SOLAR EQUIPMENT

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• Solar power equipment production for 35,000 MW capacity on cards

  If the bids materialise, they would result in the first large-scale plan to set up the manufacturing of ingots and wafers in the country.

  

• Solar manufacturers to grow, but shouldn’t depend only on government moves, says report

  In an effort to promote domestic manufacturing, the government recently extended the safeguard duty on solar equipment by a year. It is also looking to impose basic customs duty (BCD) although it is unclear as to when it will be imposed

  

• Vikram to invest $726 million to make solar equipment

  Prime Minister Narendra Modi’s administration is keen to boost local manufacturing of solar cells and modules to support its ambitious growth plans of expanding renewable energy capacity by more than five-fold to 450 gigawatts over the next decade

  

• Using local solar gear will raise tariffs by only 2-5 paise: Energy minister RK Singh

  Singh was speaking at a video conference organised by the Confederation of Indian Industry (CII). The minister also said that development of renewable energy along with storage capacity will help reduce import of fossil fuels

  

• Govt plans to impose 20% customs duty on solar power equipment to cut imports: Thakur

  Thakur further said the government is in discussions with various stakeholders and most of the policies in the coming times will be long-term, aimed at making India self-reliant

  

• Basic customs duty on solar equipment may hit SEZ mfg facilities: Experts

  Power and New & Renewable Energy Minister R K Singh on Thursday said his ministry has proposed to impose basic custom duty (BCD) from August 1, this year on solar equipment, including cells, modules and inverters, in the range of 15-20 per cent in the first year

  

• 40 per cent duty, local testing to curb all power gear imports from China

  Three-fourths of India’s solar power capacity is built using equipment imported from mainland China or Chinese-owned firms in Malaysia. China is the world’s largest solar gear maker and manufacturers offer cheaper rates due to overt and covert government subsidy

  

• Solar developers welcome customs duty although concerned about impact on ongoing projects

  They were reacting to minister RK Singh’s announcement of a series of measures for the renewable energy sector on Tuesday, including prior approval for essential imports and financial incentives for projects that use local equipment.

  

• Final decision on customs duty on solar equipment to be announced soon: Government

  Developers have been keenly awaiting such a clarification since the duty will impact their cost of setting up a project and thereby the tariff they charge for the power generated

  

• Domestic solar equipment makers may plead again for safeguards

  India imports around 90% of solar equipment used in tThis, however, has made matters worse for domestic equipment manufacturers, following which they are looking to move another anti-dumping investigation, in a rather desperate attempt to salvage the industry.he country from China and Malaysia.

  

• Companies stay away from solar tender linked to manufacturing

  The manufacturing-linked tender was first floated by Solar Energy Corporation of India (SECI) in May this year in a bid to boost local manufacturing of solar equipment.