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India's Solar Industry Faces Tariffs, Seizes Global Opportunity

4/4/2025

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Summary

India's Solar Opportunity

India's solar industry grapples with a 27% export tariff to the US, threatening its competitiveness. Yet, this could turn into an opportunity as higher tariffs on Southeast Asian rivals may redirect demand towards Indian products. With expanding domestic capacity, India is poised to solidify its foothold in the global solar market.

Summary

India's Renewable Surge

India celebrated a remarkable achievement in FY 2024-25, boosting its renewable energy capacity by 25 GW—a stunning 35% rise from last year. Solar power spearheaded this surge, surpassing 100 GW in installed capacity. Meanwhile, the Green Hydrogen sector flourished, fueled by robust government incentives for electrolyser and production projects, paving the way for a sustainable future.

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India's Solar Opportunity

India's solar industry grapples with a 27% export tariff to the US, threatening its competitiveness. Yet, this could turn into an opportunity as higher tariffs on Southeast Asian rivals may redirect demand towards Indian products. With expanding domestic capacity, India is poised to solidify its foothold in the global solar market.

1 / 2