Interesting Ways the World is Using Solar – Solar Powered Pest Control System

Nikhil Gupta | 18th February 2021

Solar Powered Pest Control System Application

Innovators from all around the world have showcased some unimaginable applications of solar energy. From solar roofed bike lanes to solar paints, from solar-powered clothes to solar cars, the energy has been used by creative minds in unfathomable ways. This MYSUN blog series - interesting ways the world is using solar, is an attempt to give a stage to such incredible innovations and thereby spread awareness on the viability of solar energy.

Adding another innovation to the list, here is one more exciting application of solar energy right from the most premium technical institute of India: Solar-powered Pest Control System from IIT Kharagpur.

The Innovation: Solar Powered Pest Control System

Researchers at IIT Kharagpur have developed a self-driven high-performance pest controlling device. Powered by solar energy, the device has been built with the idea of helping marginal farmers spray pest controlling liquid chemicals in agricultural tracks. Packed with the ability to guide safely through the tracks the device is being said to reduce manual labour while providing uniformity in liquid spraying. Masterminding this innovation is Prof. Hifjur Raheman, Anup Behera Rahul K and Prof. P.B.S. Bhadoria.

Solar Powered Pest Control System

How does this Solar Powered Pest Control System Work?

Built on a three-wheeler trolley, the solar-powered pest control system has been created with an assembly of a propelling unit, a liquid storage tank, a DC motor operated pump, spray nozzles, a solar-powered battery and a solar panel. The DC motor operated pump pressurizes the liquid to be spread, and multiple nozzles mounted on a boom help the system spray the liquid in a wider width at a time. The solar panel installed on the rooftop of the device creates and supplies the energy required to run and navigate the semi-automated system. An operator is needed to control the movement of the spraying units.

MYSUN’s Take on the Innovation

The development of this device is another testament to the utility of solar energy. It demonstrates how with a little innovation the energy from the sun can be applied to any appliance or technology that we need. The success of innovations like these goes to show the instrumental role solar energy can play in reducing our dependence on fossil fuels. It will be interesting to see how this idea scales up and is commercialized. We are sure there are many more innovations coming along the way which will transform the way we consume energy today.

Image Credit: https://kgpchronicle.iitkgp.ac.in/

The Union Budget Proves to be a Mixed Bag for the Solar Industry in 2021

Nikhil Gupta | 2nd February 2021

Union Budget 2021

The 2021 Union Budget was one of the most keenly anticipated budgets in the history of modern India. Read-out in the backdrop of the global pandemic the budget came with high expectations. Some of the major announcements made included - allocation of Rs 35,000 Crores for manufacturing and distribution of COVID-19 vaccines, allocation of Rs 1.97 lakh crores for nurturing of global manufacturing champions to increase jobs for the youth, increase in FDI from 49% to 74% for the insurance industry and a vision to launch 7 more textile parks along with a mega-investment in textile parks within the next 3 years.

Another important announcement was the decision to break the monopoly of the DISCOMs by offering the customers a choice. The Finance Minister was quoted saying, “Distribution companies across the country are monopolies, either government or private. There is a need to provide choice to consumers by promoting competition. A framework will be put in place to give consumers options to choose from among more than one distribution firm”. INR 3.05 trillion has been sanctioned for the DISCOM reforms.

The Announcements Made for the Renewable Energy Industry

For the renewable energy industry, the sanctions announced included a grant of Rs 1500 Crores to Indian Renewable Energy Development Agency Limited (IREDA) and of Rs 1000 Crores to Solar Energy Corporation of India(SECI) for the growth of the renewable and solar energy sector in India. The announcements also included an increase in duty on solar inverters(from 5% to 20%) and solar lanterns(from 5% to 15%) for the encouragement of domestic production.

MYSUN’s Take on the Budget

Riddled with the pandemic and the subsequent lockdowns, the growth of the solar industry has seen a slowdown across both the manufacturing and installation categories. As per media reports, the solar installation category alone has seen a drop of 81%, from 1.1 GW in the first quarter of 2020 to 205 MW in the 2nd quarter of 2020.

