India’s Solar Panel Import Bill Could Hit $30 Billion

India could end up paying $30 billion annually for imported solar panels if it is to hit its 2030 capacity target of 500 GW in wind and solar. The forecast comes from a local think tank, the Global Trade Research Initiative, which said such a path would deepen the dependence of the country on its neighbor China, the Business Standard reported. The think tank added that building its own solar components supply chain at home would be a challenge, requiring substantial investment, especially in polysilicon and wafers, ET Energy World noted in a report.…