India and China will be two of the most dynamic solar markets in the world over the next decade. As the largest supplier and installer of solar modules and inverters, China will continue to drive global pricing. China had installed a record 34GW of installations in 2016.
India has set a goal of having 175 GW of renewable capacity by 2022 with 100 GW of that total coming from solar, according to Raj Prabhu, CEO of Mercom Capital Group. Currently, India has only 7.5 GW of solar. As a result, developers need to plant 13 GW of panels every year for the goal to be achieved.
An India-China business and investment meet be held as part of the India Solar Week event to showcase and discuss commercial and technological business opportunities in both the countries. It is a unique initiative bringing together economic, commercial and technological aspects and intends to display a truly Indian experience in the event beginning on 21Jun 2017.
Its main focus would include solar energy products, new energy technologies, energy storage solutions and other relevant technolgies for large utility scale solar projects. The event is expected to be attended by senior representatives of 30 leading Chinese companies.
The Indian companies would also be introducing the latest investment opportunities in India in the solar sector under the Make in India programme.
Along with an exciting panel discussion, a series of B2B meetings have also been planned for participating Indian companies with their Chinese counterparts.