Govt mulls 20% customs duty on solar power equipment to cut imports: Thakur
4 years, 5 months ago

Govt mulls 20% customs duty on solar power equipment to cut imports: Thakur

Live Mint  

The government is considering a proposal by the Ministry of New and Renewable Energy to impose 20% basic customs duty on solar modules to provide an edge to domestic manufacturers and discourage imports, particularly from China, Minister of State for Finance Anurag Thakur said on Thursday. India imported solar power equipment worth USD 1.2 billion during April-December 2019, he said. "MNRE has decided to provide custom and excise duty benefits to the solar rooftop sector, which will lower the cost of setting up as well as generate power, thus boosting growth," Thakur said. For setting up hubs for manufacturing renewable energy equipment to meet domestic demand and reduce the imports of solar cells and other components, MNRE had written to all the states in April to identify land parcels of 50 to 500 acres, he said.

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History of this topic

Solar firms eye options in emerging markets
4 days, 20 hours ago

Solar firms eye options in emerging markets

China Daily  

An employee works at a solar panel production facility in Baotou, Inner Mongolia autonomous region, in May. LI ZHIPENG/XINHUA Chinese solar companies are turning their attention to emerging markets in Indonesia and the Middle East as the United States intensifies trade restrictions on imported photovoltaic products from various regions, analysts said. In early December, the US made a preliminary decision …

India scraps duty-free import scheme for solar power equipment
1 week ago

India scraps duty-free import scheme for solar power equipment

Live Mint  

India has scrapped a policy allowing duty-free imports of equipment for solar power generation owing to concerns over revenue losses In an order effective 17 December, the Central Board of Indirect Taxes and Customs has prohibited the use of customs-bonded warehouses for activities related to solar power generation. “However, allowing power generation within warehouses could lead to indefinite deferment of …

US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products
1 week, 5 days ago

US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products

Associated Press  

BANGKOK — The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses. The notice from the U.S. Trade Representative’s office said tariffs on Chinese-made solar wafers and polysilicon will rise to 50% and duties on certain tungsten products will increase to 25%, effective on Jan. 1, following …

New solar tariffs to affect US companies
Trending News
2 weeks ago

New solar tariffs to affect US companies

China Daily  

Aerial view of an integrated power generation plant constructed by Shanghai Electric in Dubai, the United Arab Emirates, in September. The United States' preliminary decision to impose anti-dumping tariffs of up to 271 percent on solar products from four Southeast Asian countries could significantly raise procurement costs for US companies and squeeze profit margins for its downstream businesses, aside from …

New solar tariffs to affect US companies
Trending News
2 weeks ago

New solar tariffs to affect US companies

China Daily  

By LIU YUKUN | China Daily | Updated: 2024-12-10 09:33 Aerial view of an integrated power generation plant constructed by Shanghai Electric in Dubai, the United Arab Emirates, in September. The United States' preliminary decision to impose anti-dumping tariffs of up to 271 percent on solar products from four Southeast Asian countries could significantly raise procurement costs for US companies …

Tycoon drives India’s push against China’s solar-energy dominance
1 month, 2 weeks ago

Tycoon drives India’s push against China’s solar-energy dominance

Live Mint  

AHMEDABAD, India—Gautam Adani, the billionaire founder of one of India’s biggest business conglomerates, lies at the intersection of the country’s clean energy challenge to China. Adani Enterprises, the group’s flagship firm, started manufacturing the wafers and ingots used for making solar-power cells and panels earlier this year, making it India’s first company to do so. But safeguarding the energy supply …

Indian Solar Manufacturers Reap Big from US Tariffs on Chinese Panels
1 month, 3 weeks ago

Indian Solar Manufacturers Reap Big from US Tariffs on Chinese Panels

Firstpost  

Indian companies are benefiting from the US tariffs on Chinese solar panels due to the high duty rates imposed on imports. This has opened doors for Indian manufacturers to invest in the US market and take advantage of the lucrative opportunities available. As a result, India can become a major player in the green tech supply chain, filling the gap …

