India’s Ministry of Finance has imposed an antidumping duty on solar glass imports from China in the range of $673 to $677 per metric ton and for imports from Vietnam at $565 per metric ton.
The nation can potentially replace Southeast Asia countries as a top solar PV product exporter to the US, according to a joint report by IEEFA and JMK Research.
India’s Directorate General of Trade Remedies (DGTR) has recommended an anti-dumping duty on solar glass imports from China and Vietnam after its investigation concluded that imports from these countries are undercutting the prices of the domestic industry. The landed value of the imports is below the selling price as well as the cost of the domestic industry.
India’s solar panel imports in the April-Sept. period of FY 2024 surpassed the value of panels imported in the twelve months of FY 2023. Cell imports have also increased considerably year-on-year, with H1 FY 2024 value touching $1,005.07 million.
A Wood Mackenzie report forecasts China will dominate solar manufacturing through 2026, holding more than 80% of poly, wafer, cell and module manufacturing capacity for the next three years.
The new manufacturing facility is located in Thai Binh and will produce modules mainly for the US market. It currently has a capacity of 500 MW and is expected to reach 3 GW within 12 months
New PV capacity additions in Southeast Asia are expected to bounce back this year for the first time since 2020, according to the Asian Photovoltaic Industry Association. The market is expected to grow by 13% in 2023, for 3.8 GW of new installations.
India’s Directorate General of Trade Remedies, an entity under the Ministry of Commerce and Industry, has terminated an anti-dumping probe into solar cells coming from China, Thailand, and Vietnam as domestic manufacturers withdraw the application.
Cleantech Solar has over 600 MWp of solar portfolio across India and Southeast Asia and aims to achieve a cumulative generation capacity of 3 GW over the next five years.
‘One Sun One World One Grid’ is a global supergrid project proposed by India for seamless sharing of renewable energy resources among countries. The inception workshop was attended by more than 160 experts and discussed the roadmap of the project.
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