According to developers who spoke to Mercom, unless India scales up its manufacturing capacity, cost of modules are not likely to come down.
The United Kingdom was the largest importer of Indian solar modules and cells, accounting for 36 percent of India’s total solar exports. According to Mercom’s Global Solar Forecast November 2016 Report, with budgetary cuts and no policy support, UK solar market is expected to decline. Italy accounts for 9 percent of exports, followed closely by China at over 8 percent.
Priya currently serves as the Publisher for MercomIndia.com. With more than a decade of experience working in corporate communications, research, and policy, Priya has deep roots in the Indian energy markets and is regularly in touch with policy makers and industry leaders. Priya received her bachelor’s degree from Vidya Vardhaka College of Arts in Bangalore, India for Political Science and Economics and completed her MBA from Bangalore University. More articles from Priya Sanjay.