Vietnam

Safeguard duty on solar cell imports extended by a year

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.

MNRE puts call for ‘global supergrid’ proposals on hold

India’s Ministry of New and Renewable Energy had invited consulting proposals for its ambitious globally interconnected power grid plan called ‘one sun, one world, one grid’ (OSOWOG). The program—taken up with assistance from the World Bank— aims at seamless sharing of renewable energy resources among countries for mutual benefits and global sustainability.

Singapore’s Cleantech Solar secures US$75 million green loan from ING Bank

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.

MNRE seeks consultants for the global supergrid plan

July 6 is the last date to submit proposals for the ambitious ‘one sun, one world, one grid’ plan that aims at seamless sharing of renewable energy resources among countries for mutual benefits and global sustainability. The program has been taken up by the Ministry with assistance from the World Bank.

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India’s solar module imports from Thailand double in 9 months

While China continues to be the top solar module exporter to India, Thailand doubled its module exports to India from $55.05 million in 2018-19 to $110.39 million during the first nine months (April-December) of the current fiscal. Vietnam’s module exports to India also rose sharply from $91.97 million to $127.21 million.

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India’s lithium-ion battery imports increase fourfold in two years

China, Hong Kong and Vietnam are the top three nations exporting batteries to India. Chinese imports were worth $773 million in the last fiscal year with Hong Kong shipping $267 million worth and Vietnam $114 million, according to the Ministry of Commerce.

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India’s solar cell and module exports grow 157% in eight months

Following a dip in the last fiscal year, the value of cell exports saw a massive surge to an estimated Rs133,000 lakh from April to November. Exports to the U.S. tripled during the eight-month period as shipments to Turkey and Belgium rebounded to become the next two biggest export markets.

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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.

“Let’s compete on quality and innovation”: Vikram Solar CFO

With India losing major solar markets to stiffer competition from cheaper products, it’s high time to change the game by playing on quality and innovation—according to Vikram Solar Chief Financial Officer Rajendra Kumar Parakh, who spoke to pv magazine on the challenge of shrinking markets before Indian solar 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.

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