Can Indian solar manufacturers sell at higher prices abroad?

While Indian solar manufacturers can sell at higher prices abroad, ambitious domestic clean energy targets and domestic demand will help them find buyers within India if sales in the U.S. slow, analysts said. "This is a huge industry that can absorb these modules and cells that are being produced.

Why is India importing solar modules from China?

Before the U.S. tariffs were announced, researchers with IEEFA and Gurugram, India-based JMK Research wrote that India's demand for solar modules during the next two years could exceed what its manufacturers are selling within the country because so many are being exported. India has also been importing solar modules from China.

Are Indian companies ready to ramp up solar manufacturing?

Government policies restricting imports of solar components, incentives for solar manufacturers and mandates for solar power producers to purchase material from government-approved sources gave Indian companies the right signals to ramp up solar manufacturing, said Sanjay Verghese, ReNew's group president for solar manufacturing and solar projects.

Does India's solar industry face a tougher sell to US customers?

India's solar industry must also contend with a tougher sell to its biggest foreign customer, the United States. President Donald Trump's tariffs of 50% on Indian goods took effect last month, while Trump's administration and Republican lawmakers have taken other steps to hinder U.S. adoption of solar and other clean energy.

Why is India expanding its solar manufacturing capabilities to compete with China?

India is aggressively expanding its solar manufacturing capabilities to compete with China, driven by government support and growing domestic demand. ReNew's factory in Jaipur exemplifies this push, contributing significantly to India's clean energy transition.

Why does India sell solar power to its own citizens?

India, the world's most populous nation, is jockeying for market share against the global leader in solar in part by selling to its own citizens, which helps the country with its other goal: meeting growing domestic demand for electricity.