Climate Changed
China New Solar Policy May Delay India's Panel-Making Plans
- India issued tender in May to build 5GW of solar manufacturing
- Response may be muted as Indian manufacturing costlier: BNEF
Photographer: Dhiraj Singh/Bloomberg
This article is for subscribers only.
India’s efforts to build out solar power equipment manufacturing capacity may be set back as China’s recent policy shift is expected to trigger a global equipment supply glut and price crash.
An auction for building new capacity scheduled for September by state-owned Solar Energy Corp. of India “can be delayed depending on global cues,” said Managing Director J.N. Swain, referring to the impact of China’s decision last week to withdraw some state support for projects, undercutting demand in the world’s biggest renewable power producer.