The Indian solar energy sector has mixed expectations from the upcoming union budget. While a majority of industry stakeholders anticipate tax reduction, better rate of interest, subsidies for developers in the Union Budget 2019-20, others do not expect mega announcements with general elections around the corner.
In another attempt to protect the local solar manufacturing market from Chinese imports, Indian companies are considering a fresh anti-dumping petition, after the recently implemented safeguard measures failed to provide the intended relief, an industry executive said.
Karnataka might have set itself an ambitious target of 2,400MW for grid-connected rooftop generation projects by 2021, but the going seems to be slow in eight districts coming under the jurisdiction of the Bangalore Electric Supply Company (Bescom). The number of new rooftop solar plants installed in the region is falling every year: from an all-time high of 521 in 2016-17 to 81 in 2018-19 (till December 31, 2018).
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