1. Home >
  2. Export Import News >
  3. Import News >
  4. US cautions against lure of cheap Chinese solar imports >
  5. US cautions against lure of cheap Chinese solar imports

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

US cautions against lure of cheap Chinese solar imports.

Date: 09-10-2019
Subject: US cautions against lure of cheap Chinese solar imports
NEW DELHI: Solar energy developers in India should consider quality, service standards, overall costs and geopolitical implications before going for cheap Chinese imports, a top US official said.

Considering these factors, the US can offer better value to Indian solar developers, Francis R Fannon, assistant secretary of state for energy resources, told ET.

“When you are doing business, you have to look at: is this a commercial endeavour, or is this something else, and how is this deal being financed? Is it because the company is there to get returns, or is there any kind of government backing, in which case it has geopolitical implications,” he said.

Reliability and cost of decommissioning were also important considerations, Fannon said. “They might be 5% cheaper, but I now have a 20% decommissioning issue or reliability degrades by the years. So, is it really a smart investment?”

He said US companies had a lot to offer. “When a US company enters any market, they win in a competitive way, they tend to bring the best environment health safety standards, they tend to be the best operators, the best innovation, the best engineering, and they respect the sovereignty of the countries they are operating in,” Fannon said. “These are all concepts that need to be considered.”

Fannon, the top official for energy matters in the US state department, was in Delhi for the launch of the Flexible Resources Initiative (FRI) under the US-India Clean Energy Finance Task Force. FRI, part of Asia EDGE (Enhancing Development and Growth through Energy) initiative, aims to develop effective strategies to ensure India’s power system has the flexibility it needs to integrate renewable energy over the next decade, while reliably meeting surging demand.

Fannon said US was a rapidly growing energy supplier, which would double export capacity in three years, potentially benefitting India. “If there’s a suspicion about reliability of US energy maybe it’s because US is relatively new to this game,” he said. “The US started exporting energy in 2016. At that time, we were the 15th largest exporter. Today, after two and a half years, we are third. And we are projected to be the first in 3-5 years.”

India is also increasing imports of crude oil from the US, and recently Petronet LNG signed an MoU for US gas imports, which led to a sharp fall in the company’s shares in a bullish market as many analysts said buying US LNG was not a smart idea.

Fannon said he had discussed solar energy issues with Indian officials. “I can’t go into specifics of my discussions, but the issue of solar is certainly one of that and the fact that the government is keen to have the private sector being an important voice in this, is telling by itself.”

He also lauded India for stopping oil imports from Iran, which he claimed had hurt Indian consumers by attacking facilities in Saudi Arabia, a major supplier to the country. “We understand that some of the private sector participants in India made a reluctant agreement,” he said, but added that “there couldn’t be a more unreliable supplier” than Iran.

Fannon said US energy supplies were changing the market dynamics. “We are about to double the export capacity in next three years, (and) at the same time, we are doubling the recovery rates of gas from some of our most prolific basins in the US in the next five years,” he said. “So, all of this is driving down costs, increasing flexibility for global consumers, and changing the way gas is being marketed.” 

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 27-05-2020
Notification No. 9/2020-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of 'Electronic Calculators of all types excluding calculators with attached printers, commonly referred to as printing calculators; calculators with ability to plot charts and graphs, commonly referred to as graphing calculators; programmable calculators',originating in, or exported from, People's Republic of China for a period of five years, in pursuance of final findings of sunset review investigations issued by DGTR and in supersession of the notification No. 24/2015- Customs (ADD), dated the 29th May, 2015.

Date: 22-05-2020
Notification No. 47/2020-CUSTOMS (N.T.)
Appointment of CAA in case of in case of M/s Satnam Steels, Rajkot.

Date: 22-05-2020
PUBLIC NOTICE No. 06/2015-2020
Inclusion of Gopalpur Port, Odisha as a Port of Registration under Para 4.37 of Handbook of Procedures, 2015-2020.

Date: 22-05-2020
TRADE NOTICE NO. 12/2020-2021
Issuance of Preferential Certificate of Origin for India’s exports to Thailand and Vietnam under ASEAN-India FTA

Date: 21-05-2020
Notification No. 24/2020 - Customs
Seeks to amend notification No. 56/2000-Customs dated 05.05.2000, No. 57/2000-Customs dated 08.05.2000 and No. 40/2015-Customs dated 21.07.2015 providing for extension of last date of export by six months, for those cases where the last date of export falls between 01.2.2020 and 31.7.2020 due to the outbreak of COVID-19 pandemic.

Date: 21-05-2020
Notification No. 25/2020 - Customs
Inclusion of Gopalpur Port [INGPR1] as notified port for getting benefits under AA/ EPCG schemes and other export incentive schemes like MEIS/SEIS and other such schemes.

Date: 21-05-2020
Notification No.46/2020 - Customs (N.T.)
Exchange Rates Notification No.46/2020-Custom (NT) dated 21.05.2020.

Date: 21-05-2020
Notification No.10/2020-Customs (ADD)
Seeks to amend notification No. 27/2015-Customs (ADD) dated 1st June, 2015 to extend the levy of Anti-Dumping duty on acrylic fibres originating in or exported from Thailand for a further period of 6 months.

Date: 20-05-2020
Instruction No. 06/2020-Customs
Instruction Number 06 - Customs on Requirement of Veterinary Certificate

Date: 19-05-2020
Notification No. 45/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001