The bill will now be reconciled with the House version, which does not contain the BEAT provision. SEIA says that it has four Senators who support “fixes”, but was not able to get a modification to the Senate bill.
Renewable energy trade organizations in the U.S. are scrambling to stop the BEAT provision as the Senate’s tax bill hurtles towards a vote.
The threat of India’s government imposing anti-dumping duties (ADD) against solar cells and modules from China, Taiwan and Malaysia is very real, and runs counter to its own ambitions of hitting 100 GW of solar by 2022. Or does it? Could duties help to boost India’s solar industry in other ways? And does the ongoing political uncertainty create opportunity or trepidation for industry?
Intellectual Property claim filed by U.S. firm Solaria against GCL-Solar in September 2016 has been resolved on mutually agreeable terms, GCL-Poly said. Exact details of the settlement were not disclosed.
Indian renewable analyst firm notes that anti-dumping comes at inopportune time with the industry already reeling from a slowdown in new project procurement, extra costs due to GST, import duties and increased module prices. It is expected to come by October 2018 and may affect all stakeholders and projects in the pipeline as well as those awaiting auction.
In its annual flagship report, the International Energy Agency (IEA) highlights that fast-declining costs will turn solar into the cheapest source of new energy generation over the next 25 year.
Meeting in Bonn should create an ‘operating manual’ for implementing the actions agreed upon at COP21 in Paris in 2015, says the UN.
The tax reform bill introduced in the House of Representatives will make only minor changes to the Investment Tax Credit, however changes to corporate taxes remain a wild card.
Equipment manufacturer Meyer Burger plans to end production at its headquarters site in Thun, Switzerland, as part of an updated cost efficiency program. All production activities in Thun will be discontinued by the end of 2018, though the site will continue to serve as Meyer Burger’s headquarters.
The European Council’s response to proposed European Commission reforms suggests that rules supportive of virtual net metering could be scrapped after pressure from Germany.