US Trade Body Recommendation May Impact India’s Solar Power Sector

US Trade Body Recommendation May Impact India’s Solar Power Sector

Indian solar power tariffs’ sharp decline will get arrested in the short term with Chinese solar module prices set to increase post the US International Trade Commission’ (USITC) recommendation on Friday.

With the USITC in an unanimous vote concluding that cheap imports are hurting US manufacturers, US developers will ramp up their pace of placing advance orders to shore up cell and module supplies. This stockpiling to meet next year’s demand will lead to a price increase of Chinese modules and their limited availability for Indian developers, thereby also putting at risk projects that won licences betting on a continued decline in module prices.

To be sure, once the commission submit its report to the US President Donald Trump by 13 November post a 3 October public hearing, the final decision will be taken by Trump himself, whose presidential campaign and term has been built around growing American manufacturing. Read More…

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