Solar tariff rise due to customs duty would cost to Discoms INR9 billion annually
India’s declining solar tariff trend will see a reversal as the basic customs duty comes into effect. According to India Ratings, tariffs will likely touch INR 2.43 when using imported solar modules with 40% duty applicable, putting an additional cost burden on Discoms.
Sungrow unveils 325 kW string inverter
The device will go into mass production in the second half of this year. It features an efficiency of 99.01% and is claimed to be the most powerful string inverter ever launched on the market to date.
Solar tariffs could rise about 20% due to customs duty
The installation cost is set to increase as a 40% customs duty on solar modules, and 25% on cells, comes into effect from next year.
Electric car maker Triton-EV registers India office
The US-headquartered company has registered its Indian arm by the name of Triton Electric Vehicles India in New Delhi as it plans to capture the nation’s growing EV market. It is also in discussion with a few states to set up a factory.
Trina launches 670 W solar panel
The latest product in the Vertex series from the Chinese manufacturer has a power conversion efficiency of 21.6%.
AI identifies a $14bn solar problem
How do you know when an inverter or module is under-performing? Monitoring services should shed light on problems but AI-driven digital asset manager Raycatch says much information is hidden behind a wall of “noise.” Breaking that wall with advanced data analysis could unlock billions of cost savings.
Solar manufacturer wants customs duty waiver to domestic sales by SEZ units
Domestic sales by manufacturing units located within special economic zones (SEZs) are treated as exports, attracting customs duty levy. This puts the SEZ manufacturers at a disadvantage compared to those in the domestic tariff area.
LONGi Solar was India’s biggest module provider in 2020
The Chinese manufacturer shipped over 1,500 MW (DC) of modules last year, accounting for a 15.6% share of the total 9,478 MW module supplies in the nation.
Silver accounts for 10% of PV module costs
The share of silver in the total cost of PV modules has increased by around 5% in recent months, according to US analyst Matthew Watson. He told pv magazine that silver prices are set to rise, adding that the metal will eventually account for an even larger percentage of overall module costs.
Borosil Renewables posts a 74.3% y-o-y revenue growth in first nine months
The Indian solar glass manufacturer reported net revenue of around INR 300 crore during the current fiscal’s nine months ended December 2020, with the best-ever quarterly earnings of INR 140 crore coming from the third quarter.
