Memorandum on VAT abolition for Renewable Energy devices
There are a large number of areas in the State of Karnataka that are either unelectrified or receive unreliable electricity supply. Decentralized renewable energy systems are ideal means of providing reliable, clean energy access to communities in these areas. In the recent past, State and Central Governments have initiated a number of measures to improve energy access at the local level. However, as of today, Renewable Energy devices and spare parts in the State of Karnataka attract 5.5% VAT....
With more than a billion people lacking access to electricity, local power-generation solutions are essential to provide sustainable energy to all - particularly those consumers expected to remain isolated from national or regional grids for the foreseeable future....
This brief is an output of the cooperation agreement between the European Business and Technology Centre (EBTC) and the Alliance for Rural Electrification (ARE) - a cooperation which aims to facilitate rural electrification competence and technology transfer from Europe to India. This document gives readers a brief overview of the potential of decentralised renewable energy generation in India with a view to stimulate private sector involvement in this sector. While the scope of this study is limited to micro-grids that can distribute locally produced electricity from solar, small wind and small hydro plants, core messages expressed may apply to renewable energy solutions of larger sizes too. This study does not cover off-grid solar based products such as solarappliances, solar water pumps and biomass based solutions....
Unlocking Access to Finance for Decentralised Energy Solution
The challenge: Implement interventions to alleviate barriers to enterprise and end-user financing to promote wider implementation of decentralised renewable energy access solutions in India....
