News Detail

SECI has keyed up to make SECI tenders appealing for the interested developers and has aptly amended various clause of manufacturing linked tender, where capacity has been added on to 7 GWp from 6 GWp coupled with 2 GWp of manufacturing component. IREDA has also extended its support to provide term loan to solar manufacturing projects. In advocation relaxation has been given in terms of commissioning schedules and setting up of solar manufacturing capacity of 2 GW, where one-fourth of the cumulative allocated capacity will need to be commissioned within 48-60 months and solar manufacturing capacity of 2 GW, which would be set up over two years from the date when the power purchase agreements (PPAs) have been signed earlier these timelines were defined from date of the issue of Letter of Award (LoA). Flexibility has also been given to change its delivery point (within the same state) until the deadline for financial closure. Such steps taken by the government is poised to develop interest of developers and build investor faith in the solar segment.