Suzlon Energy acquires 5 renewable energy firms
In its expansion bid to implement projects across the country, Suzlon Energy, one of the leading renewable energy solution providers globally, has acquired five small companies in India for an undisclosed sum. The company, in a statement, said that it has acquired five solar companies to implement several projects in renewable energy across India. These companies are Aalok Solarfarms, Abha Solarfarms, Gale Solarfarms, Shreyas Solarfarms and Tornado Solarfarms. This also includes the solar projects of 70 MW, recently won in Maharashtra. Suzlon Group, a market leader in India with a global footprint, informed that these companies have been acquired on par value and they currently do not have any assets or operations. They have been acquired mainly to be used as special purpose ...
India avoids imposing anti-dumping duty on solar panel imports
Bhushan Palo | @TheDollarBiz The Indian government has decided not to impose anti-dumping duty (ADD) on solar panel imports from countries such as USA and China, and has instead turned its focus to help domestic manufacturers become competitive. Solar energy production in India surged around 56% Y-o-Y in 2013-14 to 2,631 MW, but domestic manufacturers, represented by Indian Solar Manufacturers Association (ISMA), have complained that subsidized imports of solar panels are hurting their interests. Last month, the Director General of Antidumping & Allied Duties (DGAAD) had recommended the imposition of anti-dumping duty between $0.11 per watt to $0.81 per watt on the imports from China, Chinese Taipei, Malaysia and USA to offset dumping and material injury suffered by the ...
