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Sunshine Blues

  • Date : 17/07/2018
  • Source : Fortune | India

Andrew hines, Co-founder of CleanMax Solar, says that if the quantum of duty is moderate and leads to a 5% to 10% increase in the project cost, power purchasers would still be interested in buying solar energy as it would be cheaper than gridconnected thermal power. But if the duty was in the range of 70%, as contemplated earlier, a pass-through of the increased cost would make solar energy unattractive. More than the quantum, the issue with duties is the uncertainty around them.