Tuesday, May 8, 2012

As China dumps in India's solar market, domestic industry shrivels

New Delhi, May 6 (IANS) India's National Solar Mission may be offering huge opportunities to global players but the domestic solar industry is bleeding owing to poor policy and stiff competition from foreign companies, especially the Chinese.

The National Solar Mission is a major initiative of the Indian government to promote ecologically sustainable growth while addressing the country's energy security challenge. Launched in 2010, it sets a target of 1,100 MW during the phase I by 2013 and 20,000 MW of installed solar generation by 2022.

The picture looks rosy when one looks at the growth of the solar energy market in India in the last two years and the vast potential the sector offers due to an abundance of sun (a good 300 solar days annually). Read More