India’s Directorate General of Foreign Trade (DGTR) has concluded that duties ranging from $537 to $1,559/metric ton will be needed to offset the impact of imports of solar ethylene vinyl acetate (EVA) sheets from China, Malaysia, Saudi Arabia and Thailand. The harshest duty — $1,559/metric ton (MT) — has been imposed on sheets supplied by all Saudi manufacturers other than Saudi Specialized Products.
Reports emphasize the likelihood of India remaining a world leader for solar but warn of missed targets for PV overall and rooftop in particular.
The Indian Cabinet Committee on Economic Affairs has approved a plan for projects to be enabled by public bodies in the hope that avoiding competitive procurement will enable it to circumvent WTO rules related to import parity.
Following power company NTPC’s 20 MW tender for Rajasthan and 15 MW procurement for Himachal Pradesh, Haryana Power Generation Corporation Limited has invited bids to develop 10 MW of floating PV in Hisar. The deadline for bid submission is on March 1.
The state government has unveiled its new solar energy policy. The ambition would encompass projects, programs and installations relating to solar PV and thermal energy, and is aimed at utilities as well as energy consumers.
India’s Solar Energy Corporation of India has invited solar power developers to construct 7.5 GW grid connected projects in Leh and Kargil Districts in the state of Jammu & Kashmir under a competitive bidding process. Bid submission deadline is April 30. Tenders will be opened on the same day. The date of reverse auction will be advised at a later date.
The state’s second attempt to tender for 500 MW of capacity has made a mockery of predictions of rising PV electricity prices and exonerated utility for cancelling previous procurement round. But the absence of India’s cheapest solar energy generator from the latest exercise could be telling.
Hyderabad-based renewable energy major, Greenko Group has abandoned plans to buy AT Capital-backed Orange Renewable.
The two-year period of the recommended safeguard duty is very short, discouraging any investment in setting up new solar manufacturing capacity, say analysts and companies pv magazine spoke to. At the same time, for solar project developers, the duty will impact tariffs to the tune of 12-15%, posing an immediate threat to viability of projects under execution, they add.
Dr Rashi Gupta, Director at Vision Mechatronics discusses the EV landscape in India, particularly focusing on the potential for battery manufacturing. While there are currently many challenges, like a lack of raw materials and infrastructure, the opportunities are immense.
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