Markets & Policy

Value of Indian PV imports tanked 83% in second quarter

Mercom India Research has said the quarterly value of solar cell and module imports was down 83% in the second quarter of the year, compared to the same period of 2019, to sit 54% lower than the value recorded in the January-to-March window.
Erica Johnson
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Erica Johnson
Indian solar imports and exports tumbled during the second three months of the year. | Image: Bernard Spragg. NZ/Flickr

With more than 1.8 million cases, India accounts for 10% of the global Covid-19 count. National shutdowns have been accompanied by significant drop-offs in solar project development and industry supply chain challenges and workforce availability have been significantly affected.

Independent analysts such as the U.S.-owned WoodMac have projected pandemic-affected financing and support challenges could slow demand and investment and newly published quarterly data from Mercom India Research echoes those concerns – with the value of Indian solar imports in the April-to-June period reportedly down a huge 83% on the same period of last year.

To read the full story, please visit our pv magazine India site.

 

 

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  • Erica Johnson
    Erica Johnson
    Erica joined the pv magazine team in April 2019 as managing editor. In addition to leading the global editorial team alongside Jonathan and Becky, she focuses on solar+storage content, and manages the special publications business. She has more than a decade of experience working in the PV industry, supporting the energy transition across the public, […]
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This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].

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