The European Union, Canada, Brazil, China, and Japan were among those who supported India on Friday in the solar panel dispute with the US at the World Trade Organization (WTO), people familiar with the development said.
NTPC has been forced to cancel the result of its 250 mw solar auction held in October last year, which was won by Azure Power quoting a tariff of ₹3.14 per unit.
India hit back on Monday at Washington’s latest legal assault on its solar power policies at the World Trade Organization, rejecting a U.S. legal claim and exploring possible new protection of India’s own solar industry.
India has failed to comply with a World Trade Organization ruling on solar power, the United States will tell the WTO’s dispute settlement body (DSB) next month, triggering a fresh round of litigation, according to an agenda issued on Wednesday.
Months before the next WTO ministerial in Argentina, commerce and industry minister Nirmala Sitharaman discusses India’s strategy.
The commerce ministry has initiated an anti-dumping investigation against the import of solar cells from China, Taiwan and Malaysia.
India and the U.S. have been filing a number of disputes against each other, challenging the other’s domestic content requirement in the renewable energy sector.
Mercom Capital Group, a global clean energy communications and research firm, has forecasted in its quarterly review on Indian solar market that more than 4 GW would be added in total solar installations for the 2016 calendar year.This is nearly 100 percent year-over-year (YoY) growth from the 2015 total of 2,133 MW