With India losing major solar markets to stiffer competition from cheaper products, it’s high time to change the game by playing on quality and innovation—according to Vikram Solar Chief Financial Officer Rajendra Kumar Parakh, who spoke to pv magazine on the challenge of shrinking markets before Indian solar manufacturers.
Having acted against Turkey, the Trump administration has removed India too from the list of nations exempt from import tariffs on solar cells and modules.
A flying start to the year saw huge volumes of solar cells and modules imported to India but the scale and value of such products fell over the remainder of 2018 and export figures mirrored that trend.
The nation saw 1.3 GW of renewable energy secured for business through private PPAs in 2018, almost twice as much as the volume recorded in Australia, but the picture could change next year if China follows through with its renewable portfolio standard commitment.
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