How can India overcome its dependence on China's solar industry?

India must overcome its dependence on China’s solar industry while maintaining momentum toward its renewable energy targets. India has made significant strides in scaling up solar capacity, but local solar manufacturing is still nascent.

Why are India's ambitious solar goals at risk?

Ambitious targets set for India’s solar industry are at risk due to over-reliance on Chinese imports. India has set an ambitious renewable energy goal of 500 GW by 2030. With solar power poised to play a central role, the challenge of reducing dependency on imported solar equipment, particularly from China, has become increasingly critical.

Can India build a resilient and competitive solar industry?

The road to energy independence is long and fraught with obstacles, but with the right policies and investments, India can build a resilient and competitive solar industry that contributes to a sustainable future. To receive the best of Policy Circle in your inbox, Click here to subscribe to our weekly newsletter.

Does India have a solar industry?

India has made significant strides in scaling up solar capacity, but local solar manufacturing is still nascent. At present, the country depends on imports for nearly 80% of its solar equipment, with China supplying over 60% of these imports.

Why is India's solar energy industry at a critical juncture?

India’s solar energy industry is at a critical juncture. While the country has made impressive progress in scaling up its solar capacity, its reliance on Chinese imports poses significant challenges to achieving energy security and meeting its renewable energy goals.

Why does China Import solar equipment?

At present, the country depends on imports for nearly 80% of its solar equipment, with China supplying over 60% of these imports. This reliance is largely due to China’s dominance in the global solar supply chain, controlling 97% of polysilicon production and 80% of solar module manufacturing.