The increase in duty for solar inverters is likely to increase the cost of solar systems. This new inclusion along with the existing safeguard duty of 14.9% on imported solar modules will make going solar more costly. Furthermore, with no clarity now on how the funds allocated to SECI is going to be used, and levying of the duty on solar batteries in a time when the domestic manufacturing industry is far from being formidable, the budget presented, though good for the overall economy, seems uncertain of bringing significant positive transformations in the solar industry.

Note: This is only an initial reaction to the budget. A more detailed analysis may be published at a later date.

A New Solar Policy for Gujarat in 2021 – Good News for MSMEs/Businesses of the State

Nikhil Gupta | 18th January 2021

Solar policy in Gujarat 2021

2021 has barely begun and there is already great news for commercial and industrial power consumers of Gujarat. The state, which ranks 2nd in the country with an installed solar capacity of over 5000 MW, recently released its new solar policy with a vision to increase its dependency on renewable energy and promote solar among MSMEs/Industries in the state. The policy, as stated by the Chief Minister of the state, will reduce the cost of production for industries by increasing the consumption and production of solar energy within its geography. Here are the incentives and benefits from the policy that you as a business owner can avail by going solar in Gujarat:

1. Freedom to install a solar system of any capacity

The new policy allows any person /developer/consumer to set up solar projects without any capacity ceiling; the existing ceiling of 50% sanctioned load / contracted demand has been removed. This gives the liberty to commercial and industrial power consumers in the state to utilize the full potential of their rooftops by going solar.

2. Opportunity to install solar systems for self & third-party consumption

The policy states that consumers can set up solar projects on their roof/premises or can give their roof/premises on lease to the third party for generation and consumption of power in same or different premises. This brings in great benefits for businesses with available spaces who may or may not have solar energy requirements. Such businesses can use their premise to install a solar system for self-consumption or gain financial advantage by leasing their space for solar installation.

3. Facility to go solar in collective ownership model

The new Gujarat Solar Policy has also brought in a provision to allow a group of consumers to set up solar projects for self-consumption. The owners of the project can consume the generated energy in the ratio of their ownership. This makes going solar easy for businesses with limited/tied-up capital.

4. More incentive for the surplus energy generated from the solar system

The policy entails that the surplus energy generated from the solar project after set off on the billing cycle basis shall be purchased by respective DISCOM at INR 2.25. This is an increase from the earlier net-metering tariff of INR 1.75. However, the policy has conditioned this increase in tariff for a period of 5 years after which the surplus energy shall be purchased by DISCOM at 75% of the simple average of tariff discovered and contracted under competitive bidding process by GUVNL(Gujarat Urja Vikas Nigam Limited).

5. Provision to go solar under Power Purchase Agreement

With the policy allowing third party installation of the solar system, businesses in Gujarat have now the option to go solar with a PPA(Power Purchase Agreement) Model of buying solar. Being prohibited earlier, this new inclusion in the policy would give another means to businesses to adopt solar in a pay per-unit cost model and thereby avoid the capital cost of the solar system.

The new Gujarat solar policy is in line with the state’s vision to boost its renewable energy capacity. The decisions of removing capping on solar installation, allowing PPA, increasing the tariff on surplus energy generated by solar systems, permitting installing solar for self and third party consumption, and legitimizing collective ownership of solar plants for self-consumption are all favourable moves for the heavy power consumers of the state. Businesses will benefit from these. However, certain ambiguities like, the permissible limit of net-metering being 50% of the sanctioned load as per the state’s current net-metering policy of 2016, remain yet to be clarified to form a conclusive understanding of the savings that power consumers can actually make on their power bills with solar. We are positive that the policy will accelerate solar adoption in Gujarat and enable many more businesses to go green.

