Safeguard Duty: A Trade Barrier
The domestic manufacturers have had a long history of conflict against the imported solar components as foreign (Chinese) suppliers continued dumping solar components in India at a much lower rate than the existing market price. Therefore, the domestic manufacturers requesting the Government of India to safeguard the domestic industry growth was quite a valid appeal.
"India needs at least USD 125 billion to fund the 175 GW target"
Manoj Gupta, Vice President-Solar Business, Fortum India opines most of the financing received for the renewable energy development comes from the domestic banks. However, with the current level of fund generation, it is difficult to sustain solar energy goals.
Solar's 1 million job bonanza
From a perennially energy-deficient state with a peak shortage of 14 per cent in 2010 to a peak shortage of less than one per cent in 2018, India has moved miles from the days of energy blackouts and frequent power cuts.
Solar sector bottlenecks may hamper job growth
In India, the solar industry has created 416,000 jobs in 2015 and 1,017,800 jobs are expected to be created by 2022. New projects, more investment, policies like Surya Mitra Skill Development and encouragement from the government will create more job opportunities.
Adani’s Rs 12,000-cr bid to set up SEZ in Jharkhand gets rejected
Adani Power's bid to set up a special economic zone (SEZ) for the power sector in Jharkhand has met with rejection. The commerce ministry has rejected the proposal entailing an investment of Rs 15,002 crore given that the bid was not in line with the sectoral guidelines, according to sources.
Solar: Policy consistency is imperative
The solar capacity in the country has crossed barely 16 GW in November 2017. That leaves a lot of road to be covered before achieving the envisaged target of 100 GW by 2022.
Adani Power seeks nod for setting up power SEZ in Jharkhand
Adani Power has sought approval from the commerce ministry for setting up of a special economic zone (SEZ) for the power sector in Jharkhand, entailing investment of Rs 15,002 crore. The application will be considered by the Board of Approval, the highest decision making body of the SEZs, in its meeting on February 5.
Our anti-dumping policy has led to imports costing around 25% less
Predominantly today, the solar industry is ruled by capital costs and the impact directly comes from the manufacturing capacity. The problem is that whatever manufacturing we have is either slightly outdated or not big enough to compete on cost.