Solar module exports rises 116% in April-July Back to News & Events List


Indian exports of solar modules and cells rose 116% during April-July 2016 and touched $41 million. During that same period India imported modules and cells worth $580 million, up 52 % compared to the same four-month period (April-July) of 2015.

China is the single largest exporter of solar modules and cells to India, accounting for 82% of India’s total solar imports. Malaysia is the second largest exporter to India, accounting for a 12% share of India’s overall imports.

“Currently, United States accounts for only 1% of India’s total solar imports and it remains to be seen if imports from U.S. will increase after the recent ruling from the World Trade Organization (WTO) is enforced, which found India’s domestic content requirement discriminatory against U.S. manufacturers,” said Priyadarshini Sanjay, managing director Mercom Communications India.

The United Kingdom imported the largest amount of Indian solar modules and cells, accounting for 34.1% of India’s total solar export. Italy accounts for 11.4% of India’s solar exports and is closely followed by China with 10.7%. 

According to Mercom’s India Solar Project Tracker, cumulative installations in India at present stands at 8.6 GW. 

“In order to reach the goal of installing 100 GW by 2022, developers will have to continue importing cheaper cells and modules to be able to compete in hypercompetitive auctions and build projects that yield decent returns,” said Raj Prabhu, CEO of Mercom Capital Group.

Original Source: economictimes.indiatimes.com


Recent News


24

10/2017
Kandla Port gets green nod to develop Rs 1,176 crore smart city

State-owned Kandla Port Trust has received environment clearance for setting up a Rs 1,176-crore smart industrial port city in KutchBSE 4.96 %, Gujarat, a senior official said....

14

10/2017
Reforms undertaken by India significant: World Bank chief

The reforms undertaken by Prime Minister Narendra Modi have been significant and the results would be reflected in the mid and long-term growth figures, the World Bank chief sa...

13

10/2017
Indo-Bhutan trade infrastructure to have large scale upgradation

To ensure seamless trade of Bhutan with India and other third parties, India is further widening its door for Bhutan.    Development and upgradation of n...

12

10/2017
Govt to focus on setting up mini food processing units

The government is focussing on creating mini food processing units across the country to encourage farmers to produce high-quality farm output, Food Processing Industries Mini...