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
Latest posts by ET Energy World (see all)
- India to launch rules to end gas distributors’ monopoly in 34 cities - July 16, 2019
- India’s renewable energy capacity crosses 80-GW mark, says R K Singh - July 16, 2019
- Gujarat, MP spar over power generation - July 16, 2019