Despite safeguard tariffs against certain imports of solar PV products into India, Chinese manufactured modules will remain competitive, says TrendForce. It further anticipates PV demand falling 30% in fiscal year 2018 in India, while cost pressures will mount for EPCs and project developers.
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The safeguard tariffs have been imposed on solar PV cells, whether or not assembled in modules, from China, Malaysia, Taiwan, Europe and the Americas.
According to Taiwan-based EnergyTrend, India’s imposition of safeguard tariffs for two years, which came into effect on July 30, will do little to boost the country’s domestic solar PV manufacturing landscape.