Overview
- Commerce set a 125.87% preliminary countervailing duty on Indian solar cells and modules, 86%–143% for Indonesia, and about 80.67% for Laos, with company‑specific rates including Mundra Solar at 125.87% and Indonesia’s PT Blue Sky Solar at 143.3%.
- The case followed a petition by the Alliance for American Solar Manufacturing and Trade, and concurrent anti‑dumping and ITC injury investigations continue toward a July 6, 2026 final determination.
- Indian solar shares fell after the announcement, with Waaree Energies down as much as 15% and declines also hitting Premier Energies and Vikram Solar.
- Multiple reports say the steep India rate reflects the use of adverse facts available after Adani Group’s Mundra Solar entities withdrew or did not cooperate as mandatory respondents.
- Planned India–U.S. trade discussions were postponed, while analysts cautioned the levies could shut Indian suppliers out of the U.S. market and increase costs for developers and consumers.