What does the New Budget mean for India’s Solar Market?

The ten year income tax holiday (section 80 IA) on solar projects has been extended till March 2017 A total of INR 5 bn (USD 83 m) is dedicated to the development of new ultramega’, GW-scale solar projects in Rajasthan, Gujarat, Andhra Pradesh, Tamil Nadu and Ladakh Customs duty is waived on copper wire ribbons (used in modules), back sheets and EVA sheets. There are also waivers on duties for imported machines used in the manufacture of #solar #equipment such as cells and modules The Clean Energy cess on coal and lignite has been doubled from INR 50 (0.8 USD) to INR 100 (1.67 USD) per tonne.