Industry News

Rules on sourcing solar modules may be eased amid shortage, arbitrary pricing

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Update time : 2022-09-07 16:05:19
New Delhi: The government may relax the requirement of mandatory sourcing of solar modules from approved manufacturers for up to a year to allow project developers to freely purchase or import equipment from any supplier, people familiar with the development said.Solar Damper,Lithium battery,Solar tracker actuator,Solar Tracking Controller,NMRV Series Worm Gear Reducer,Planetary gear motor,solar pump

It is also considering issuing an order allowing the solar projects to recover the increase in costs due to a higher customs duty levy by raising tariffs as tax rate was increased after the award of projects.Solar Damper,Lithium battery,Solar tracker actuator,Solar Tracking Controller,NMRV Series Worm Gear Reducer,Planetary gear motor,solar pump

Last month, the government lifted restrictions on four pieces of solar equipment for CPSEs.Solar power project developers have to currently purchase modules from a government list of domestic manufacturers, which has resulted in a shortage of equipment as local production is not adequate. Some developers have also complained of arbitrary pricing by local companies.Solar Damper,Lithium battery,Solar tracker actuator,Solar Tracking Controller,NMRV Series Worm Gear Reducer,Planetary gear motor,solar pump
Once the relaxation is notified, solar project developers can procure solar modules from anywhere including China. The decision was conveyed to the solar power industry at a meeting chaired by power and renewable energy minister RK Singh on Monday. A formal order is awaited.Solar Damper,Lithium battery,Solar tracker actuator,Solar Tracking Controller,NMRV Series Worm Gear Reducer,Planetary gear motor,solar pump

ET had on Monday reported the industry expects at least 25 GW projects to be either delayed or face uncertainties due to supply constraints and increase in prices.
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