renewable energy projects

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(No Transcript)
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Title Solar Power In India May Benefit From
Budget

• Summary Solar power generation in India may get
  a boost with some of the proposals announced as
  part of the Union Budget 2016-17.
• Solar power in India has been a major focus area
  for the Central Government and the industry
  wanted the Government to offer tax incentives and
  other financial support ahead of the Union
  Budget. These incentives were demanded to help
  make solar power generation an attractive and
  viable option. The Government has an ambitious
  target of deployment of 175 GW renewable power
  capacities by the year 2022 and this includes 100
  GW of solar energy. Industry players had also
  asked for improved non-recourse financing,
  activation of REC benefits for solar rooftop
  projects, waiver of banking charges and
  electricity duty for solar rooftops and an
  effective ecosystem and net metering guideline
  enforcement across states. Renewable purchase
  obligations, boost grid infrastructure, promoting
  storage solutions through subsidies and
  incentives and other sops were also sought by the
  solar power industry.

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• With the Union Budget 2016-17 proposals, solar
  power is expected to double its annual capacity
  this year due to lowered costs and a better
  policy structure. More than 4, 000 MW will be
  added in 2016 as compared to the previous
  forecast of 3, 600 MW as per several studies and
  reports. This represents 100 year-on-year growth
  and solar installations should achieve record
  growth in 2016 and 2017 after growing by 142
  last year. The Union Budget has doubled the clean
  energy cess on ignite, coal and peat from INR 200
  to INR 400 a tonne for financing clean energy
  initiatives. This will certainly benefit the
  solar power industry along with the target to
  achieve 100 electrification of villages by the
  1st of May, 2018 as announced in the Budget.
• However, there has been a reduction in
  accelerated depreciation benefits for renewable
  energy investments to 40 from the earlier 80
  which is a dampener for the solar power industry
  and other renewable verticals and this policy may
  impact overall investor demand. Clean energy cess
  will raise conventional power generation costs
  and benefit solar power players as this will
  reduce the gap between solar and regular power
  even more. Overall there are more than 10, 000 MW
  of projects currently being developed in the
  country and the industry should see better times
  in the near future.
• Welspun Solar is one of the pioneering companies
  leading change in the solar power sector and has
  one of the worlds largest solar plants at
  Neemuch which has a capacity of 151 MW (DC). The
  company has targeted 5000 MW of capacity over the
  next few years as part of its mission to offer
  clean and effective power to the country.

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Awards

• GLOBAL SOLAR ENERGY LEADERSHIP AWARD 2015

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Contact Us

• MUMBAI406, Hubtown Solaris, NS Phadke
  Marg, Andheri East, Mumbai - 400069,Phone
  91-022-61408000Fax [phone]
• NEW DELHI3rd Floor, Press Trust of India
  Building. 4 Parliament Street, New Delhi -
  110001Phone [phone]Fax
  91-011-66273091
• General Enquiries
• Email welspunenergy_at_welspunenergy.com
• Website http//www.welspunrenewables.com