India weighs petitions on mandate for domestic solar cells
India's clean energy ministry is reviewing petitions from solar manufacturers and developers regarding a new mandate for domestically made solar cells. This rule, set to take effect in June, could lead to a significant shortage, increased prices, ...
Here are some details:
A severe shortage of solar cells looms as new rules from June mandate the use of domestically made cells in solar panels, Reuters reported this week.
Such mandatory use would drive up prices of solar panels and delay projects, manufacturers have warned the ministry.
India's domestic cell manufacturing capacity of about 25.6 gigawatt falls short of annual demand of roughly 50 GW, with imports from China supplying more than 90%, the industry says.
"Both manufacturers and developers have petitioned on both sides, which are under examination," the ministry said, without elaborating or giving a timeframe for a decision.
India's tighter local sourcing rules are part of a push to build domestic clean energy supply chains and meet a net-zero emissions target by 2070.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.