Mitesh Patel, Renewables Director-Asia, US-headquartered EPC player Black & Veatch, speaks to pv magazine about the key trends driving the solar market, especially in Southeast Asia, and strategies to improve the bankability of PV projects.
The import duty will be levied on Chinese, Vietnamese and Thai solar cells – whether assembled into modules or not – at 14.9% from today and falling to 14.5% in six months’ time. Malaysian products are exempted as their imports have fallen dramatically since the duty was imposed, in July 2018.
The investigating arm of India’s commerce ministry has proposed continuing to apply the duty levied on solar cell imports from the east at a rate of 14.9% from July 30 and falling to 14.5% six months later.
The Directorate-General of Trade Remedies has called a meeting of concerned parties as it considers whether to extend the duty on solar cells.
The commercial and industrial solar developer, which commands a significant share in the Indian market, will use the amount to fund rooftop PV installations for corporates across Southeast Asia.
The Directorate General of Trade Remedies (DGTR) has granted an extension till May 11 for the solar manufacturers and importers to file their responses as it probes the need for continuing with the imposition of safeguard duty on solar cells, whether or not assembled into modules.
Yinson will pay Rs 554 million (RM32 million) for the stake, and additional funding of Rs 600 million (RM35 million) to repay certain outstanding liabilities of the Indian independent power producer which has two plants in the massive Bhadla Solar Park.
Solar cells and modules will continue to attract zero basic customs duty unless exemption notification 24/2005, dated March 1, 2005 is amended to reflect the 20% increase by Ministry of Finance, said the lobby group.
Integrated power infrastructure offers an emerging investment opportunity in Asia as the region expands and adapts its energy mix to address sustainability and resilience goals. Narsingh Chaudhary and Mitesh Patel, of engineering, procurement and construction business Black & Veatch, tell pv magazine more.
The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition.
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