Projects can maintain tax credit eligibility if 5% of total capital expenditure is incurred before legislative changes take effect.
Waaree Solar Americas, an arm of Waaree Energies, has secured an order to supply 586 MW of solar modules for an amount of $176 million.
A letter from the American Alliance for Solar Manufacturing says the US Trade Commission must act quickly to ensure tariff rulings are in place before a temporary gap creates an opportunity for solar components to be imported duty-free.
The company expands operations in India with a new office and R&D facility to address rapid solar growth in the market.
The U.S. International Trade Commission has activated steep duties to offset what it deems improper trade practices supporting U.S. solar imports from Cambodia, Malaysia, Thailand and Vietnam.
The Solar Energy Industries Association provided analysis of the devastating impact the changes to energy tax credits will have on jobs, manufacturing and the ability to meet the country’s rapidly growing energy demand.
The latest announcement follows parent company Waaree Energies’s commitment of up to $1 billion to the U.S. solar ecosystem, bringing Waaree’s total planned investment in the USA to $1.2 billion by 2028.
US officials are reassessing the risks posed by Chinese-made devices in renewable energy infrastructure according to news agency. Reuters cites two unnamed sources, who would only provide a few details.
Although the suspension of the 24% tariff under Section 301 sends a signal of easing, the retention of the full 10% under Section 201 and the average 83% anti-dumping/countervailing duties means that Chinese solar PV exports to the US still face a combined tax rate of nearly 200%.
SEG Solar, a US-based PV module manufacturer, has commissioned a solar cell factory in Indonesia and produced its first n-type cell at the facility.
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