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India's Solar Push |
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by Neha Swaminathan | 03-07-2015 14:28
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The Government of India is more concerned about creating jobs quickly and ensuring ample power supply which often sees blackouts. India's solar panel makers can no longer turn to the Indian government for help in protecting them by making the international products less competitive through customs duties etc.
India has recently removed restrictions on where solar equipments are sourced. India's $100 billion push into solar energy over the next decade will be driven by foreign players with an aim to make the technology and manufacturing competitive. Last year, it dropped an anti-dumping duty on panel import. This will lead to foreign companies making panels in India.
China?s Trina has disclosed plans for a $500 million plant and US-based SunEdison is investing $4 billion in creating manufacturing facility. Both are tying up with Indian power firms to build the plants. Last week, Softbank from Japan announced an investment of up to $20 billion. It would consider making solar panels with Taiwan's Foxconn in India. India has said it expects peak power demand to double over the next five years from around 140,000 megawatts today. To help meet that demand, 100,000 MW of new capacity is to come from solar panels.
As for some of India's small panel makers, they are looking to complement the efforts of foreign players instead of trying to derail them. Foreign players making panels in India are expected to compete with local manufacturers to fulfil the domestic content requirements for government projects. |
 
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7 Comments
Thank you for the informative posting Neha :D Great to hear that India put a strong drive toward renewable energy resources. When I visited India, it was really sunny. India has strong sun-rays and broad space to install the solar-panels. I hope to see its popularization soon in India.
Posted 08-07-2015 14:44
I am crossing fingers to India develop a lot solar power energy. Also, in Brazil we are working hard on that. Thanks on sharing mate!!! =)
Posted 05-07-2015 06:40
Yes, the canal project is a really impressive project which is not only green but also cost effective...Solar power must be used for the tropical countries like India
Posted 05-07-2015 03:47
The fact that a large country like India invests so much on renewable energy sources is very promising. Especially in India where there is so much sun solar panels must be really effective. Great report Neha!
Posted 04-07-2015 14:29
With massive 59% of India's energy demands being met by coal (non renewable and pollutive source), it is vital that India passes more and effective legislations and regulations to make renewable sources of energy available at affordable prices. This lifting of solar imports restrictions is one such move in right direction. Although it may not be a good news for India's solar panel makers yet it is a move in right direction as it will ensure ample power supply to residents with good portion from solar energy.
Posted 04-07-2015 01:50
At 29%, this is great and the first solar power project... this is simply amazing! I am glad that India is making great effort to help make the world a "Greener" Planet
Posted 04-07-2015 01:37
Solar energy being boosted in neighbourhood. What an idea!!
I do hope for the proper cordination of international nd nation corporates
thanks for the news Neha
Posted 03-07-2015 16:36