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    Home > Chemicals Industry > International Chemical > China's new photovoltaic policy is introduced, and the Indian solar market benefits

    China's new photovoltaic policy is introduced, and the Indian solar market benefits

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    China, the world's largest solar market, has announced a new photovoltaic policy
    that has shaken the world.
    Industry insiders believe that the Chinese government's photovoltaic policy will benefit
    neighboring India.

    India had previously set a target of 175GW of renewable energy capacity by 2022, of which 100GW came from solar
    .
    According to the latest news, the Indian government raised its renewable energy capacity target for 2022 to 227 GW
    .

    However, the country currently has a total solar capacity of 22 GW
    .
    As China slows down its solar industry, this could lead to a decline
    in the global cost of solar panels.
    Nearly 90% of the solar panels in the Indian market come from imports, most of which come from China
    .

    Amit Kumar, PwC's cleantech partner, commented, "If the Chinese market slows down, it means that manufacturing capacity in the region will be available for the global market, which will have an impact
    on cost reduction.
    If the availability of solar cells increases, costs fall, tariffs will come down, which is a positive sign
    .

    Last year, solar projects accounted for nearly 40 percent
    of India's new energy generation.
    India's domestic solar electricity prices have also fallen, hitting record lows, and solar energy is already cheaper
    than coal power.

    China, the world's largest solar market, has announced a new photovoltaic policy
    that has shaken the world.
    Industry insiders believe that the Chinese government's photovoltaic policy will benefit
    neighboring India.

    solar energy

    India had previously set a target of 175GW of renewable energy capacity by 2022, of which 100GW came from solar
    .
    According to the latest news, the Indian government raised its renewable energy capacity target for 2022 to 227 GW
    .

    However, the country currently has a total solar capacity of 22 GW
    .
    As China slows down its solar industry, this could lead to a decline
    in the global cost of solar panels.
    Nearly 90% of the solar panels in the Indian market come from imports, most of which come from China
    .

    Amit Kumar, PwC's cleantech partner, commented, "If the Chinese market slows down, it means that manufacturing capacity in the region will be available for the global market, which will have an impact
    on cost reduction.
    If the availability of solar cells increases, costs fall, tariffs will come down, which is a positive sign
    .

    Last year, solar projects accounted for nearly 40 percent
    of India's new energy generation.
    India's domestic solar electricity prices have also fallen, hitting record lows, and solar energy is already cheaper
    than coal power.

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