In a 6 Feb 2020 report to the PM, the MOIT shares views received
from the Ministry of Justice and Ministry of Finance on the
long-awaited new FIT regime for solar projects. Interestingly, a
new option has emerged: that FIT 2 could apply to all projects
approved in principle prior to 23 November 2019 and that reach COD
by 31 December 2020. While December 2020 is still very close and
thus a practical limit, this option is still markedly broader than
the MOIT's earlier proposal that only projects that had
commenced construction (
with very narrow criteria of what that means) prior to 23
November 2019 (and reach COD by 31 December 2020) should be
entitled to FIT 2.
If the PM accepts this new option it would significantly
increase the number of already-approved solar projects potentially
eligible for FIT 2. that would be welcome news for approx. 40
projects currently in FIT limbo.
