Decoupling the Green Future: India’s Renewable Sector and the Trump Tariff Shock
- Tariff Impact: Imported solar modules witnessed a 10–15% price surge, while steel-intensive infrastructure became costlier, delaying utility-scale solar projects.
- Import Dependence: Nearly 80% of solar modules and 60% of inverters were sourced from China in 2024, with negligible U.S. share.
- Policy Response: India has intensified its Production Linked Incentive (PLI) schemes to promote domestic manufacturing of solar PV modules, advanced batteries, and wind equipment.
- Strategic Goal: Despite tariff-induced headwinds, India remains committed to achieving its 500 GW non-fossil capacity target by 2030.
While the U.S. tariffs created temporary cost pressures, they have accelerated India’s path towards self-reliance, innovation, and climate resilience. The government and industry stakeholders continue to work in tandem to ensure that the nation’s renewable transition remains on track.
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