China To Bring Sun To India

India’s solar dreams, too, are made in China

Soumya Sarker, August 17, 2016 (Quartz India)

“The Indian solar energy sector is in the middle of unprecedented growth, fed by rapidly declining tariffs, improved technology and a global oversupply of photovoltaic (PV) panels and other material, mainly in China…[Though smaller than the US, China or Japan, India’s market is expanding the fastest…India expects to add as much as 5.4 GW [to its 7.8 GW]of solar capacity in 2016, making it the fourth-largest solar market globally…[The US installed capacity] is 25 GW…The local industry cannot cope with the recent surge in demand so Chinese imports are inevitable…[A number of new plants are being planned but until] that happens, it is likely that the extraordinary growth of the Indian solar energy sector will be fuelled by imports, mostly from China…” click here for more

click to enlarge

Tweet