India is getting its solar fundamentals right but the policy is still a ‘work-in-progress’

BRIDGE TO INDIA | 03 February 2015

On Saturday (31st January 2015), the Minister for New and Renewable Energy, Piyush Goyal, called for a meeting with solar developers and manufacturers to discuss various aspects related to structuring of accelerated depreciation (AD) mechanism to ensure a level playing field for developers. The minister announced that the government is considering proposals to provide interest rate subvention for developers who don’t claim AD.  Separately, there is a proposal to consider how private developers can raise capital through green bonds. But it appears that the


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