Lok Sabha Question No. 3362 (UNSTARRED), answered on 2018-03-15
Subject: Foreign Investment in Solar Sector
Ministry: NEW AND RENEWABLE ENERGY
Asked by: SRIRAM MALYADRI

## GOVERNMENT OF INDIA MINISTRY OF NEW AND RENEWABLE ENERGY

## LOK SABHA UNSTARRED QUESTION NO-3362

TO BE ANSWERED ON-15.03.2018

## FOREIGN INVESTMENT IN SOLAR SECTOR

3362. SHRI MALYADRI SRIRAM

Will the Minister of NEW AND RENEWABLE ENERGY be pleased to state:-

- (a) whether solar energy plants have been/being set up with foreign investment in the country;
- (b)  if  so,  the  details  thereof  including  the  investment  made  by  the  foreign  companies  for  the purpose, country-wise;
- (c) whether the Government plans to allow firms to bid tariffs in dollar to encourage the foreign investment and if so, the details thereof; and
- (d) the other steps taken by the Government for encouraging the solar power generation in the country?

## ANSWER

THE MINISTER OF STATE FOR NEW & RENEWABLE ENERGY AND POWER (I/C) (SHRI R.K. SINGH)

- (a) and (b) Foreign Direct Investment up to 100 per cent is permissible through automatic route for promotion of solar power generation in the country. As per report from the Department of Industrial  Policy  and  Promotion,  the  country-wise  details  of  Foreign  Direct  Investment  (FDI) equity inflow during the period April, 2000 to December, 2017 received in 'Non-Conventional Energy' sector, which includes foreign investment in solar power are given in Annexure.
- (c) The Government of India has no plans to allow firms to bid tariffs in dollar.
- (d) The Government of India has launched several schemes for promotion of solar energy in the country.  In  addition,  the  Government  is  promoting  solar  power  development  by  providing various  fiscal  and  promotional  incentives  such  as  capital  subsidy,  accelerated  depreciation, waiver  of  Inter  State  Transmission  System  (ISTS)  charges  and  losses,  viability  gap  funding (VGF),  financing  solar  rooftop  systems  as  part  of  home  loan,  preferential  tariff  for  power generation  through  renewables,  and  permitting  Foreign  Direct  Investment  up  to  100  per  cent under the automatic route.

*****

## ANNEXURE ANNEXURE REFERRED TO IN REPLY TO PART (A) AND (B) OF LOK SABHA UNSTARRED QUESTION NO. 3362 FOR 15.03.2018 REGARDING. FOREIGN INVESTMENT IN SOLAR SECTOR

## COUNTRY-WISE FDI  EQUITY INFLOWS FROM APRIL, 2000 TO DECEMBER,2017

## SECTOR NON-CONVENTIONAL ENERGY

(Amount in US$ Million)

| S.No.   | Name of the Country     |   Amount of FDI Inflows Total |
|---------|-------------------------|-------------------------------|
| 1.      | Australia               |                         28.82 |
| 2.      | Austria                 |                          3.46 |
| 3.      | Bahamas                 |                          0.2  |
| 4.      | Bahrain                 |                         16.51 |
| 5.      | Belgium                 |                          0.03 |
| 6.      | Bulgaria                |                          0.25 |
| 7.      | Canada                  |                          0    |
| 8.      | Cayman Islands          |                          6.1  |
| 9.      | China                   |                         25.16 |
| 10.     | Cyprus                  |                         22.08 |
| 11.     | Denmark                 |                          2.16 |
| 12.     | Finland                 |                          0.34 |
| 13.     | France                  |                        142.7  |
| 14.     | Germany                 |                        101.4  |
| 15.     | Hongkong                |                         38.75 |
| 16.     | Indonesia               |                        430.62 |
| 17.     | Israel                  |                          0    |
| 18.     | Italy                   |                         15.57 |
| 19.     | Liechtenstein           |                          0.48 |
| 20.     | Japan                   |                        146.33 |
| 21.     | Korea (North)           |                         14.52 |
| 22.     | South Korea             |                         21.52 |
| 24.     | Malaysia                |                        312.72 |
| 25.     | Mauritius               |                       2467.19 |
| 26.     | NRI****                 |                          0.12 |
| 27.     | Netherlands             |                        570.45 |
| 28.     | Norway                  |                          0.21 |
| 29.     | Philippines             |                         44.73 |
| 30.     | Portugal                |                          0    |
| 31.     | Qatar                   |                          0.08 |
| 32.     | Russia                  |                          0.03 |
| 33.     | Saudi Arabia            |                          0.26 |
| 34.     | Singapore               |                        972.7  |
| 35.     | South Africa            |                          0.02 |
| 36.     | Spain                   |                        360.09 |
| 37.     | Sweden                  |                          0.25 |
| 38.     | Slovenia                |                          0.03 |
| 39.     | Switzerland             |                          0.73 |
| 40.     | Turkey                  |                          0    |
| 41.     | UAE                     |                         37.66 |
| 42.     | United Kingdom          |                        177.13 |
| 43.     | U.S.A                   |                        140.32 |
| 44.     | British Virginia        |                          1.02 |
| 45.     | Country Details Awaited |                          0.52 |
| 46.     | Malta                   |                          0    |
| 47.     | Georgia                 |                          0    |
| 48.     | Seychelles              |                         85.69 |
|         | Grand Total *           |                       6255.93 |

* Source: Inputs from Deptt. of Industrial Policy & Promotion