Talks to Sell 51% Stake of Hong Kong’s GCL to State Collapses Updated On Mon, Aug 6th, 2018 by Saurenergy The failed developments for the sale of stake of GCL to SEG also led shareholders to a negative intuition about the company’s future reliability thereby forcing a share-sell. World’s leading solar panels materials maker, GCL Poly Energy is expected to face high selling pressure on its share market on the back of the collapsed talks […] Read more
MNRE Appeals Exclusion of Solar Projects under Execution from Safeguard Duty Updated On Mon, Aug 6th, 2018 by Saurenergy The ministry has put up an urge to exclude projects bid out before 31st July as the safeguard duty came into effect on July 31st. The Ministry of New and Renewable Energy (MNRE) has urged the Finance Ministry to exempt solar projects under implementation from the 25 percent safeguard duty on solar goods from China […] Read more
BMW Brilliance and CATL Signed Strategic Cooperation Agreement Updated On Sat, Aug 4th, 2018 by Saurenergy BMW Brilliance claimed to consolidate its new energy ecosystem of ‘In China, For China’ which covers the entire life cycle of new energy vehicles from battery cell production to battery cell recycling. Luxury and sports automaker BMW’s energy efficient arm BMW Brilliance and battery maker Contemporary Amperex Technology (CATL) has signed a strategic cooperation agreement […] Read more
PetersenDean Steps Aboard SEIA’s Board of Directors Updated On Fri, Aug 3rd, 2018 by Saurenergy Gary Liardon, president of Consumer Group Nationwide at PetersenDean, will serve as a director on the SEIA board of directors. The Solar Energy Industries Association (SEIA), the national trade association for the U.S. solar energy industry states that PetersenDean, a leading U.S. roofing and solar power contractor, has joined SEIA’s board of directors. Gary Liardon, […] Read more
Safeguard Duty: Manufacturers Back Govt Move; Raise Concerns on Clarity Updated On Wed, Aug 1st, 2018 by Saurenergy If SEZ units are not exempted from SGD, it will lead to further job losses and harm the manufacturing ecosystem in India, which is already bleeding: Gyanesh Chaudhary Despite solar manufacturers’ welcomed the government’s move on safeguard duty imposition on solar imports from China and Malaysia, they have raised their concerns as well and want […] Read more
India Imposes 25% Safeguard Duty on Solar Imports Updated On Tue, Jul 31st, 2018 by Saurenergy Finance ministry has imposed a safeguard duty of 25 percent on the imports from July 30, 2018 to July 29, 2019 and a gradually reduced rate of 20 percent from July 30, 2019 to January 29, 2020 and 15 percent from January 30, 2020 to July 29, 2020. Keeping in view the interests of the […] Read more
Chinese Solar Panels Dumping Causes Loss of 2 Lakh Jobs: Report Updated On Fri, Jul 27th, 2018 by Saurenergy The loss of jobs came on the heels of disproportion in the trade patterns between India and China and a faulty implementation of interest safeguarding policies. The Parliamentary Standing Committee on Commerce estimated loss of 2 lakh jobs in the country due to dumping of Chinese solar panels. The loss of jobs came on the […] Read more
Orissa HC Issues Stay Order on Safeguard Duty on Solar Imports until August 20 Updated On Wed, Jul 25th, 2018 by Saurenergy The move came after the Directorate General of Trade Restrictions (DGTR) had recommended, last week, that safeguard duty on solar imports from China and Malaysia should be imposed for 2 years in a phased manner i.e. 25 percent for the first year, 20 percent for the first six months of the second year, and 15 […] Read more
Indian Manufacturers to benefit from Rs 8000 Cr Solar Energy Scheme Updated On Mon, Jul 23rd, 2018 by Saurenergy If the Solar Energy Scheme gets required approvals and execution, it would mandate the Indian solar cell’s manufacturers to manufacture without the violation of WTO’s trade rules. A 12 Gigawatts Solar Energy Scheme to back the indigenous manufacturing of the solar energy components is underway. The scheme is proposed to be costing Rs 8000 crore. […] Read more
