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India: No 25% duty after effect? Odisha auction sees low tariffs

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India: No 25% duty after effect? Odisha auction sees low tariffs



In the first big auction, a day after the imposition of a 25% safeguard duty on solar imports, the winning tariff of Rs 2.79 (US$0.041) at the 200 MW Odisha auction took the industry by surprise.

India’s 25% safeguard duty on solar equipment from China and Malaysia came into effect on July 30, and the solar industry anticipated an immediate 10-15% tariff hike. The tariff in the Odisha auction, however, did not rise as much as feared.

Aditya Birla Renewables successfully bid for 75 MW at INR 2.79 ($0.041)/unit, followed by 50 MW for Eden Renewable Varenne at INR 3.19 ($0.047)/unit. Acme Solar won 30 MW at INR 3.20 ($0.048)/unit, while Sukhbir Agro and Gupta Power Infrastructure got 25 MW and 20 MW, respectively, both at INR 3.19 ($0.047)/unit.

Read the full story on pv magazine India.



Source PV Magazine

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