Tata Power Solar exports record 1GW solar modules
The Dollar Business Bureau India’s leading integrated solar player, Tata Power Solar, has accomplished the milestone of exporting solar modules of 1 GW and witnessed a 60% increase in shipment in the past 5 years. “Tata Power Solar has successfully shipped 1 GW solar modules worldwide, a first for any Indian solar manufacturer,” the company said in a statement on Monday. With both modules and cell manufacturing capacities, the achieved milestone firms the company's place as one of India's largest players in PV (photovoltaic) module manufacturing sector, the statement said. Tata Solar Power has recorded a steady increase in the volume of modules in the last 27 years, with more than 60% of their modules exported over the ...
Tata Power to acquire Welspun Renewable Energy
The Dollar Business Bureau Tata Power announced that it will acquire Welspun Renewable Energy Pvt (WREPL) for an undisclosed amount. Welspun Renewable Energy Pvt is a subsidiary of Welspun Energy. In a statement released, it was announced that the subsidiary of Tata Power, Tata Power Renewable Energy will acquire WREPL through share purchase agreements. WREPL has the largest operating solar portfolios and is spread across 10 states. It has 1,140 MW of renewable power project works consisting of about 990 MW solar power projects and 150 MW of wind power projects. Sources from the market have said that the deal size could range between Rs.6000 to 7000 crore. Of the total 1,140 MW of the renewable portfolio, nearly 1000 MW of the capacity is ...
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 ...
