How long before India achieves self-sufficiency in sourcing solar power equipment?


How long before India achieves self-sufficiency in sourcing solar power equipment?

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.

STEEP TARGET

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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