Gyanesh Chaudhary, MD and CEO of Indian module manufacturer Vikram Solar, discusses how China's solar policy overhaul impacts India's PV market, how India's domestic manufacturing industry should be supported, and what needs to change in the recent Safeguard Duty announcement.
The Trump administration's 30% tariff on imports of solar cells and modules will result in modules cost increases of 9-10¢/W in year one, reducing to 3-4¢/W in year four, according to separate analyses by GTM Research and Deutsche Bank.
Anything from duties to a minimum import price (MIP) on solar imports are being sought by India’s anti-dumping petitioners, but there are concerns around circumvention of an MIP if introduced, according to a person close to the issue.
Plenty of uncertainty surrounds the potential effects of India’s forthcoming Goods and Services Tax (GST) Bill, but the cost of solar could go up by as much as INR4.5 million/MW (US$67,000), according to a new study from the Council on Energy, Environment and Water (CEEW).
The Indian government seems ready to push through the much anticipated Goods and Services Tax (GST) bill in Parliament. Jasmeet Khurana, associate director, consulting, Bridge to India, explains the expected cost increases coming as a result.