Modi’s Solar Bet Threatened by Duties: Corporate India
This article is for subscribers only.
The Indian government may strangle Prime Minister Narendra Modi’s efforts to reap more electricity from the sun should it impose duties on solar panel imports proposed by the nation’s previous administration.
Only a quarter of the 1.6 gigawatts of solar capacity in the works now will be finished if the levies are enacted, said Headway Solar Pvt., an industry consultant based in Gurgaon, near New Delhi. The tax would double the cost of solar power, according to the Solar Power Developers’ Association.