Longi Takes Shorter Route to Access Indian Solar Power Market — Panjiva
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Longi Takes Shorter Route to Access Indian Solar Power Market

China 3048 Energy - Renewables 205 India 551 Tariffs 1866

Longi Solar, a China-domiciled renewable power equipment maker, will invest $309 million to expand manufacturing in India. That’s partly a response to “Make In India” tariffs that are becoming increasingly common across manufacturing. Indian imports of solar power equipment slowed in December ahead of the new tariffs, falling 3% on a year earlier. Chinese manufacturers have dominated the market, taking a 93% market share in 2017 overall as they squeezed out Malaysian producers. Chinese supplies have continued to expand, with a 9.1% increase in December. Yet, Longi had just a 0.5% share o...

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