India's Solar Imports to Soar to $30B by 2030
2 months ago

India's Solar Imports to Soar to $30B by 2030

Deccan Chronicle  

India's solar imports could surge to $30B by 2030 due to the country's reliance on imports. The country installed 15 GW of solar capacity in FY 2024, raising the total capacity to 90.8 GW by September 2024. However, to meet its 2030 goal of 500 GW in renewable energy, India needs to add 65-70 GW each year. India needs to …

India’s coal imports rise to 90.5 MT amid surge in power demand
2 months, 4 weeks ago

India’s coal imports rise to 90.5 MT amid surge in power demand

Live Mint  

New Delhi: India's coal imports during the April-July period of the current fiscal increased 0.9% to reach 90.51 million tonnes compared with 89.68mt in same period last fiscal, the coal ministry said on Wednesday. "This decline underscores India’s steadfast commitment to achieving self-sufficiency in coal production and reducing reliance on imports," it said, adding that coal imports by the non-regulated …

Impact of US tariffs on solar firms seen limited
3 months ago

Impact of US tariffs on solar firms seen limited

China Daily  

Employees work at a solar panel production facility in Jinhua, Zhejiang province, in August. The United States' latest move to raise tariffs on upstream polysilicon and wafers from China is expected to have only a limited impact on China's solar power sector, said analysts and companies. Further control over tariffs on photovoltaic imports could increase the cost of solar projects …

Impact of US tariffs on solar firms seen limited
3 months ago

Impact of US tariffs on solar firms seen limited

China Daily  

Employees work at a solar panel production facility in Jinhua, Zhejiang province, in August. The United States' latest move to raise tariffs on upstream polysilicon and wafers from China is expected to have only a limited impact on China's solar power sector, said analysts and companies. Further control over tariffs on photovoltaic imports could increase the cost of solar projects …

Trade body: US distorts global solar market, hampers climate change battle
3 months ago

Trade body: US distorts global solar market, hampers climate change battle

China Daily  

The China Photovoltaic Industry Association recently highlighted serious concerns and strong opposition over the US distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products, hampering international cooperation to battle the looming issue of climate change. "The Inflation Reduction Act, introduced in 2022, offers subsidies of an unprecedented $369 billion …

Trade body: US distorts global solar market, hampers climate change battle
3 months ago

Trade body: US distorts global solar market, hampers climate change battle

China Daily  

The China Photovoltaic Industry Association recently highlighted serious concerns and strong opposition over the US distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products, hampering international cooperation to battle the looming issue of climate change. "The Inflation Reduction Act, introduced in 2022, offers subsidies of an unprecedented $369 billion …

US blasted for high subsidies to PV sector
3 months ago

US blasted for high subsidies to PV sector

China Daily  

An aerial photo of the 100 MW tower for the solar power plant project in Cape Town, South Africa, Aug 20, 2024. The China Photovoltaic Industry Association has expressed serious concerns about and strong opposition to the United States' distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products. Experts …

US blasted for high subsidies to PV sector
3 months ago

US blasted for high subsidies to PV sector

China Daily  

An aerial photo of the 100 MW tower for the solar power plant project in Cape Town, South Africa, Aug 20, 2024. The China Photovoltaic Industry Association has expressed serious concerns about and strong opposition to the United States' distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products. Experts …

Trade body: US distorts global solar market, hampers climate change battle
3 months ago

Trade body: US distorts global solar market, hampers climate change battle

China Daily  

By Liu Yukun | chinadaily.com.cn | Updated: 2024-09-22 21:03 The China Photovoltaic Industry Association recently highlighted serious concerns and strong opposition over the US distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products, hampering international cooperation to battle the looming issue of climate change. "The Inflation Reduction Act, introduced …

India’s renewable energy target may prove elusive without course correction
3 months, 1 week ago

India’s renewable energy target may prove elusive without course correction

Live Mint  

India’s energy transition will be centred around the use of solar photovoltaic technology for at least the next 25 years. Though this information is not yet available in the public domain, it is estimated that Solar Energy Corporation Of India and other RE implementing agencies have about 18GW of ‘unsold inventory.’ Discoms in India face three major difficulties: huge uncertainty …

