India&Aluminum Caps39;s tenders are hyper-competitive and bidders consider forward module price reduction, hence the lower-than-anticipated cost reductions awarded to projects are at risk, he said. Numerous tenders with manufacturing components are under discussion and show the government’s intention to promote the ‘Make in India’ program.”The two-year time frame is a very short time for existing manufacturing facilities to upgrade their infrastructure and/or build new facilities all the while recouping the investments,” it said. Cheap imports have pushed down tariffs for solar power to record lows.India, the largest importer of Chinese solar equipment, imposed the safeguard duty on July 29 for two years to protect its local industry, a move that may hit plans to boost use of renewable energy.Stating that the safeguard duty alone is not expected to drive investments in domestic manufacturing, it said duties coupled with manufactured-linked mega tenders provide certainty in offtake at a competitive price. However, the imposition of safeguard duties cancels 88 per cent of the price reduction,” it said in a statement. New Delhi: India’s decision to impose a 25 per cent safeguard duty on solar cell imports could cancel out cost savings realised by module oversupply globally and such steps alone are not expected to drive investments in domestic manufacturing, energy consultancy firm Wood Mackenzie said on Tuesday.Safeguard duties also apply to Special Economic Zones (SEZ) based manufacturers within India, which host 40 per cent of the solar project module and 60 per cent of the cell capacity. India, the largest importer of Chinese solar equipment, imposed the safeguard duty on July 29 for two years to protect its local industry.Rishab Shrestha, Wood Mackenzie Research Analyst, said the safeguard duty could cancel out cost savings realised by module oversupply.Domestic module manufacturers have had a hard time competing with the international modules OEMs given tharch Horoscope IndiaPoliticsCrimeAll IndiaWorldSouth AsiaAsiaMiddle EastAfricaEuropeAmericasOceaniaMetrosDelhiKolkataMumbaiIn Other CitiesBusinessEconomyMarketCompaniesAutosIn
Other NewsOpinionEditOpedColumnistsInterview of the WeekReporter’s DiaryThe Age DebateHere and NowSportsCricketTennisFootballIn Other sportsTechnologyMobiles & TabsGadgetsIn Other newsReviewsEntertainmentBollywoodHollywoodMovie ReviewsTVMusicIn Other NewsPhotosLifeHealthFashionFoodTravelArtRelationshipMore FeaturesNewsmakers BooksScienceHoroscopeod Mackenzie says safeguard duties alone can’t push ‘Make in India’ PTI Published18, compared to H1/2018. These massive tenders have attracted interest from several international players. end-of Tags: wood mackenzie, solar cell, solar power, china market Location: India, Delhi, New Delhi.One such tender was announced in May, where SECI tendered 5 GW of solar manufacturing linked tender with 10 GW of PV power plant projects.8 GW respectively.44 rupees a kilowatt-hour in the country’s largest auction last month. The status of the stay order remains uncertain,” it said.”25 per cent duty would have been sufficient for domestic # modules to compete if SEZ based manufacturers did not also face the duties,” Wood Mackenzie said.The Directorate of Anti-Dumping and Allied Duties (DGAD) recommended 70 per cent safeguard duties in January 2018, but after several consultations opted for a milder recommendation starting at 25 per cent duties.1 GW and 2-3 GW out of 8. Actual capacity utilization for solar cells and modules is 1.”As the China market slows down, module prices are expected to fall more rapidly because of increased oversupply. Wood Mackenzie said the initial petition for safeguard duties was filed by the International Solar Manufacturing Agencies (ISMA) in December 2017.”The duty imposed ignores the stay order issued by the Odisha High Court, which directed the government not to issue any notification on safeguard duty until August 20
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