Taxes slow India's solar power rollout but boost manufacture - News Summed Up

Taxes slow India's solar power rollout but boost manufacture


But like many other solar power projects in the country, it’s been delayed as Fortum India struggles to source and pay for necessary components. “For the last six months, we have not been able to finish developing any new projects,” said Manoj Gupta, who oversees Fortum India’s solar projects in India. The government says it wants to encourage the domestic manufacture of components required to produce solar power and reduce the country’s reliance on imports. But only 63 gigawatts of solar power were ultimately installed last year, according to Indian federal government data. Otherwise domestic manufacturing would have taken a strong root already,” said Gyanesh Chaudhary, vice chairman at Vikram Solar, an Indian solar manufacturer.


Source: The Nation January 30, 2023 08:26 UTC



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