5 Reasons to Solarize Your Business in Madhya Pradesh Today

Nikhil Gupta | 18th December 2020

Solar system in Madhya Pradesh

Madhya Pradesh, the second largest state of India, is one of the fastest-growing economies in the country. The state’s GSDP grew at a CAGR of 13.78% between 2015-16 and 2019-20. With a GSDP of Rs. 9.07 trillion the state ranks 10th in the country. The state also enjoys a good reputation in the ease of doing business and has recently moved up to the 4th position in this metric, after Andhra Pradesh, Uttar Pradesh and Telangana. The state has witnessed an increase in the number of MSMEs over the years from over 19,000 in 2012~13 to over 87,000 today. Businesses operating in such a conducive environment have the potential to grow exponentially given an optimum utilization of resources. And going solar is one of the ways to achieve this as it helps keep business expenses low, by helping you save up to 80% on your power expenses.

The growth prospect offered by the economy of Madhya Pradesh is just one of the reasons why businesses in the region should consider optimizing their power expenses. Today with the help of this blog, we will bring forth you 5 more strong reasons explaining why you should solarize your business in MP today.

1. Solar Potential of Madhya Pradesh

Located in the central part of India, Madhya Pradesh is a land of high solar radiation. With around 5.5 kWh/ sq.m/per day the state possesses the potential to meet the power requirement of every business/industry under the sun. A testimony to this is the state’s rising solar capacity which increased from 400 MW in 2012 to 5000 MW today. This potential of the state to generate solar energy can also be assessed with the state’s recently set new solar target of achieving 10,000 MW of solar capacity by the year 2022.

2. Solar Saving Potential of Businesses in Madhya Pradesh

Given the huge solar potential of the state, businesses in Madhya Pradesh are naturally bestowed with an opportunity to save big on their power expenses every year. Going solar makes businesses power independent. This reduces their consumption of electricity from the grid and other traditional sources of energy, thus saving lakhs in the process every year. An evidence to this is the various clients of MYSUN who are saving millions with solar not only in Madhya Pradesh but across India.

One of the ways to access the solar savings potential of your business is to run the MYSUN Solar Calculator. Designed with advanced algorithms and mapped with the solar radiation and electricity tariff of every pincode in India, the MYSUN Solar Calculator helps you pre-determine your savings from solar in a matter of just ten seconds. For example, as per the MYSUN Solar Calculator, a business unit in Indore with an average electricity bill of Rs 10 Lakhs can save approximately 43% on power bills every month under a commercial power category and 41% every month under industrial power category.

Solar saving for a Commercial Business Unit in Indore

Estimated Savings from Solar for a Commercial Business Unit in Indore

Solar savings for an Industrial Business Unit in Indore

Estimated Savings from Solar for an Industrial Business Unit in Indore

3. Solar Policy of Madhya Pradesh

Along with the immediate savings, that businesses in Madhya Pradesh can reap by generating their own electricity, the businesses in the state can also enhance this savings with the help of net-metering offered under the state’s solar policy. As per the policy, businesses can export the surplus energy generated by their solar system to the grid in exchange for compensation which increases the overall financial benefits. Not only this, but the solar policy of Madhya Pradesh also allows businesses in the state to avail an Accelerated Depreciation benefit of 40% on their solar system cost and a 10 year tax holiday on solar projects. There are provisions of solar loans too under a priority sector lending.

4. Businesses are already Saving a Fortune with Solar in Madhya Pradesh

Numerous businesses in Madhya Pradesh have already identified the benefits of solar and are reaping the benefits right at this moment. One such business is this leading insulation material manufacturing company in Pithampur which is saving approximately Rs 93 Lakhs on power bills every year after going solar with MYSUN. Just like the stated example, several of your competitors are already evaluating solar, which would give them a competitive edge. Make your decision to go solar today, to stay ahead in the race.

5. Easy Availability of Solar Financing Options

Given the high requirement of energy by businesses, going solar requires a sizeable investment. This might make solar appear an unfeasible option for numerous businesses but the fact is that with MYSUN’s Solar Financing Solutions buying solar is now easy for every business in Madhya Pradesh and across India. Businesses can easily avoid the upfront payment of the solar system and split it into easy instalments. With MYSUN Power Purchase agreement, businesses can even choose to go solar without paying the capital cost of the solar system.