Domestic support, diversified overseas strategies underlined for PV industry
4 months, 4 weeks ago

Domestic support, diversified overseas strategies underlined for PV industry

China Daily  

Technicians check photovoltaic boards at a solar power station in Yangquan, Shanxi province, on Tuesday. ZHU XINGXIN/CHINA DAILY Asia surpassed Europe as the largest export market for Chinese solar products in the first half of this year, the China Photovoltaic Industry Association said on Thursday. "In the first six months, major global photovoltaic markets such as the United States, Europe, …

Budget 2024: Mobile phones, chargers to get cheaper as government cuts customs duty
5 months ago

Budget 2024: Mobile phones, chargers to get cheaper as government cuts customs duty

India TV News  

Finance Minister Nirmala Sitharaman on Tuesday presented the first budget of Modi 3.0 government. During her budget speech, Finance Minister Nirmala Sitharaman announced a significant reduction in customs duty on mobile phones, mobile PCBAs, and mobile chargers from the current 20 percent to 15 percent. Sitharaman highlighted the growth of the Indian mobile industry, noting that domestic production has increased …

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30
5 months ago

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30

Deccan Chronicle  

Chennai: India can increase its electronics production five-fold to touch $500 billion by FY30, with $200 -$225 billion worth exports of both finished goods and components by becoming an integral part of the global value chain through focused policy interventions, finds Niti Aayog. However, the electronics sector has a very high participation in the global value chain with 75 per …

Govt should rationalise customs duty in budget to boost domestic manufacturing: Industry body
5 months, 1 week ago

Govt should rationalise customs duty in budget to boost domestic manufacturing: Industry body

New Indian Express  

New Delhi:The Indian Chamber of Commerce has suggested the government to rationalise customs duties in various sectors including steel, solar battery, aluminum, and lithium cells in a bid to boost domestic manufacturing. ICC President Ameya Prabhu said protective measures are needed for the growth of domestic industry in sectors including steel, solar battery, aluminum, and lithium cells. Huge potential is …

Rising domestic solar cell production will curb imports from China
5 months, 4 weeks ago

Rising domestic solar cell production will curb imports from China

Hindustan Times  

India expects a surge in domestic solar cell-making capacity in the coming months, which will help reduce its dependence on imported materials from China to manufacture solar panels, the country’s top renewable energy official said. A private security guard walks between rows of photovoltaic solar panels inside a solar power plant at Raisan village near Gandhinagar, Gujarat The nation’s cells …

Case made to welcome Chinese solar products
6 months, 2 weeks ago

Case made to welcome Chinese solar products

China Daily  

By HENG WEILI in New York | chinadaily.com.cn | Updated: 2024-06-07 11:11 Employees check solar panel products at a tech company in Zhangye, Gansu province. Biden contended last month that the low cost of China's solar panels are a result of "policy-driven overcapacity" in manufacturing, "flooding global markets with artificially cheap solar modules and panels". Fickling said that Chinese clean …

US announces steep tariffs on China-made EVs, solar cells: Biden's self-contradictions and USA's hypocrisy over trade and self-interest
7 months, 1 week ago

US announces steep tariffs on China-made EVs, solar cells: Biden's self-contradictions and USA's hypocrisy over trade and self-interest

Op India  

On the 14th of May, the Biden administration in the United States imposed new tariffs on Chinese imports as its fresh move in the ongoing trade war. President Biden said that he is “announcing new tariffs in key sectors of the economy that are going to ensure that our workers are not held back by unfair trade practices.” In an …

China's renewables tech cuts costs
7 months, 4 weeks ago

China's renewables tech cuts costs

China Daily  

Employees work at a photovoltaic panel production facility in Hefei, Anhui province, in February. China's large-scale production of solar panels and electric vehicles has not only lowered costs but has also made green technology more accessible globally, industry insiders said. The IEA believes China was the major driving force behind the world's rapid expansion of renewable power generation capacity last …

