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Safeguard Duty drags India's solar target down this year as imports fall

With project developers cutting down on projects, heat is felt by panel manufacturers as well

Topics
solar power projects | Solar panels | India's solar energy

Shreya Jai & Subhayan Chakraborty  |  New Delhi 

Lanco Solar
Lanco Solar

India’s project award took a back seat in the current year because of imposition of Safeguard Duty on imported solar panels, last year. With uncertainty looming over them, project developers stalled the purchase of solar panels, hurting the domestic industry even more. Due to slowdown in imports also, the targeted tendering capacity is likely to be missed this year.

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First Published: Wed, December 04 2019. 11:39 IST
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