28 Nov '16, 7am

Mercom Capital: Indian solar PV exports grow 66 percent Y/Y; Imports up 5 % in the first five months of FY 2016

From April to August 2016, import and export activity worth USD 808 million was registered in the Indian solar sector, according to Mercom Capital (Austin, TX, U.S.). During the five-month period, India exported solar photovoltaic (PV) modules and cells worth USD 45 million, and imported PV modules and solar cells worth USD 763 million. Compared to the same period in 2015, exports have increased by 66 percent and imports have grown by 53 percent. China accounts for 85 percent of India’s total solar imports China continues to be the single largest exporter of solar cells and PV modules to India accounting for 85 percent of India’s total solar imports. Cheaper Chinese components have led to the growth in imports, Mercom notes. Malaysia is the second largest exporter to India accounting for a 9 percent share of India’s overall imports. To achieve the target of 100 GW solar by...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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