India, China, U.S.: Solar Trade Issues Heating Up

December 22nd, 2011
in econ_news

SunEconintersect: The ongoing war of the solar power giants, between First Solar (NASDAQ: FSLR) of the U.S. and Suntech Power Holdings NYSE:STP) and Trina Solar (NYSE:TSL) of China has extended to India. The New Delhi government may initiate an anti-dumping probe in a month focused on imports of Chinese solar products, according to a statement issued Tuesday (December 20) by China’s Commerce Ministry. According to Bloomberg, India’s Commerce Secretary Rahul Khullar has declined to comment.

Follow up:

From Bloomberg:

Indian manufacturers are also seeking a 15 percent tariff on imports of thin-film solar panels, the country’s Renewable Energy Ministry Secretary Tarun Kapoor said in an interview.

Bloomberg reports that India’s solar manufacturers, Indosolar, Moser Baer India and Tata BP Solar have not been able to achieve reasonable market share against subsidized foreigners.  Indosolar, India’s largest solar manufacturer, has stopped production as of June and has defaulted on bank loans.  From Bloomberg:

We’re on the same wavelength as the U.S. manufacturers,”Indosolar Managing Director H. Rahul Gupta said by phone, referring to an Oct. 19 complaint lodged by Bonn-based SolarWorld AG’s U.S. unit and six unidentified U.S. companies.

The complaint alleged Beijing uses cash grants, raw-materials discounts, preferential loans, tax incentives and currency manipulation to boost exports of solar cells.

The India complaint targets unspecified U.S. companies as well as those in China.

Yesterday GEI Investing published a pessimistic investment outlook by Elliott Gue for solar and other renewable energy technologies.  Earlier, Elliott Morss published (GEI Analysis) negative economic outlooks for the new technolgies over the next few years.

Sources:  Bloomberg, GEI Investing and GEI Analysis

Hat tip to Sanjeev Kulkarni

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

1 comment

  1. MCX Tips says :

    Good info and explanation as usual. Thanks for sharing the info.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved