam to the conclusion, that the Company no longer has a positive going concern prognosis, is therefore over-indebted and thus obliged to file for insolvency proceedings. The main Reasons are ongoing price erosion and the development of the business.

11.05.2017

Tesla's solar roof can be orderd starting today

Elon Musk, CEO of Tesla, has announced, that the company is accepting orders for their solar tiles starting starting today. The announcement has been made using Twitter. Now customers can pre-order the black glass smooth and the textured version.

10.05.2017

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