Budgetary Allocation for Solar Sees Upward Thrust, But Wind Slumps Updated On Thu, Feb 2nd, 2023 by Saurenergy Finance Minister Nirmala Sitharaman has placed eminence on green growth in Budget 2023-24. Consequently, a slew of announcements and schemes have been announced. Off-grid and grid-connecting solar projects as well as PM-KUSUM has also see a major increase in budgetary allocation. An outlay of Rs 7327 crore has been approved towards the scheme for both […] Read more
NIIFL Signs Agreement with Tamil Nadu for Renewable Energy Projects Updated On Tue, Dec 13th, 2022 by Saurenergy The National Investment and Infrastructure Fund Ltd (NIIFL) has announced that it has signed an MoU with the Tamil Nadu Infrastructure Development Board (TNIDB) to attract investment in infrastructure development in the southern state. This will also include attracting commercial capital in the renewable energy sector. The State Government of Tamil Nadu has set up […] Read more
Finance Minister Nirmala Sitharaman Launches ‘Women in Solar Energy’ Portal Updated On Wed, Nov 23rd, 2022 by Saurenergy Women should be at the center of energy transition and drive India’s renewable energy journey growth story, says India’s Finance Minister, Nirmala Sitharaman at the NSEFI’s (National Solar Energy Federation of India) ‘Women in Energy’ event. On November 21, 2022, The National Solar Energy Federation of India (NSEFI) hosted a conference on women in the […] Read more
Mizoram Looks Towards Centre to Fund Solar Water Pumps Updated On Mon, Oct 10th, 2022 by Saurenergy An official statement from the State Government of Mizoram has revealed that the State has asked for funding from the Central Government for solar water pumps. The pumps are to assist the farmers of the State and help provide water for farm irrigation. The statement held that last week, the Agriculture Minister C Lalrinsanga had […] Read more
EV Batteries in 5% GST Bracket to Support Faster Adoption Updated On Tue, Jul 5th, 2022 by Saurenergy The GST rates on lithium-ion battery packs have been reduced by the government from 18 percent to 5 per cent which is the lowest tax category. A statement by the Finance Ministry held, “Electric vehicles, whether or not fitted with a battery pack, are eligible for the concessional GST rate of 5 percent.” This was […] Read more
NSEFI Writes To Fin Min For GST Concessions On Green Technologies Updated On Mon, May 2nd, 2022 by Saurenergy Leading solar body NSEFI (National Solar Energy Federation of India) has pitched to Finance Minister Nirmala Sitharaman, asking for concessional GST and custom duties on emerging technologies and goods essential to encouraging the green transition. “As emerging technologies require time and scale to reach price parity with existing carbon-based energy systems, concessional GST & Custom […] Read more
EV Charging- current status/ challenges and way forward Updated On Tue, Feb 8th, 2022 by Saurenergy By Kunwer Sachdev India’s interest in adopting clean mobility is now firm and clear. The government of India has taken steps towards encouraging an EV ecosystem in the country through the FAME policies, reduction of GST on EVs, and most recently, the Production Linked Incentives. The idea is to create an economic environment for EV […] Read more
Budget 2022. Keep Up The Good Work, Says FM To RE Sector Updated On Tue, Feb 1st, 2022 by Saurenergy In her shortest budget speech till date in four years, Finance Minister Nirmala Sitharaman stuck to the big picture, leaving the fine details of the budget to be understood later. It would be safe to say that with key reform measures still in the pipeline, such as the Electricity (Amendment Bill) Bill, we might see […] Read more
The 2021 Roadmap For Solar Updated On Thu, Feb 11th, 2021 by Saurenergy With Budget 2021 finally behind us, India’s renewable energy sector, particularly solar has to reckon with a new reality finally. The renewable energy sector, especially solar, will have the government’s ear, but don’t expect any major moves anytime soon, as the government grapples with broader issues across the economy. Solar at least has the comfort […] Read more
