China, the world’s clean energy juggernaut, stands for a rival next door. And one of the top customers, no less.
India, a large copper of Chinese solar panels and batteries for electric vehicles, uses a series of government stimuli to make more green equipment at home. It is not only driven by the need to meet the galloping energy requirements of his 1.4 billion people, but also to cash in other countries that want to free their energy equipment chains, not in the least the United States.
India remains a small and slow participant. Last year it produced around 80 gigawatts of solar modules, while China produced it more than 10 times. India is still bound by coal, the dirtiest fossil fuels: Coal is the largest source of electricity and India is planning to so up.
But India tries to benefit aggressively from a worldwide energy transition and a recoil against the Chinese dominance of new energy technologies.
In the hope of stimulating a flourishing of clean energy, the government offers lucrative subsidies for locally produced solar cells and batteries, and limits foreign products in its largest renewable energy projects. For example, in order to redeem government contracts to install on the roof on the roof for 27 million households at the end of this decade on the roof, companies have to make the panels at home.
For New Delhi there are social, economic and geopolitical imperatives. China is the most formidable rival – the two countries have in the past war over border conflicts – so the search of India to build solar, wind and electric vehicle factories has been partially designed to secure its energy supply chain. At the same time, India wants to create well -paid production paths.
Nevertheless, India confronts a dilemma with which many other countries are confronted: either buy renewable energy technologies as cheaply as possible from China, or spend more to make the goods at home.
“Strategic, to ensure that we have energy dependence, we must have the production capacity,” said Sudeep Jain, extra secretary in the Indian Ministry of New and Renewable Energy. “Currently, yes, there is a cost arbitration.”
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