We hope these five points might have helped you access the benefits of solarizing your business unit in Madhya Pradesh. Therefore take the first step now and start your solar journey today.

India to Impose 40% Customs Duty on Imported Solar Modules

Nikhil Gupta | 16th December 2020

40% Customs Duty on Imported Solar Modules

In a support to the domestic solar panel manufacturing industry, India may soon impose a Basic Customs Duty on imported solar modules and cells in the country. Reported in various media releases, the plans to levy a basic customs duty of 40% on solar modules and 25% on solar cells is underway as mentioned by power and renewable energy minister Mr Raj Kumar Singh.

The Backdrop of the Customs Duty

Over 80% of the solar modules used in solar projects in India are imported from countries like China and Malaysia. The imposition is therefore said to be a part of the Atmanirbhar Bharat or Self-Reliant India strategy which seeks to increase the dependence of the industry on domestically manufactured solar modules and cells. Currently, there is a safeguard duty of 15% which is levied on such imports. The basic customs duty once in effect will replace the safeguard duty. The duty is being said to be implemented from April of 2022.

MYSUN’s Take: How will the imposition of the duty impact you as a Power Consumer?

The Basic Customs Duty, even though being said to be implemented with the objective to build a sustainable solar manufacturing industry in the country, might not have a very favourable impact on the power consumers of the nation initially. The duty once in place will lead to a rise in price for both imported and the home manufactured solar modules which in turn will further increase the cost of solar systems for consumers across categories. Being still at an early stage of growth, the domestic module manufacturing industry might also struggle to keep up with the demands and quality, and thereby impact the progress of the ongoing solar projects negatively.

India is a growing economy which has the potential to meet the solar requirements of countries around the world. We hope any development or changes in the policies ahead leads to a harmonious growth of the industry and the consumers alike.

Insulation Material Manufacturing Company in Madhya Pradesh Saves a Fortune Annually by Going Solar

Nikhil Gupta | 4th December 2020

Solar plant in MP

Madhya Pradesh is one of the fastest-growing states in India. With a GSDP of around ₹9.62 lakh crores, the state ranks 10th in the nation and is consistently growing at a rate of 12~14.2%. There has been a tremendous increase in the state’s commercial capabilities over the years where the number of registered MSME units alone has grown from over 19,000 in 2012~13 to over 87,000 today. Given such an increase in economic activity, access to affordable power is a significant requirement.

The below MYSUN Client, i.e a manufacturer of insulation material, based out of Pithampur in Madhya Pradesh has been able to achieve a savings of millions of Rupees by going solar. Having a massive power expenditure worth hundreds of lakhs of rupees every year, the business owners decided to go solar and become an independent power producer. With the help of a 897kWp Solar System, they are now saving approximately Rs 93 Lakhs on their power bills every year.

Solar plant in Madhya Pradesh

Can Your Business Unit in Madhya Pradesh Save Big with Solar too?

Similar to the above business, going solar can bring financial benefits for any business set up in Madhya Pradesh. Located in a geographically conducive environment, Madhya Pradesh, like many other states of India, receives ample sunlight throughout the year to fulfil the complete power requirement of your business.

Moreover, with a conducive solar policy of Madhya Pradesh which facilitates the functionality of net-metering, your business can not only reduce its power bills but also enhance its savings by selling the excess energy generated from its solar system to the local DISCOM. Not to mention the additional benefit of 40% Accelerated Depreciation which your business can avail by owning a solar system.

Check the Solar Potential of Your Business Unit in Madhya Pradesh

With the MYSUN Solar Calculator, estimating the solar potential is easy for any business across India. Designed with sophisticated algorithms considering the solar irradiance of every place in the country, the MYSUN Solar Calculator will help you pre-estimate the savings that your business will make on its monthly and yearly power bills after going solar.

