Solar boom in Australia’s Queensland region
The solar sector in Australia’s Queensland region is growing constantly. Projects with a total size of 4 GW are currently in the pipeline, and another 31 GW are awaiting financing.
The solar sector in Australia’s Queensland region is growing constantly. Projects with a total size of 4 GW are currently in the pipeline, and another 31 GW are awaiting financing.
As part of 37 utility-scale renewable energy projects in South Africa, various PPAs are still outstanding. These will be signed in October, the country’s Minister of Energy has now announced.
Colombia has established new green bonds with a total value of 67 million US dollars. These will be used by the Bank of Foreign Trade of Colombia to support projects that help reduce the negative impact of the country’s climate and work towards a greener energy future.
India’s Ministry of New and Renewable Energy wants to support domestic manufacturing of solar cells and modules. For this, a special program has been developed, the second phase of which has now commenced.
The solar industry is relieved by the recent likely decision of the GST council in India to levy only 5% tax on solar panels instead of 18% proposed earlier. This could mean only a marginal rise in solar power projects costs.
<< UPDATE: Meanwhile, the GST was lowered to 5% instead of 18%. >> The Indian government is planning on an 18% tax for solar cells and modules as part of the new Goods and Service Tax (GST) Bill. However, this number is considered bewildering by many and is highly discussed. The final tax might eventually be an entirely different one.
