Profile picture: Photovoltaic power station photographed near the city of Hyderabad in southern India.
U.S. media said that India hopes to become a big solar energy country and that it will produce enough energy for more than 16 million households by 2022. But at this time, India’s plan to levy a 70% tariff on imported solar panels has led to a split in the country’s solar energy industry.
According to the report of CNN on March 10, solar panel installation companies said that these tariffs may stifle any hope of achieving the 2022 target.
Sunil Kurkani, who is in charge of the renewable energy business at Spurpuri Palange, India, said that the import tax may increase solar electricity prices by 45%.
Kurkani said: 'These tariffs will hurt the industry.'
The report stated that his company had already expressed an objection to these tariffs to a court in India. The court suspended the implementation of the tariff pending the verdict.
Reported that India's solar energy production capacity is about 16 gigawatts. According to Indian Prime Minister Modi's plan, India's production capacity should be raised to 100 gigawatts by 2022.
Guy Tan Mehta, founder and chief executive officer of Laish Solar Infrastructure, said: 'Tariffs will endanger the entire plan.' He added: 'India does not have considerable manufacturing capabilities to achieve our goals.'
According to the report, Vinay Rustarchi, head of India Bridge Consulting Co., Ltd., said that 70% of tariffs will be 'catastrophic'.
