Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Indosolar Wins 60-Megawatt Solar Order From Azure Power

June 13 (Bloomberg) -- Indosolar Ltd., India’s largest solar cellmaker by capacity, won a 60-megawatt order under a program that’s drawn a U.S. complaint at the World Trade Organization.

Azure Power India Pvt., a developer backed by the International Finance Corp., will use the cells in two solar power projects awarded in a February auction that must be built using locally made equipment, according to an e-mailed statement from Indosolar today. Chief Executive Officer Inderpreet Wadhwa didn’t respond to an e-mail and phone call seeking confirmation of the order.

India has required about 10 percent of new photovoltaic projects in the past year to use domestically made solar cells and modules. Washington lodged a complaint at the WTO, calling the rule an “unfair barrier to U.S. exports.”

The rule is intended to help domestic solar manufacturers, which idled 70 percent of their capacity in the past few years, unable to compete in a global market during a four-year supply glut. Separately, India’s Ministry of Commerce & Industry on May 22 recommended anti-dumping duties ranging from 11 cents to 81 cents per watt on solar imports from the U.S., China, Malaysia and Taiwan.

New Delhi-based Indosolar will start up 200 megawatts of production and complete installation of an additional 250 megawatts in manufacturing capacity by the end of this year, it said today. Tata Power Solar Systems Ltd., another domestic maker, expanded production capacity last month.

To contact the reporter on this story: Natalie Obiko Pearson in New Delhi at npearson7@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Randall Hackley, Alex Devine

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.