Anti-dumping, countervailing duties on battery materials could have serious effects on the EV and energy storage markets, as the battery material and manufacturing markets in the U.S. are still in very early stages.
The prices of domestically manufactured solar cells are 1.5-2 times more than alternatives from China even after basic customs duty. Such high prices can drive up the capital cost of solar power projects by INR 5-10 million/MW and, in turn, tariffs by 40-50 paise per kWh, says CRISIL Market Intelligence and Analytics.
The US government has doubled Section 301 tariffs on imported solar polysilicon and wafers from China to 50%. The materials are vital for manufacturing solar panels, from refining polysilicon to assembling modules.
Battery prices continue to tumble on the back of lower metal costs and increased scale, squeezing margins for manufacturers. Further price declines are expected over the next decade.
The “build now, decarbonize later” approach misses the opportunity to develop steel capacity using low-emissions technologies, which could make India a leader in green steel capacity, save on decarbonization efforts later, and reduce current and future stranded asset risk in the industry.
India’s Ministry of Finance has imposed an antidumping duty on solar glass imports from China in the range of $673 to $677 per metric ton and for imports from Vietnam at $565 per metric ton.
Favorable government policies have played a crucial role in driving the adoption of solar energy in emerging economies. However, investment in grid modernisation and energy storage solutions is crucial to unlock the next level of sustainable solar integration in these economies.
US trade officials have announced preliminary affirmative determinations for antidumping duties on crystalline solar cell imports from Cambodia, Malaysia, Thailand and Vietnam. The tariffs range from 21.31% to 271.28% depending on the company and country.
Congressmen John Moolenaar and Jared Golden introduced a new bill that aims to halt advanced manufacturing tax credits.
With passage of a trifecta of clean energy legislation, the U.S. now has strong industrial policy that is building out domestic manufacturing, bringing jobs to the U.S., increasing clean energy capacity, driving the economy and more. What could change?
This website uses cookies to anonymously count visitor numbers. To find out more, please see our Data Protection Policy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.