The ‘import restrictions’ on solar PV cells | Explained
8 months, 2 weeks ago

The ‘import restrictions’ on solar PV cells | Explained

The Hindu  

The story so far: Recent government orders on attempts to increase local sourcing of solar modules to support India’s renewables manufacturing ecosystem has been widely reported in the media as ‘import restrictions’. India’s domestic renewables sector, at the time, was unlikely to meet the spike in demand for solar power production equipment at rates offered by Chinese manufacturers. According to …

Will new solar power rules boost production? | Explained
8 months, 2 weeks ago

Will new solar power rules boost production? | Explained

The Hindu  

The story so far: To incentivise India’s solar module manufacturing industry, the Ministry of New and Renewable Energy has brought into effect from April 1 an executive order, The Approved Models and Manufacturers of Solar Photovoltaic Modules Order, 2019. This became necessary because India’s solar industry, its claim of indigenousness notwithstanding, is heavily reliant on imports of cheaper and comparable-quality …

Battery manufacturer Luminous opens solar panel factory with 250 MW production capacity
8 months, 3 weeks ago

Battery manufacturer Luminous opens solar panel factory with 250 MW production capacity

New Indian Express  

NEW DELHI: Luminous Power Technologies, an energy storage solutions company, inaugurated its solar panel factory in Uttarakhand on Thursday with a production capacity of 250 MW, expandable up to 1 GW. The plant, spread over 10 acres in Rudrapur, Uttarakhand, will be fully automated and equipped with the latest solar module manufacturing technologies, the company said. “The Solar Panel Factory …

India’s clean energy boom slows as new solar projects get delayed. Experts say it can pick back up
10 months, 2 weeks ago

India’s clean energy boom slows as new solar projects get delayed. Experts say it can pick back up

Associated Press  

BENGALURU, India — For years, renewable projects in India have been growing steadily, from small-town rooftop solar installations to large-scale projects across the desert and long stretches of wind turbines and solar panels on farmland all contributing to the country’s climate goal of transitioning to clean energy. It takes up to two years for solar projects to come online after …

A sunshine initiative: The Hindu Editorial on the government’s rooftop solar panel plan
10 months, 2 weeks ago

A sunshine initiative: The Hindu Editorial on the government’s rooftop solar panel plan

The Hindu  

Finance Minister Nirmala Sitharaman’s interim Budget day speech reiterated a plan by Prime Minister Narendra Modi to supply power to one crore households in the country using rooftop solar panels. What is known so far is that households that have a monthly electricity consumption of less than 300 units a month will be able to install a mid-sized system with …

Solar sector readying for new challenges
11 months, 3 weeks ago

Solar sector readying for new challenges

China Daily  

A view of a solar power facility in Tongchuan, Shaanxi province, in August. Chinese PV firms lead the world, but overcapacity, price weakness loom China's solar industry climbed to new heights in 2023, with manufacturing, installed capacity and exports experiencing robust growth and reshaping the global landscape with continuous technological breakthroughs. According to the China Photovoltaic Industry Association, China saw …

Solar sector readying for new challenges
11 months, 3 weeks ago

Solar sector readying for new challenges

China Daily  

A view of a solar power facility in Tongchuan, Shaanxi province, in August. Chinese PV firms lead the world, but overcapacity, price weakness loom China's solar industry climbed to new heights in 2023, with manufacturing, installed capacity and exports experiencing robust growth and reshaping the global landscape with continuous technological breakthroughs. According to the China Photovoltaic Industry Association, China saw …

India will see solar revolution by 2030, says IEA
1 year, 2 months ago

India will see solar revolution by 2030, says IEA

Firstpost  

India has set a target of achieving 500 GW of installed capacity from non-fossil fuels, including around 270 GW of solar capacity, by 2030 According to the International Energy Agency, solar energy will generate 18% of India’s electricity by 2030, up from its current 6% share. According to the IEA’s latest World Energy Outlook 2023, which was released on Tuesday, …

India not averse to imposing ‘barriers’ to clean energy imports if pushed: Minister R.K. Singh
1 year, 5 months ago

India not averse to imposing ‘barriers’ to clean energy imports if pushed: Minister R.K. Singh

