Solar Tariffs May Increase to Rs2.60 per Unit Due to Hike in GST, Customs Duty: Report

Solar tariffs may rise to Rs2.6 to Rs2.7 per unit from an all-time low of Rs2 per unit over the next fiscal in the recent increase in the goods and services tax (GST) on renewable energy equipment and the proposed customs duty on imported solar modules. Further, increased project cost is putting more pressure for higher returns, says rating agency CRISIL.   The government of India has increas…