Asia Report: US Accused of Killing India's Solar Energy Industry

Asia Report: US Accused of Killing India's Solar Energy Industry | Renewable Energy News Article

renewableenergyworld.com 21 Aug '12, 7pm

Asia Report: US Accused of Killing India's Solar Energy Industry

India’s national solar mission specifically states that crystalline photovoltaic projects must use India-manufactured products, while thin-film projects can use parts from other regions. The Ex-Im bank is taking advantage of this rule by offering low-interest loans to Indian solar project developers that use U.S.-manufactured solar cells and panels, according to CSE. “The major beneficiaries in this case have been American producers such as First Solar and the now bankrupt Abound Solar,” according to the CSE report. India’s domestic solar industry is now in a dangerous state, says the report, with 30 percent facing closure due to low demand. “The U.S. is engaging in a similar practice [as China had] in India by subsidizing loans for buying American equipment," said Kushal Yadav, head of CSE's Renewable Energy team to UPI.com. IN THE NEWS Japan’s IHI Corp. Plans To Convert ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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