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Renewable Energy Staggering in deart of Certainity

<p><span style="font-size:9.0pt">Renewable Energy in India has been in focus due tremendous growth in the sector which has lured private Investors. Industry has turned competitive and is reflective in declining solar tariff and distinct&nbsp;developer&#39;s participation from across the borders.</span></p> <p><span style="font-size:9.0pt">Recent utility scale renewable power auction stands cancelled due to uncertainty of safeguard duty, GST rates and inadequate transmission capacities. This event needs urgent attention as financers fear changing regulation and re-auction. This loses credibility and makes its more challenging to secure loan for a riskier project. Changing regulatory requirements such as safeguard duties on solar panels and modules may have had an impact through higher tariffs quoted at the auctions.</span></p>