印度光伏遭“精准打击”！美征收125.87%重税，阿达尼系全军覆没

Group 1 - The U.S. Department of Commerce has imposed a countervailing duty of 125.87% on imported crystalline silicon solar cells from India, affecting all Indian exporters and doubling the cost of Indian photovoltaic products in the U.S. market, eliminating their price advantage [1] - Adani's subsidiaries, Mundra Solar Energy and Mundra Solar PV, are significantly impacted by this ruling, being labeled as the "hardest hit" by the sanctions [1] - The sanctions are not limited to India; Indonesia shows a stark differentiation in tax rates, with PT Blue Sky Solar facing a rate of 143.30% and PT REC Solar Energy at 85.99% [3] Group 2 - Laos has the lowest tax rate among the three countries at 80.67%, but the reliance of its solar industry on the U.S. market means this rate will still eliminate its cost advantages, directly impacting Chinese solar companies operating in Southeast Asia [3] - India's solar cell exports to the U.S. have surged from 232.4 million watts in 2022 to 2.3 billion watts in 2024, a growth attributed to "tariff evasion" behavior, which triggered the U.S. investigation [3] - Notably, Adani's Mundra Solar PV and Mundra Solar Energy withdrew from the investigation after submitting an initial response, suggesting a possible abandonment of resistance [3]