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.
The Malaysian oil and gas group has purchased solar developer Amplus Energy Solutions from infrastructure investor I Squared Capital. No financial terms of the deal have been disclosed.
The Directorate General of Foreign Trade (DGTR) has concluded that the imposition of a duty, in the range of $537-1,559/metric ton, is required to offset the injury caused by imports of solar ethylene vinyl acetate (EVA) sheets from China, Malaysia, Saudi Arabia and Thailand. The harshest penalty—$1,559/metric ton (MT)—has been imposed on sheets supplied from any Saudi manufacturer other than Saudi Specialized Products.
A flying start to the year saw huge volumes of solar cells and modules imported to India but the scale and value of such products fell over the remainder of 2018 and export figures mirrored that trend.
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