Dharmendra Kumar

Dharmendra Kumar

Dharmendra is an Analyst for the IHS Solar research group. His primary area of focus is the Indian PV market and the value chain from modules to EPC companies. Dharmendra closely follows PV project activity in India for the Solar Deal Tracker. He contributes with research and analysis to the global and regional reports for IHS Technology. Prior to joining Solar Energy research group, Dharmendra was an Analyst with IHS Janes & Fairplay (Defence & Maritime) teams. Dharmendra graduated from Bangalore University, India with an MSc. in Biological Sciences.


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India Utility-Scale Solar PV Report - 2017

This report takes a closer look at the drivers, opportunities, constraints and the competitive landscape of the Indian market for utility-scale PV plants.

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Power & Energy Technology
Delay in GST roll-out until September benefits module suppliers in the Indian PV market

The introduction of a comprehensive indirect tax regime under the Goods and Services Tax (GST) in India is likely to be delayed from April 2017 to the latest September 2017. Such a delay extends the window to install PV systems at lower tax rates, and will impact the quarterly distribution of India PV demand. In 2016, the government of India announced the introduction the GST in order to make India a common marketplace, with uniform taxes. This new tax regime will subsume all other indirect taxes that are currently applicable in India. A side effect of the GST introduction is that the tax exemptions for PV systems will end. As a result, the Ministry of New and Renewable Energy (MNRE) estimates that the total cost to install for grid-connected solar PV will increase by 12% to 16%. From 16 September 2017, all existing central and state indirect tax laws will void, as defined by the Indian constitution. This means GST must be implemented before the given date.

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Power & Energy Technology
Tata Power vies for India solar leadership

On 13 June 2016, Tata Power (part of Tata Group) signed an agreement with Welspun Group to acquire the subsidiary Welspun Renewables Energy Pvt Ltd including a 1.1 GW of wind and solar power projects in operation and under development. This deal has been estimated to be of $1.4 billion (INR 10,000 crore). IHS considers this to be one of the largest solar deals in India.

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Power & Energy Technology
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