The Hindu  

Minister for Power and Renewable Energy, R.K. Singh said that India would not shy away from imposing “barriers” to Western imports of clean energy, if the latter raised barriers to India’s potential exports of green hydrogen. The Minister did not explicitly name countries but the allusions are to a recent, global tender, worth at least €900 million by Germany inviting …

India's Import Of Mobile Phones, Laptops And PCs From China Declined in FY 2022-23
1 year, 7 months ago

India's Import Of Mobile Phones, Laptops And PCs From China Declined in FY 2022-23

ABP News  

India's imports of electronic goods such as laptops, personal computers, integrated circuits and solar cells from China declined during 2022-23, according to a report by economic think tank GTRI. However, import of lithium-ion batteries surged about 96 per cent to $2.2 billion last fiscal year, it said adding the adoption of electric vehicles may increase such imports steeply. Secondly, India's …

MNRE focuses on EoDB for PV makers
1 year, 7 months ago

MNRE focuses on EoDB for PV makers

Deccan Chronicle  

New Delhi: In a move to cut the cost to solar PV manufacturers, time between application to enlistment, compliance burden and increasing ease of doing business, the ministry of new and renewable energy also allow an exemption from factory inspection in case of enlistment of additional models in ALMM. The manufacturers are also allowed to withdraw applications prior to factory …

No power tariff hike for domestic consumers in AP
1 year, 8 months ago

No power tariff hike for domestic consumers in AP

Deccan Chronicle  

VISAKHAPATNAM: There will be no hike in tariff of power supplied to domestic consumers, while the state government will pay ₹10,135.22 crores for supplying free power to farmers and subsidised power to SCs, STs, MBCs and aqua farmers, APERC chairman C.V. Nagarjuna Reddy has announced. Releasing the retail supply tariff order for the financial year 2023–24 in Visakhapatnam on Saturday, …

India plans to export solar power: official
1 year, 10 months ago

India plans to export solar power: official

The Hindu  

By 2026, Indian industry will be able to manufacture solar modules worth 100 gigawatts annually, and help the country be a net exporter of solar power. The future phase of India’s renewable energy development will be led by hybrid projects and renewable energy parks that will host solar and wind projects along with battery storage systems. The travails of the …

Centre extends timeline for solar projects’ completion
1 year, 10 months ago

Centre extends timeline for solar projects’ completion

Live Mint  

NEW DELHI: In a bid to provide relief to solar power projects stuck amid a shortage of modules, the Centre has extended the deadline for completion of projects for which bids were finalized before the announcement of the basic customs duty on modules. On 9 March, 2021, the Centre announced that from 1 April, 2022 imported solar PV modules would …

Solar Energy Corporation of India will supply 3,000 MW of solar power from Sept. 2024, says Andhra Pradesh Energy Minister
1 year, 11 months ago

Solar Energy Corporation of India will supply 3,000 MW of solar power from Sept. 2024, says Andhra Pradesh Energy Minister

The Hindu  

The State government is taking various steps to strengthen the nine-hour free power supply to the farm sector in order to make agriculture a profitable activity and empower farmers. The most significant of these steps is the tie-up with Solar Energy Corporation of India for supply of solar power, which will start with 3,000 Megawatts from September 2024 in the …

India asks utilities to import 6% of their coal for nine months
1 year, 11 months ago

India asks utilities to import 6% of their coal for nine months

Live Mint  

India's power ministry has asked utilities to import 6% of their coal requirement until September, according to a letter seen by Reuters, warning that domestic supplies could be curtailed if import targets are not met. Estimated domestic coal supply of 392 million tonnes during the six months to the end of September is expected to fall short of demand by …

Budget may seek to curb China imports
2 years ago

Budget may seek to curb China imports

Live Mint  

The Budget may announce steps to reduce India’s import dependence on China through various tariff and non-tariff measures, pursuing its strategy of Atmanirbhar Bharat in a “calibrated” manner, two officials aware of the matter said. Indian companies and government departments have raised red flags over the import of more than 100 Chinese products including polyester yarn, optical fibre, solar cells, …

