‘Solar duty may do more harm than good’

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Safeguard duty on solar panels from China, Malaysia not only offers little to domestic makers, but may also hurt existing projects While the government’s decision to impose a safeguard duty on the import of solar cells from China and Malaysia could benefit domestic manufacturers, it will do a lot of damage to existing solar projects that have already factored in the cheaper imports into their pricing, according to industry players and analysts. The government implemented a 25% safeguard duty on solar cell imports from China and Malaysia for the period between July 30, 2018 and July 29, 2019. Thereafter, the duty is to decrease to 20% for the six months following that period, and further to 15% in the subsequent six months. “The import duty prima facie has been placed in order to encourage local solar panel manufacturers in the country in […]

Centre imposes 25% safeguard duty on import of solar cells

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Reverse effect:The move could affect existing projects dependent on cheap imports, say analysts New tariff applicable to shipments from China, Malaysia; effective till July 29, 2019 The Centre on Monday issued a notification putting into effect a safeguard duty of 25% on import of solar cells from China and Malaysia between July 30, 2018, and July 29, 2019. The duty reduces to 20% for six months from July 30, 2019, and further to 15% in the subsequent half year. The decision by the government follows a long deliberation by the Directorate General of Trade Remedies, which recommended the safeguard duty structure after considering an application by Indian solar cell manufacturers. The subsequent 20% duty on “solar cells whether or not assembled in modules or panels” will apply on imports from China and Malaysia during the period July 30, 2019, to […]

Karnataka Now Produces More Renewable Energy than Netherlands and Denmark

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The state has left Tamil Nadu behind to become India’s biggest producer of renewable energy with an installed capacity of 12.3 GW, which is much more than what European countries like Netherlands and Denmark produce. Karnataka, we hope you would be proud of yourself when we tell you that you’re now a renewable energy leader. So much so that it is single-handedly producing more renewable energy than even European countries like the Netherlands and Denmark which produces around 7.7 GW of renewable energy. In the last 12 months, the state has left Tamil Nadu behind to become India’s biggest producer of renewable energy with an installed capacity of 12.3 GW (GigaWatts). It includes 5 GW of solar energy, 4.7 GW of wind energy, and approximately 2.6 GW of hydro, biomass, and heat and power co-generation.   Back in 2013, however, […]

India lost 2 lakh jobs due to dumping of Chinese solar panels: Parliament Panel

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India was one of the major exporters of solar products between 2006-2011 before China started dumping their products at the cost of Indian manufacturers. Dumping of Chinese solar panels in India, once a major exporter of the product, is estimated to have cost 2 lakh jobs, a parliamentary panel said and asked the commerce department to properly implement its probing arm DGAD’s suggestions on cheap imports from China. Expressing shock at the job loss estimates it quoted, the panel strongly recommended resolution of problem of poor implementation of the findings of the Directorate General of Antidumping and Allied Duties on dumping of Chinese goods as also subsidies they get. These observations have been made by Parliament Standing Committee on Commerce in its report on impact of Chinese goods on Indian industry. It is disheartening to note that India was one of the major exporters […]

Karnataka pips T.N. to become top State in renewable energy

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Lack of transmission network infrastructure and policies such as repealing the zero wheeling charge order are threats to solar energy in Karnataka, according to a report. The State reached 12.3 GW of total installed capacity as of March 2018 With 27% of its power generation coming from renewable energy, Karnataka has emerged the leading State for renewable energy in India this year, pipping Tamil Nadu. According to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA), the State reached 12.3 gigawatts (GW) of total installed capacity as of March 2018, having added 5 GW in 2017-18 alone. “Karnataka had been building its wind energy capacity steadily over 10 years, but it moved ahead of Tamil Nadu due to a rapid scaling up of solar capacity in 2017-18, when it installed more than 4 GW of new photovoltaic generation. Currently, it […]

