In a surprising ruling that runs counter to the agreements made at the Paris Climate Summit, the World Trade Organization has said that India may not protect local production of solar energy cells. The ruling came in response to a complaint from the United States, which claimed that India’s requirement that 10 percent of its solar panels be produced domestically amounts to restraint of trade.

Read more: A US trade complaint may hinder India's plan for...

RattanIndia Group firm RattanIndia Solar 2 Ltd has won solar project of 50 MW capacity at Allahabad in Uttar Pradesh. "The project was won at a tariff of Rs 4.43 per unit plus a viability gap funding of Rs 75 lakh per MW in reverse e-auction conducted by Solar Energy Corporation Limited (SECI).

 

Overall combined capacity of 440 MW was offered in this bid out of which 50 MW was for Allahabad. The land for the project will be provided by Uttar Pradesh. "RattanIndia has solar projects of more than 240 MW spread across various states of India. All of our solar farms have fully acquired land. 

 

Earlier, RattanIndia had won 70 MW of solar project in Rajasthan through NTPC and 40 MW of solar project in Maharashtra through SECI. 

 

The group is also implementing 10 MW of grid connected solar rooftop projects on CPWD buildings in Delhi and West Bengal which includes important government buildings like The Supreme Court of India and Krishi Bhawan.

 

More Articles ...

Advertisement

Translator

Advertisement
Advertisement

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter 2 Days Left To Book Your Pass. Meet Industry’s Finest Speakers at SolarRoofs Chattisgarh 2019 on 22 February at Hot… https://t.co/bDP5O0B7NQ
About 9 hours ago
SolarQuarter Announcing Award Categories for India's Only Solar BOS Awards Ceremony_Solar BOS Excellence Awards 2019-1 March- No… https://t.co/JBj7F0oeKR
Tuesday, 19 February 2019 02:04
SolarQuarter Latest Market Trends & Business Opportunities To Be Discussed At Nepal Solar Week 2019, 1st March, Hotel Annapurna,… https://t.co/RHT0CXnWiU
Monday, 18 February 2019 01:39

Advertisement