Funding for Solar Sector Slipping Steps

The government policies including anti-dumping and safeguard duties on solar photovoltaic cells and modules received a mixed review in the industry. The investments and capacity both fell. The funding for the solar sector fell about 65 percent from USD 5.7 Billion at the end of fourth quarter of 2017 to USD 2 Billion in three months ending on 31 March.

The capacity will face a depreciation of about 40 percent. In figures, it comes out to be 4 GW to 4.5 GW in the current financial year according to the ICRA, which is a research and rating agency. It is a result of the slowdown in the tendering and project activity.

The things took an uncertain turn when the Indian Solar Manufacturers Association(ISMA), the representative body of the domestic manufacturers of solar cells, modules, and panels approached Directorate General of Anti-Dumping and Allied Duties (DGAD), requesting an imposition of a duty on importers of cheap solar inputs.

The anti-dumping investigation on solar modules and cells imported from China, Taiwan, and Malaysia in July 2017 was withdrawn in March 2018. A fresh plea seeking an extend the period of an investigation after a steep increase in the Solar imports in the second half of 2017.

This is clearly the inflection point and the government must use its solar programme to develop a manufacturing base in India to compete with global markets.

Source: Indian Climate Dialogue

A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

About Energy Log Staff

A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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