RCEP Risks Wiping Out India’s Solar PV Industry


RCEP Risks Wiping Out India’s Solar PV Industry

As solar tariffs are crashing and new project auctions have not many takers, solar module and cell makers in India are finding the going tough. If India becomes a signatory to the Regional Comprehensive Economic Partnership (RCEP), the Indian PV industry will get wiped out, fears industry.

While India is trying to add 20-25 GW every year to reach the solar target of 100 Gigawatt (GW) by 2022 and another long term goal of 450 GW in the distant future, the local module and cell manufacturing industry has not been able to create adequate capacities due to viability issues. No new big capacities came up in the past 5-6 years and the size of the domestic photo voltaic and cell manufacturing is only 9 GW and 3 GW respectively. Still India imports about 85 percent of the solar PV and cell requirements, said sources. Read more

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