$1. 3 billion investment fund. India's new energy and renewable energy for parallel to support the solar industry

Solar photovoltaic (pv) net news: recently, India's new energy and renewable energy ( MNRE) Said it will set up 100 billion rupees ( Us $1. 3 billion) Alternative investment funds, to provide funding for renewable energy developers, and provide special funds for manufacturers.

in addition, the department said the plan to offer up to 6 - 8% of the export incentives to support the solar industry. Added that the department will stagger in 15% of the basic duties when applicable, solar equipment, in order to avoid damage the interests of developers.

the added, at present, solar power, 35 gw renewable energy installations are in different stages of installation, another 33 gw in the bidding stage. Combined with the current installed capacity, with a total installed capacity will reach 160 gigawatts (gw). So, before the end of the year, only need to tender 15 gw can achieve the objectives of the 175 gw of installed capacity in 2022.

Kumar said, according to the ( State-owned lenders) India's renewable energy development ( IREDA） Collection of data, so far, solar energy, there are still 120 billion rupees renewable energy developers and mortgage loans to power suppliers. So the department is planning to set up a government-backed alternative investment funds, solar portal, and to raise 100 billion rupees, the money will be used to pay for developers and power suppliers.

in addition, the solar energy portal, the department has shifted from pure solar power bidding to the hybrid power generation, energy storage, peak power and all-weather hybrid power generation bidding.

the minister, said India's import and export bank ( 进出口银行) Has agreed to provide loans to support exports. The government has also asked the Treasury will export incentives from up to 6-2% 8% so that the Indian manufacturers to export its products.

in addition, to protect the interests of developers and manufacturers, the department is a crisscross tax measures, a basic tariff on solar module ( BCD） 。

solar photovoltaic network statement: this information is reproduced from the power grid cooperation media or other Internet website, solar photovoltaic network published the article for the purpose of the information, does not mean that agree with his point of view or confirm its description. The article content is for reference only.

this paper statistics the September to today issued a total of 2. 85 gw pv power plant EPC and 1. 9 gw component bid opening information. Among them, the EPC project owner units is given priority to with soe/state, this also reflected from the side, in project bidding and parity, the state-owned enterprises have become the absolute main force. Specifically, CGNPC in development of 410 mw, 603 mw, guangzhou energy saving 220 mw, 345 mw, jin can group the people vote for 200 mw, 190 mw hubei energy group, huaneng power 180 mw