Ministry of New and Renewable Energy (MNRE) plans INR234.5 billion in financial support for Discoms to drive rooftop solar, The Indian government has taken remedial action on its solar import trouble at ports.
India has enough tempered solar glass capacity to cater for its own PV manufacturers despite the introduction of anti-dumping duties against certain glass imports from China, according to the Indian firm that originally petitioned for the trade measures.
India is now considering imposing safeguard duties on the import of solar cells and modules from China and certain other countries, while it continues contemplating imposing anti-dumping measures.
India’s Goods and Services Tax (GST) Bill was enforced on 1 July bringing in a 5% tax on solar PV modules, but there is still uncertainty around taxes on other solar equipment, according to consultancy firm Bridge to India.
UPDATED: India solar manufacturers have filed an anti-dumping petition with the Ministry of Trade and Commerce against Chinese solar cells and modules, according to a report from consultancy firm Mercom Capital Group, although no official notification has been released so far.
With stricter quality standards due to be brought in for Indian solar tenders, including inspections for modules, cells and wafers, energy and mines minister Piyush Goyal has warned the industry about failure to keep equipment quality high.
India will add 9,812MW of solar PV this year, according to the latest quarterly market update from Mercom Capital Group, which is significantly up from the 9,020MW that the consultancy previously forecast in January this year.
The price of Chinese module imports to India has dropped 8% over the last quarter and 29% year-on-year, according to new price indices calculated by consultancy firm Bridge to India.
Indian solar developers have been more aggressive than their international counterparts in solar tenders and their risk pricing appears to have been inadequate, according to a new report from consultancy firm Bridge to India.
