India is working on an ambitious target to increase its solar power generation capacity to 100 Gigawatt by 2022 but the effort is supported by a dismal 3 Gw local manufacturing base for solar cells and 9 Gw for panels. This mismatch fuelled imports of cheap solar components worth over Rs 80,000 crore in the past five years, mostly from China.
So, how long before India develops a domestic base of manufacturing capacity that is able to significantly replace the solar imports, if not eliminate them completely? Not in a long time, a detailed ETEnergyworld analysis of expert opinion and data on projections of local demand, capacity creation and imports shows.
Despite a huge increase in solar power capacity, the country may struggle to meet the target of 100 GW by 2022 owing to a host of issues including imposition of ceiling on tariffs, cancellation of tenders and tariff renegotiations Read More
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