Indian government cliffs Lema solar protection tariffs on the brakes 2018-09-18

The Indian government recently vetoed the relevant authorities' recommendations and decided not to impose protective tariffs on solar equipment imported from China and Malaysia.

 

According to reports, after the recent Supreme Court of Delhi ruled that the proposal for solar protection tariffs is not binding, Indian Renewable Energy Minister Anand Kumar has confirmed to the media that protection tariffs will not be implemented at present.

 

According to statistics, more than 90% of the equipment required by Indian solar power plant developers depends on imports. Previously, the Directorate General of Safeguard of the Ministry of Finance of India had recommended a 70% protection tariff on imported solar equipment, which made many developers worried that the future business could not continue.

 

Protective tariffs are like double-sided swords. Although they appeal to Indian solar equipment manufacturers, they will also increase the development cost of solar power plants. On the whole, as India is actively developing solar energy, increasing solar import tariffs can be said to do more harm than good.

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