recent taxes and duties levied on growing solar industry must be considered as the biggest challenge in path to India's transition.
Category: financial strategies
Safeguard Duty on Solar to cause 30% Decline in Demand
As one of the fastest growing economies, India decisively opted for solar development, understanding its potential to lift the country out of financial, social, and industrial darkness. The announcement of targeting 100 GW solar energy by 2022 evidently created an environment of urgency and brought forth a plethora of opportunities for industrial development. As a…
Innovation Is the Only Way to Boost Solar Revolution
A few years ago, Solar was considered experimental and was a niche industry in the huge sector of energy generation. It is important to note that in 1977, solar panels cost $77 per watt p. However, currently solar modules cost between $0.33-$0.36 cents/per Watt p, which identifies more than 99% fall in prices. Also In…