For example, if your business is a commercial unit based out of Bhopal and consumes electricity worth an average of Rs 10 Lakhs a month, then going solar can help it reduce its electricity bill by almost 42%. That’s a savings of Rs 4.2 lakhs per month and a lifetime savings Rs 11.5 crores.

MYSUN solar calculator

Similarly, if your business is a textile industrial unit based out of Indore in Madhya Pradesh with an average monthly electricity bill of Rs 25 lakhs, it can save almost Rs 10.3 lakhs every month, and Rs 27.8 crores in 25 yrs.

Calculate Solar Potential of your Business

Solarize your Business today with Easy Financing Solutions today

With numerous solar financing options available from MYSUN, solarizing your business is more affordable than ever. Your business can either choose to pay the capital cost of the solar system upfront and thus get the best pricing or defer the cost in easy monthly instalments. Your business can also choose to go solar at the pay per unit model under a power purchase agreement. To know more about these options you can get in touch with MYSUN Solar Advisors by submitting your interest for solar financing here or read our blog on the topic - CAPEX vs MYSUN DPA vs PPA: How to Pick the Right Financing Model to Go Solar.

As evident in the above example of the MYSUN client in Pithampur, investing in solar has brought proven financial gains for the Manufacturing company. It has also brought in positive results for many other MYSUN clients across India. With the available financing options, favourable geographical conditions and solar policy of Madhya Pradesh, you have no reason to not solarize your business, be it is Bhopal, Indore, Ujjain, Gwalior, Jabalpur, Satna, Sagar or any other city of Madhya Pradesh.

Rooftop solar plant in Pithampur

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CAPEX vs MYSUN DPA vs PPA: How to Pick the Right Financing Model to Go Solar

Nikhil Gupta | 5th November 2020

Right Financing Model for solar

Going solar has proven to be a profitable investment decision for large corporates, SMEs and MSMEs across the globe. In fact, every single MYSUN customer is saving a fortune on power bills every year. During the current turbulent economic times, these savings are coming in very handy.

However, when it comes to going solar, one of the biggest challenges businesses face is the Capital cost of Solar Systems. To most businesses, paying the cost upfront puts stress on their working capital, and that deters them from completing their solar journey. However, with plenty of Financing Models available, going solar is extremely affordable.

With the help of this blog, we will help you understand the three solar financing/buying options that your business can opt for when going solar. We will also help you identify the best option for your business taking into consideration your unique requirements.

CAPEX - Pay the Capital Cost of Solar Upfront

The term CAPEX means Capital Expenditure. Under this model of going solar, you will pay the capital cost of the solar system upfront. This gives you the best deal as your business avoids paying any interest and in the long run, turns out to be the most profitable. The Levelized cost of electricity and the total cost of the solar system is the lowest under this model of going solar. This also gives your business the highest Return on Investment. If your business has a strong cash flow and a substantial balance, then the CAPEX model of going solar is the right option to opt.

MYSUN DPA - Defer the Cost of Solar in Easy Instalments

MYSUN DPA or Deferred Payment Agreement will allow your business to defer the Capital Cost of the solar system over a period of time. This gives flexibility to your business and allows it to pay for the solar system in easy instalments over a period of 3-5 years. With a minimum payment of 25~30%, your business can reap all the benefits of owning a solar system like reduced electricity expenditures and accelerated depreciation. Since the cost of the solar system in DPA is split over a few years, the monthly instalments under DPA attract a minimum interest rate. However, at MYSUN these instalments are designed to be less than or equal to the monthly savings on power bills that your business will make with solar. Therefore, in a way, your solar system will pay for itself. MYSUN DPA is a great option for your business if it is looking to go solar with a controlled cash outflow.

