India’s renewable energy goals may increase dependence on solar imports, GTRI warns
India’s target of installing 500 GW of renewable energy by 2030 could drive its annual solar equipment import bill to USD 30 billion, according to a report by think tank Global Trade Research Initiative (GTRI). The report emphasizes that without significant investments in developing a self-reliant solar manufacturing industry, particularly in polysilicon and wafer production, India may struggle to meet its ambitious goals and reduce import costs. India installed 15 GW of solar capacity in…