US Accused of Killing India's Solar Energy Industry
By
Renewable Energy World Editors
August 21, 2012 New Hampshire, U.S.A. -- The United States is killing India's domestic solar industry, according to some industry analysts. New Dehli's Center for Science and Environment (CSE) released a report Friday stating that the U.S. Export-Import Bank and Overseas Private Investment Corp. is using a $30-billion fund, fast start financing, set up by the U.N. Framework Convention on Climate Change intended to help developing countries overcome climate change difficulties. India’s national solar mission specifically states that
crystalline photovoltaic projects must use
India-manufactured products, while thin-film projects can
use parts from other regions. The
Ex-Im bank is taking advantage of this rule by offering
low-interest loans to Indian solar project developers that
use U.S.-manufactured solar cells and panels, according to
CSE.
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