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The Indian government has extended an olive branch to Chinese photovoltaic companies
Release time:
2016-11-04
The 8th China (Wuxi) International New Energy Conference and Exhibition was held in Wuxi, Jiangsu Province. At the conference, K.nagarajNaidu, Director General of the Department of New and Renewable Energy of the Indian Ministry of External Affairs, extended an olive branch to Chinese photovoltaic companies, hoping that they would participate in India's new energy market. He also revealed that the Indian government would provide corresponding subsidies for off-grid photovoltaics and solar energy.
The 8th China (Wuxi) International New Energy Conference and Exhibition was held in Wuxi, Jiangsu Province. At the conference, K.nagarajNaidu, Director of the New and Renewable Energy Division of the Indian Ministry of External Affairs, extended an olive branch to Chinese photovoltaic companies, hoping that they would participate in India's new energy market. He also revealed that the Indian government would provide subsidies for off-grid photovoltaics and solar energy.
Affected by factors such as the rapid decline in tariff rates and the increasing level of technology, India's solar energy industry is in a period of rapid development. Data shows that India is expected to add 5,400 megawatts of solar power generation capacity in 2016, becoming the world's fourth largest solar energy market. Although its current market size is still smaller than that of the United States, China, and Japan, its development speed ranks first among several major market countries.
“In terms of solar photovoltaic manufacturing, India is not doing particularly well in production right now; many products are imported. Chinese companies have many good technologies, and their efficiency is also very good.” K.nagarajNaidu did not shy away from acknowledging his country's shortcomings in solar photovoltaic production.
Currently, India's total installed solar power capacity is 7,800 megawatts, and the Indian government plans to reach 100,000 megawatts by 2022. A previous report by an energy consulting agency shows that India has become a major new market for Chinese suppliers.
K.nagarajNaidu said, “India's current manufacturing capacity for solar energy equipment is about 7 megawatts per year, but the goal is 100 megawatts. India cannot meet the demand for such installed capacity with its own production capacity,” and needs partners from China. For companies that “help India manufacture photovoltaic products,” K.nagarajNaidu revealed that the Indian government will “provide a 30% subsidy for off-grid photovoltaics and solar energy.”
Wuxi is the largest photovoltaic industry cluster in China. In 2015, Wuxi's photovoltaic industry achieved a total output value of 46.79 billion yuan.
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