Solar surge

La Excellence IAS Academy

Solar surge

Current Affairs Daily Editorials

La Excellence IAS Academy | April 2, 2024 | Economy



Syllabus: GS-III, Subject: Economy, Topic: Industry and Industrial policies, Issue: Solar Industry

Context: Government policy to discourage imports of solar panels.

  • The policy requires solar module makers to undergo inspection by the National Institute of Solar Energy for certification.
  • Being on the approved list allows companies to compete for government tenders, including flagship solar energy programs.

Significance:

  • The creation of the list aims to reduce imports from China, which dominates 80% of the global supply.
  • Help in meeting 500 GW of electricity from non-fossil fuel sources by 2030, with at least 280 GW from solar power.
  • It will help domestic panel manufacturers who were losing orders to cheaper Chinese panels.

Conclusion:

  • Quality checks are crucial for domestic manufacturers, balancing cost and quality without compromising on nationalistic grounds.
  • The Indian solar industry should aim for growth and reputation as a high-quality exporter.

Source: The Hindu

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