India has always been a major player in installing solar panels, but until recently, most of those panels were imported. Now, we are seeing a dramatic shift. As Solar Insights recently reported with news of massive capacity additions, India is racing to become a global leader in manufacturing solar technology. This change is vital for our energy security and our economy.
The Previous Import Problem For years, over 80% of India’s modules were imported. While this allowed us to quickly build large solar parks, it made us vulnerable. If global prices rose, our project costs went up. We also missed out on creating thousands of manufacturing jobs. This is why the change is so important.