India has published definitive anti-dumping duties on US, Chinese and Malaysian solar manufacturers.
Chinese firms are the hardest hit with duties as high as US$0.81/W.
Thin-film manufacturer First Solar, which has made ground in the Indian market, will face US$0.11/W duties. US silicon-based panels will be subject to US$0.48/W duties.
Malaysian manufacturers will face duties of US$0.62/W and Taiwanese firms US$0.59/W.
The tariffs are currently only recommendations. Many in the sector will be hoping to see the ministry ignore the report's advice.
Project developers, including Welspun and several industry analysts have warned that anti-dumping duties would pose a serious threat to the industry’s future.
“[The] imposition of an anti-dumping duty will be detrimental, increase uncertainty, and raise solar power prices. Moreover, anti-dumping duties will hurt local manufacturing as higher component costs will make project economics unworkable, freezing project development activity,” said Raj Prabhu, CEO and co-founder of Mercom, prior to the release of the definitive tariffs.
According to India’s ministry of commerce, Trina Solar, Jinko Solar and a number of other Chinese exporters offered to establish a price undertaking similar to its arrangement with the EU. The Indian authorities rejected this offer stating that it considers such mechanisms “impractical to monitor”.