India saved $4.2 billion in fuel costs through solar power: Report
2 years, 1 month ago

India saved $4.2 billion in fuel costs through solar power: Report

Live Mint  

An amount of USD 4.2 billion has been saved by India in fuel costs through solar power generation in the first half of 2022, and 19.4 million tonnes of coal which would have further stressed an already strained domestic supply, news agency PTI quoted a report released on Thursday. Seven key Asian countries, including China, India, Japan, South Korea, Vietnam, …

PM Modi’s massive manufacturing push. Five Indian companies riding the tailwind
2 years, 2 months ago

PM Modi’s massive manufacturing push. Five Indian companies riding the tailwind

Live Mint  

In March 2020, the Modi government approved a new incentive program called the Production Linked Incentive Scheme for large-scale electronics manufacturing. As per the approved scheme, benefits worth ₹195 bn will be given by the government to solar PV manufacturers for five years after commissioning the PV manufacturing plants. In the five years, it's expected that about 65,000 MW per …

Hike In GST Rate On Renewable Energy Devices, Imposition of Basic Customs Duty On Cells To Be Treated As Change In Law: MNRE
2 years, 2 months ago

Hike In GST Rate On Renewable Energy Devices, Imposition of Basic Customs Duty On Cells To Be Treated As Change In Law: MNRE

Live Law  

The Ministry of New & Renewable Energy has issued a circular stating that the increase in the rate of GST on renewable energy devices and the imposition of Basic Customs Duty on cells and modules would be treated as changes in the law.BCD at the rate of 25% has been imposed on imports of solar PV cells and BCD at …

Govt clears Rs 19,500-cr PLI scheme for solar PV modules
2 years, 3 months ago

Govt clears Rs 19,500-cr PLI scheme for solar PV modules

Deccan Chronicle  

New Delhi: The government on Wednesday approved a Rs 19,500-crore production linked incentive scheme for manufacturing solar photovoltaic modules in order to attract investment in the solar space in the country. Besides, the government also approved modifications in the scheme for semiconductors and display manufacturing eco-system, with uniform fiscal support of 50 per cent of project cost for all technology …

With ₹19,500-crore PLI plan, sun shines on solar cell units
2 years, 3 months ago

With ₹19,500-crore PLI plan, sun shines on solar cell units

The Hindu  

The Union Cabinet on Wednesday cleared a ₹19,500-crore scheme to incentivise manufacturing of domestic solar cell modules to reduce the industry’s reliance on China-made panels. Officials from the Ministry of New and Renewable Energy, the nodal body charged with administering the programme, estimate manufacturing capacity worth 65,000 MW of fully and partially integrated, solar PV modules to be installed over …

Govt Plans To Import 76 Million Tonne Coal To Avoid Shortage In 2022-23: Report
2 years, 5 months ago

Govt Plans To Import 76 Million Tonne Coal To Avoid Shortage In 2022-23: Report

News 18  

To meet the coal shortage at power plants in 2022-23, the government has firmed up a plan to import around 76 million tonnes of the dry fuel during the current financial year. State-owned Coal India Ltd will import 15 mt, India’s largest power producer NTPC Ltd and Damodar Valley Corporation will import 23 mt, according to a media report. State …

Domestic solar equipment makers flag low capacity utilisation, seek government intervention
2 years, 9 months ago

Domestic solar equipment makers flag low capacity utilisation, seek government intervention

The Hindu  

The All India Solar Industries Association has urged the government to intervene amid concerns that solar equipment manufacturing units were operating at 30% capacity due to massive imports by traders from China. In a letter to Power Minister R.K. Singh, the representative association for domestic solar equipment makers said: “Having been hopeful of revival for the last decade and survived …

India’s solar capacity: Milestones and challenges
2 years, 9 months ago

India’s solar capacity: Milestones and challenges

The Hindu  

The story so far: India added a record 10 Gigawatt of solar energy to its cumulative installed capacity in 2021. This is a milestone in India’s journey towards generating 500 GW from renewable energy by 2030, of which 300 GW is expected to come from solar power. India’s capacity additions rank the country fifth in solar power deployment, contributing nearly …

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