PPA(Power Purchase Agreement) - Pay Nothing for the Solar System

The PPA model of buying solar allows your business to go solar without buying the solar system. In this model, the solar system which is installed on the rooftop or the campus of your business is owned and managed by your solar installer or a third party company. Your business here is required to sign a Power Purchase Agreement(PPA) to buy the solar energy generated by the installed solar system at an agreed tariff. The benefit with this model is that the solar tariff for your business is fixed for a period of 15~25 years depending on the contract and your business is relieved from paying the capital cost and maintenance of the solar system. The Levelized cost of solar electricity, in this case, is however slightly more than CAPEX and DPA.

Identify your Best Solar Financing / Buying Option with MYSUN Solar Calculator

The MYSUN Solar Calculator, one of the most innovative and pioneering solar investment calculation tools, has helped millions of business owners in India evaluate their best solar buying/ financing option. All you need to do is submit your location, consumer category and average electricity bill amount.

For example, for an industrial setup in Jaipur, Rajasthan with Average monthly electricity bill of Rs 10 Lakhs, the 25 years Cash Outflow is highest in case of Grid Electricity, followed by PPA, DPA and CAPEX. This makes CAPEX the best deal with the highest savings for the industry.

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Similarly, the Levelized cost of electricity for the industry will be lowest in case it went solar under CAPEX, followed by DPA, PPA and then the Grid electricity.

Levelized cost of electricity for the industry

The total savings that the business will be generating after going solar under CAPEX will be Rs 18.3 Crores at an ROI of Rs 35.6%.

total savings with solar

Run the MYSUN Solar Calculator now.

Go Solar with your Best Solar Financing/ Buying Model today

With multiple solar financing and buying options available with MYSUN there is no reason for your business to not optimize its expenses. By reducing millions in power expenses your business will not only save big today but also open a source of accumulating capital for important business investments. Solarize your business today. Speak to MYSUN Solar Advisors on +91 8448380218 or write to them at [email protected] to get a free personalized solar buying assistance.

Transparent Solar Panels may soon become a reality

Nikhil Gupta | 15th September 2020

Transparent Solar Panels

Image Source: Bloomberg

Have you ever wondered a future where the source of power to all your electronic gadgets will be the glasses of the building that you reside in? Yes, while this sounds too futuristic to imagine, the world is already headed towards that direction. It may soon become the reality of our modern life and infrastructure.

The Innovative Transparent Solar Cell

The work on the development of transparent solar cell technology has been underway for quite a few years now. And as per the latest developments, a team of researchers from the University of Michigan has achieved a new record with relation to the efficiency of the colour neutral transparent solar cells. As per the recent media reports, the team has achieved 8.1% efficiency and 43.3% transparency with an organic or carbon-based design rather than conventional silicon. The university had created the first fully transparent solar concentrator in 2014.

How will this Transparent Solar Technology work?

The way this transparent solar cell technology works is that when they are placed between the panes of double-glazed windows, they generate energy from the solar rays which pass through them. Similarly, when placed in glass facades, these solar cells can help the buildings generate their own electricity.

Since the buildings with glass facades typically have a coating on them to reflect most of the light from the sun in order to reduce the brightness and heating inside the building, the transparent solar cells can use this unwanted heat and light to generate electricity and fulfill the power needs of the buildings.

One of the major challenges that the technology puts forward is maximizing the cell’s energy efficiency without compromising its transparency. But with time even this is being overcome with roughly 2-3% efficiency in the past to the record-breaking 8.1% efficiency today.

What are the Possible Applications of this technology?

The possible application of this technology can go beyond imagination. From the rooftops and windows of cars to the body of cell-phones, from skyscrapers to wristwatches and calculators, the technology when available in the market can be applied to numerous products we use in our day to day life.

MYSUN’s Take

We at MYSUN believe that solar energy is inevitably going to become the primary source of power for the entirety of human civilization. And it is innovations like these which reaffirm our belief. The transparent solar cell technology will not only make going solar aesthetically stand out but will solve a major challenge of availability of space which is mandatory in order to install solar panels today. We are hopeful of the further development of the technology and are sure more businesses and homeowners will adopt solar in the near future.

