Falling solar equipment prices, bulk module orders, and an expansion in domestic solar manufacturing capacity are driving a solar boom in India. The government can add further impetus if it tweaks domestic content rules.
A lack of clear policy support, raw material dependency, and higher production costs are inhibiting the localization of European solar manufacturing, despite strong demand.
The finance ministry has approved the proposal to levy the duty next year. Customs notification of the move will be issued at a later date.
Polycrystalline PV technology, which is seeing its market share tumble on the global stage, still dominates India’s small solar manufacturing base and is emblematic of the R&D shortfalls in the sector, according to a survey of the state of the industry.
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