South Korea

Distributed storage market to grow nearly twentyfold by 2028

Market intelligence company Navigant Research has developed a country forecast of the global market. Incentives and pricing will be the main driver of installations, though the market will continue to be concentrated in certain key regions, including India, for now.

AC Energy and UPC Solar form new JV for Asia Pacific

The joint venture company targets the construction of over 1 GW portfolio in the next few years, with an initial focus on India, South Korea and Taiwan.

2

Aligning infrastructure to accelerate Asia’s energy transition – Black & Veatch interview

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.

2

Energy storage installations to grow 122-fold by 2040; India among top 3

The global installed capacity will grow from a modest 9 GW/17 GWh as of 2018 to 1,095 GW/2,850 GWh in the next two decades. Just 10 countries will account for almost 75% of the overall gigawatt market, with China, USA, India and Germany leading the pack.

4

India’s renewable power generation cost the lowest in Asia Pacific

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.

3

Anti-dumping duty on coated steel will raise solar project costs by 2-4%: Care Ratings

India’s Directorate General of Trade Remedies (DGTR) has determined that flat steel products coated with aluminium and zinc are being dumped by manufacturers in China at dumping margins of 30-50%, South Korea (20-30%) and Vietnam (10-20%). It has proposed anti-dumping duty based on the same to offset material injury to domestic manufacturers.

‘Anti-dumping duty on coated steel will impede solar growth’

Citing the risk to solar projects, lobby group the National Solar Energy Federation Of India has asked the Ministry of New and Renewable Energy to exclude flat steel products coated with alloy of aluminum and zinc from anti-dumping duty.

1

DGTR investigates claim of dumped coated steel products from China, Korea and Vietnam

In the latest tariff spat to afflict the solar world, the Directorate General of Trade Remedies will investigate a claim steel products coated with aluminum and zinc are being dumped by Far Eastern manufacturers.

India slaps anti-dumping duty on solar EVA sheets

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.

Solar EVA sheets attract AD duty for five years

Following a petition by domestic manufacturers seeking legal protection under anti-dumping laws, the Directorate General of Trade Remedies has recommended the imposition of duties ranging from $537-1,559/metric ton on solar ethylene vinyl acetate sheets imported from China, Malaysia, Saudi Arabia and Thailand.

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