The Indian state of Uttar Pradesh has drawn lowest bids of more than 3 rupees per unit for its latest 500MW solar auction, but these were still significantly lower than tariffs from its 1GW auction that was annulled over the summer.
Ali Imran Naqvi, Vice President of India-based advisory and engineering firm, Gensol Group, discusses the tight-rope walk that Indian solar developers are risking with their most recent low bids in the state of Gujarat.
China has filed a complaint at the World Trade Organisation (WTO) against the US’ 30% safeguard tariffs on solar imports as well as its renewable energy subsidies, claiming that they distort the global PV market – a move which comes as part of wider trade battle between the two global powers.
Indian solar tariffs have matched their lowest ever in the most recent 2GW and 3GW auctions for Interstate Transmission System (ISTS)-connected projects. Payal Saxena and Ali Imran Naqvi of advisory and engineering firm Gensol Group, decipher how such low prices are possible.
Vietnam has filed a complaint with the World Trade Organisation (WTO) requesting consultations with the US over its 30% solar import tariffs and discussions over compensation, according to a WTO filing dated 2 March.
Singapore has joined the pile of countries going to the World Trade Organisation (WTO) to demand a consultation with the US over its 30% solar import tariffs, according to a WTO filing from Friday 9 February.
The EU is the latest region to wade into the Section 201 saga by demanding a consultation with the US over its imposition of tariffs on solar imports, according to a WTO filing from Wednesday 7 February.
South Korea has requested consultations with the US government over its newly announced solar import tariffs, threatening legal action at the World Trade Organization (WTO) if the dispute is not resolved, according to documents filed at the WTO.
Representatives of India’s two largest solar power off-takers, SECI and NTPC have said the central government’s plan to tender 17GW of solar PV before April next year is totally reliant on the willingness of states to buy power.