Capital Group, a global clean energy communications and consulting firm, today
announced that it is cautiously reiterating its Indian solar installation
forecast at approximately 1,000 MW in 2014.
has not been a lot of movement in the solar sector the past three months as the
Indian solar industry was eagerly waiting for election results. The mood is
positive with anticipation that good things will happen with Bharatiya Janata
Party (BJP) in power, according to most in the industry. Solar installations so
far this year total 444 MW. However, the Ministry of Trade and Commerce has resuscitated
the seemingly dead anti-dumping case. As stakeholders await the final anti-dumping verdict,
Mercom noted that if duties are imposed, it will be revising down its
previous installation forecast of 1 GW in 2014.
has covered the anti-dumping topic extensively (http://bit.ly/mercomisfq, http://bit.ly/MercomIndiaMar2013, http://bit.ly/MercomIndiaQ3
) over the past few years and its stance on this issue has been consistent – it
is bad policy.
to the information Mercom received from its sources, the Department of Commerce
has revived its anti-dumping case and concluded its preliminary findings that
domestic manufacturers have been injured by the dumping of solar cells and
modules by manufacturers from China, the United States, Malaysia, and Taiwan.
Department of Commerce has continued to pursue the anti-dumping case even
while the Ministry of New and Renewable Energy (MNRE) rightly continues to
insist that imposing anti-dumping duties is a very bad idea for a young and
a sector that hasn’t grown a lot since 2012, 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,” commented Raj Prabhu, CEO and Co-Founder of Mercom
manufacturers who were primary supporters of anti-dumping
investigations told Mercom they are now opposed to duties. They see the harm that will be done - choking project development by increasing costs while the industry is still
trying to find its legs. They now seem to understand that they would all benefit
from a larger market.
local solar industry hopes that the new Modi administration will put an end to
the unpredictability and bring some badly needed order to the energy sector.
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About Mercom Capital Group
Capital Group llc, is a global communications and consulting firm focused
exclusively on clean energy and financial communications. Mercom’s consulting
division advises cleantech companies on new market entry, custom market
intelligence and overall strategic decision making. Mercom’s consulting
division also delivers highly respected industry market intelligence reports
covering Solar Energy, Wind Energy and Smart Grid. Mercom’s reports provide timely industry
happenings and ahead-of-the-curve analysis specifically for C-level decision
making. Mercom’s communications division helps clean energy companies and
financial institutions build powerful relationships with media, analysts,
government decision makers, local communities and strategic partners. For more
information about Mercom Capital Group, visit: http://www.mercomcapital.com.