Saint-Gobain inks 33-MW hybrid power off-take deal for Indian ops
May 18, 2022 9:01 CESTApril 21 (Renewables Now) - The Indian government has issued a blanket extension to the commissioning deadlines of all renewable energy projects under construction in the country due to the COVID-19 lockdown measures.
All projects under implementation across India will be granted time extensions equal to the total period of the lockdown plus an additional 30 days “for normalisation.” Developers will not be required to provide any evidence or documentation proving the delay in the completion of their projects, the Ministry of New and Renewable Energy (MNRE) said on Monday.
India is in the midst of a nationwide block, which started on March 24 and all businesses were shut, except for those providing essential products and services. According to MNRE's statement, the lockdown period will be considered as a force majeure event and developers will not be penalised for the delays.
The latest decision comes after renewable industry players urged the government for a six-month blanket extension to cope with disruptions across the supply chain that are hampering their projects. The energy ministry noted, however, that extensions based on disruptions before the lockdown protocol would be dealt on a case-to-case basis and their outcome would depend on the supporting evidence.
Saint-Gobain inks 33-MW hybrid power off-take deal for Indian ops
May 18, 2022 9:01 CESTIndia's Greenko pours 1st concrete for 5 GW renewables storage project
May 17, 2022 16:36 CESTTotalEnergies to install rooftop solar array at Yanmar engine factory in India
May 17, 2022 13:23 CESTAbu Dhabi's IHC concludes USD-2bn investment in Adani cos
May 17, 2022 13:18 CESTIndia's NTPC completes 20 MW of solar capacity in Gujarat
May 16, 2022 14:58 CESTWeekly renewables M&A round-up (May 9-13)
May 13, 2022 16:58 CEST