MNRE provides a five-month extension for renewable energy projects hit by COVID-19 & ISTS waiver extension for solar projects until June 2023 - brings much-needed respite for the solar industry
The ministry of new and renewable energy (MNRE) has granted an extension in the scheduled commissioning date for renewable energy projects by five months from 25 March to 24 August 2020 to overcome the disruption caused by the nationwide lockdown due to the coronavirus outbreak. The government has been ever supportive in motivating the solar segment to grow in the country by providing favourable regulatory and policy atmosphere and steps like these will surely help the solar developers who have been hit due to the lockdown to commission projects without the stress of being penalized and also will provide time to the labourers to return back to project sites. Also, government’s step to wave off inter-state transmission charges and losses for transmission of the electricity generated by power plants using solar and wind sources of energy, including solar-wind hybrid power plants with or without storage commissioned till 30th June 2023 has been met with relief by the industry, after COVID 19 had heavily hit renewable projects development.
The ministry of new and renewable energy (MNRE) has granted an extension in the scheduled commissioning date for renewable energy projects by five months from 25 March to 24 August 2020 to overcome the disruption caused by the nationwide lockdown due to the coronavirus outbreak. The government has been ever supportive in motivating the solar segment to grow in the country by providing favourable regulatory and policy atmosphere and steps like these will surely help the solar developers who have been hit due to the lockdown to commission projects without the stress of being penalized and also will provide time to the labourers to return back to project sites. Also, government’s step to wave off inter-state transmission charges and losses for transmission of the electricity generated by power plants using solar and wind sources of energy, including solar-wind hybrid power plants with or without storage commissioned till 30th June 2023 has been met with relief by the industry, after COVID 19 had heavily hit renewable projects development.
Table of Contents
- This Quarter
- Key Features
- Leading Edge
- Numbers to Learn
- The Eighty - 20 of Industry - What Matters?
- Key Signposts
- Deployment Trends
- Technology
- Price Trends
- Industry Activities & Corporate Strategies
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ACME
- Renew
- Amplus Solar
- Azzure Power
- Tata Power
- UPC Renewables
- Avaada Energy
- EESL
- NTPC
- SECI
- SB Energy
- AMP Energy
- Hero Future
- Greenko
- Adani
- Sprng Energy
