Solar sector heats up with big-ticket Edelweiss deal
Edelweiss Group’s Edelweiss Infrastructure Yield Plus fund acquires 74% stake in solar portfolio of France’s Engie Group for a reported $500 million.
Edelweiss Group’s Edelweiss Infrastructure Yield Plus fund acquires 74% stake in solar portfolio of France’s Engie Group for a reported $500 million.
The government plans to levy a 25% tax in the first year, which will be lowered to 20% in the first half of next year and further slashed to 15% in the second half of the year.
Solar energy firms are in wait-and-watch mode; they are hoping to see a reversal in macro conditions that have slowed down the sector.
The first quarter of 2018 was the best performing quarter for solar installations in India with 3.3 GW of total installations, says Mercom India.
Piyush Goyal has set lofty solar power targets. But with tariffs on a downward trajectory and dynamics of the sector changing, he needs to tweak policy to address these changes.