India’s solar power sector may benefit from the US President Donald Trump’s decision on Monday to levy tariff on imported solar panels.
In what will impact Chinese module manufacturers, Trump whose presidential campaign and term has been built around growing American manufacturing, imposed a 30% tariff on imported solar cells and module in the first year, with the duties declining to 15% in the fourth year. However, Trump allowed tariff-free imports of 2.5 gigawatt (GW) of unassembled solar cells annually.
Modules account for nearly 60% of a solar power project’s total cost.