Karnataka takes lead in renewable energy, says IEEFA

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Karnataka is the new national leader in renewable energy generation, US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday. It has overtaken Tamil Nadu that had long been India’s top renewables market. With a population of more than 60 million, Karnataka has a total of 12.3 gigawatts (GW) of renewable capacity installed till March, after having added five GW in 2017-18 alone, it said. IEEFA’s report “Karnataka’s Electricity Sector Transformation”, talks about a trend driven by state and national energy policies that have encouraged less reliance on imported energy and how declining costs have helped build momentum around the uptake of renewables, especially solar. “Tamil Nadu until this year was the frontrunner in the race to renewables and still leads in wind energy capacity,” IEEFA’s Director of Energy Finance Studies Tim Buckley told IANS. The report notes […]

‘Solar import duty to drive costs, local firms may not gain’

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Projects based on imports to turn costlier, say analysts The Directorate General of Trade Remedies’ recommendation on Monday to impose a 25% safeguard duty on solarcomponent imports is a double-edged sword, according to analysts, as it will spur domestic manufacturers of these components, but will also raise costs for projects planned on cheaper, imported components, by about 15-20%. The DGTR, after hearing an application from the Indian Solar Manufacturers Association, recommended a safeguard duty on solar component imports from China and Malaysia of 25% for the first year, 20% for the first half of the second year, and 15% for the last six months of the second year. ‘Boon, and bane’ “The safeguard duty recommended by the DGTR on solar modules is both a boon and a bane for the solar value chain,” Crisil said in a report. “Currently, 85-90% of […]

India to annually auction 40 GW renewables till 2028

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Solar would account for 30 GW of the target, says Secretary India will auction 40 GW of renewable energy projects comprising 30 GW solar and 10 GW wind every year for the next 10 years till 2028, indicating huge potential for domestic manufacturers and developers, a senior official said on Saturday. “We have 30 GW solar energy bidding plan for 2018-19 and 2019-20. This 30 GW auction per annum would continue till 2028. Similarly, we have to auction 10 GW of wind energy for next 10 years till 2028 to meet the power demand of 862 GW by 2030,” New and Renewable Energy Secretary Anand Kumar told reporters at the Global Wind Day celebration by the Indian Wind Turbine Manufacturers Association. He added, “We have to do 350 GW in solar [to meet demand by 2030], of which 100 GW […]

State wise Solar Installed Capacity

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Sl. No. States Installed Capacity(MW) 1 Andhra Pradesh 23.15 2 Arunachal Pradesh 0.025 3 Chhattisgarh 4 4 Delhi 2.525 5 Goa & UT 1.685 6 Gujarat 824.09 7 Haryana 7.8 8 Jharkhand 16 9 Karnataka 14 10 Kerela 0.025 11 Madhya Pradesh 11.75 12 Maharashtra 34.5 13 Odisha 13 14 Punjab 9.325 15 Rajasthan 442.25 16 Tamil Nadu 17.055 17 Uttarakhand 5.05 18 UttarPradesh 12.375 19 West Bangal 2 Total 1440.605 Note : The data is complied on the basis of information obtained from IRDEA, NVVN, State Agencies and Project Developers   Projects Capacity (MW) Projects Under JNNSM 421.9 Projects Under the State Policy 824.09 Projects Under RPSSGY/GBI Scheme 91.8 Projects Under REC Scheme 23.905 Other projects 78.91 Total 1440.605 Source : mnre.gov.in   Karnataka Sr. No. Name of the Company Capacity (MW) Technology Scheme 1 Karnataka Power Corporation Limited 5 […]

TPG Growth’s Rise Fund invests $70 mn in Fourth Partner Energy

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Fourth Partner Energy will use the funding to accelerate its growth through the RESCO (renewable energy service company) model Fourth Partner Energy is keen to expand operations in Asia and Africa. Fourth Partner Energy, a distributed solar solutions provider, on Friday announced a $70 million investment from The Rise Fund, a global impact investment fund managed by TPG Growth. Founded in 2010 by Vivek Subramanian, Saif Dhorajiwala and Vikas Saluguti, Fourth Partner Energy is a distributed energy management company with in-house capabilities across design, engineering, construction, service, monitoring and financing. With the fund-raise, the company plans to accelerate its growth through the RESCO (renewable energy service company) model across industrial and commercial, corporate and public sector clients. The company is also looking to expand its operations to other geographies including South-East Asia, West Asia and Africa. “We believe that The […]