Gujarat Industrial Policy 2020 – Huge Incentives to MSMEs Going Solar

Nikhil Gupta | 2nd September 2020

Gujarat Industrial Policy 2020

Gujarat, one of the leading solar energy-rich states of India, recently released its new industrial policy. In the policy, the state has announced some major incentives for MSMEs looking to solar.

Having one of the most favourable solar policies in the country, Gujarat has already been ahead of most states when it comes to its installed solar capacity. Now with the introduction of these incentives, the state aims to increase its solar capacity further by making investing in solar more lucrative to the commercial and industrial power consumers. If you are a business leader of a Micro, Small and Medium Enterprise in Gujarat, then here are the benefits that you can avail under the state’s new industrial policy by going solar:

1. Increased compensation for the surplus solar power generated by solar systems owned by MSMEs

One of the things which makes going solar rewarding is the facility of net-metering. Net-metering allows solar system owners with grid-connected solar systems to transfer the excess power generated by their solar system to the grid. In return, the system owners avail compensation which increases their overall savings on power bills. As per the new policy, this compensation has been increased from INR 1.75/kWh to INR 2.25/kWh for MSMEs in Gujarat.

2. Interest Subsidy on Solar term loans

Installing a solar system requires a sizable investment. This makes it difficult for MSMEs, especially the ones with stretched balance sheets, to pay the cost of solar upfront. In such a scenario solar loans and financing options make the investment affordable. With this new industrial policy, Gujarat has made investing in solar more affordable for existing industries by promising interest subsidy on term loans for solar.

3. 35% Incentive on the Cost of Solar

In order to further motivate the MSMEs to switch to cleaner production technologies, the new industrial policy seeks to offer incentives on the cost of such technologies. Solar being one such technology will make MSMEs eligible to avail these incentives for going solar, which is 35% of the cost of solar. For large units, the incentive offered will be at 10% of the cost.

4. Assistance for turning polluting industries into green industrial estates

As per the new policy, the government of Gujarat will assist in setting up, relocating or retrofitting existing polluting industrial units into green industrial estates. The assistance will be up to 25% of the project cost up to 250 million rupees. This will be a big support to MSMEs and industries looking to go solar and transform into ecologically sustainable units.

MYSUN’s Take

This new industrial policy of Gujarat portrays the positive outlook of the policymakers towards the need of transforming industries into eco-friendly businesses. The financial support and incentives announced will help MSME’s go solar who otherwise would not be able to due to highly engaged working capital. The increase in solar tariff is a great move which will increase the financial benefits from solar for businesses. With such supportive measures in place, there is no reason to not go solar and avail the incredible benefits that come with it.

Safeguard Duty on Imported Solar Cells to get Extended for a Year

Nikhil Gupta | 28th July 2020

Safeguard Duty on Imported Solar Cells


The Director-General of Trade and Remedies (DGTR) has recommended extending the prevalent Safeguard duty on imported Solar cells for an additional one more year. The extension has been recommended with a revision in tariff at 14.90% for the first six months and then 14.50% for the subsequent six months. As in effect currently, the duty is charged at 15% for solar panels imported from China and Malaysia.

Background of the Safeguard Duty

On 30th July 2018, a 25% safeguard duty was imposed on all the solar cells and modules imported from China and Malaysia. The duty as per the schedule was revised at 15% for the year 2019~20. The imposition of the duty was backed with a need to protect the domestic industry as over 80% of the solar modules used in India were imported from these countries. The duty is slated to expire on 31st July 2020.

The Reason of Extension of the Duty

In a review conducted by the DGTR in March 2020, it was stated that while the duty has improved the position of the domestic industry in the last two years, there is still need for some support. And a one-year extension will be adequate for the same. The review was done following an application submitted by the Indian Solar Manufacturers Association (ISMA) seeking to extend by another four years.

Impact of the Duty on the Consumers and MYSUN’s take on it

The safeguard duty has always seemed to draw conflicting opinions. While it is implemented with the vision to sustain domestic players, it increases the cost of solar systems. This reduces the benefits to the end consumers. We hope that this extension in duty will bring good in the long run.