Photo: Abhijit Bhatlekar/MintNew Delhi: India’s solar power sector may benefit from the US President Donald Trump’s decision on Monday to levy tariff on imported solar panels. In what will impact Chinese module manufacturers, Trump whose presidential campaign and term has been built around growing American manufacturing, imposed a 30% tariff on imported solar cells and module in the first year, with the duties declining to 15% in the fourth year. Of China’s solar module manufacturing capacity, estimated to be around 70GW per year, the major markets are the US, India and China itself. However, some believe that the real impact on the US decision will be felt on India’s trade investigation process. Major Chinese solar module manufacturers include Jinko Solar, JA Solar Holdings, ET Solar, Chint Solar, GCL-Poly Energy Holdings Ltd and Trina Solar Ltd.

Source: Mint January 23, 2018 06:33 UTC