Indian court to hear Vikram Solar’s safeguard duty petition next week
The Government of India will also consider changes to the 25% safeguard duty imposed on solar cell imports from China and Malaysia only after the next hearing in the Odisha High Court, which stayed the levy.
India: Acme Solar to quit projects if safeguard duty not passed on to utilities
As of July, Acme Solar had about 2.8 GW solar projects at different stages of development across India. Recently, it won another 600 MW of SECI’s 3 GW interstate transmission system (ISTS) tender, at a tariff of INR 2.44/unit (USD 0.036/unit).
Hong Kong kicks off solar FIT scheme
China’s autonomous province, Hong Kong has officially opened up its feed-in tariff (FIT) policy scheme for solar PV systems.
PV demand, changing auctions and price declines – GTM lays out its latest predictions
An uptick in global PV demand will occur in 2020, with China’s 30.5 policy directly affecting 2018’s results by around 18%, says GTM Research. Rapidly falling module prices will benefit predominantly Asian markets, where modules comprise the lion’s share of capex, although regions like Europe will see increased installations. Laying out 10 PV predictions, it anticipates, among others, intensified competition, lower bid prices, more technology neutral auctions and an increasing amount of subsidy free solar.
India well on track for 100 GW target, claims minister
The Minister for New and Renewable Energy has waved aside complaints about safeguarding duties by telling India’s upper house the nation’s ambitious four-year solar target is ‘comfortably’ within reach.
Daqo New Energy maintains production amid falling prices
Chinese polysilicon producer Daqo New Energy says it maintained full production capacity in June, and reiterated its full year production guidance of 22,000-23,000 MT. The company’s Q2 financials show, however, sales volume and profits fell over the previous quarter, thanks to loss of demand in China.
Trump confirms additional 25% tariffs on Chinese cells and modules
While the duties make importing solar from China even more impractical, they are unlikely to have a significant impact on trade flows or on the U.S. market, with Chinese manufacturers outsourcing operations overseas.
Taiwan’s Neo Solar Power narrows loss ahead of merger
Taiwanese cell producer, Neo Solar Power has posted a net loss of NT$390 million (US$12.75 million) for the second quarter of 2018. Though indicative of the difficult times currently facing Taiwan’s cell manufacturers, the figures represent a 39.3% reduction compared with the previous quarter’s loss.
SECI launches 750 MW Rajasthan tender
With a maximum fixed tariff of $0.0427/kWh under a 25-year PPA, the total capacity available is made up of 10 MW multiples and could potentially all go to one bidder.
Beijing about-turn influenced collapse of polysilicon deal
Shanghai Electric says the Chinese government’s abrupt decision to rein in solar was a significant factor in the collapse of its planned $3.64 billion acquisition of a controlling stake in the world’s biggest poly maker.
