echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > India's $1 billion aid to Africa The Sino-Indian solar trade war may expand to the African market

    India's $1 billion aid to Africa The Sino-Indian solar trade war may expand to the African market

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Following the first summit of the International Solar Alliance held recently in New Delhi, the Indian government announced $1 billion in assistance
    for the implementation of solar projects in several African countries.

    India's Ministry of External Affairs has developed guidelines to provide $1 billion in assistance for 23 projects in
    13 African countries.
    These countries include Benin, Burkina Faso, Chad, Mali, Niger, Togo, Guinea, Democratic Republic of the Congo, Ghana and Nigeria
    .

    The International Solar Alliance was proposed by Indian Prime Minister Narendra Modi and launched in 2017 at the Climate Change Summit with the French government to support the installation of 1,000 GW of solar power capacity worldwide by 2030, which is also in line with India's strategic vision for renewable energy
    .

    Industry insiders also pointed out that funding solar projects in African countries would put India in direct competition with China, which has a long
    history of funding energy projects in Africa.

    Indian media said that Indian manufacturers will provide solar modules, which may be cheaper than Chinese manufacturers
    .
    If this is indeed the case, it will extend the trade war between Indian and Chinese solar cell and module manufacturers to the African continent
    .

    By providing credit lines to African countries, India will not only be able to achieve its strategic goals, but will also open up new markets
    for weak domestic solar module manufacturers.
    Not long ago, it was reported that the Indian government will allow Indian solar companies to set up offices in other countries, with the goal of achieving faster and easier implementation
    of solar energy policies and infrastructure.

    Following the first summit of the International Solar Alliance held recently in New Delhi, the Indian government announced $1 billion in assistance
    for the implementation of solar projects in several African countries.

    solar energy

    India's Ministry of External Affairs has developed guidelines to provide $1 billion in assistance for 23 projects in
    13 African countries.
    These countries include Benin, Burkina Faso, Chad, Mali, Niger, Togo, Guinea, Democratic Republic of the Congo, Ghana and Nigeria
    .

    The International Solar Alliance was proposed by Indian Prime Minister Narendra Modi and launched in 2017 at the Climate Change Summit with the French government to support the installation of 1,000 GW of solar power capacity worldwide by 2030, which is also in line with India's strategic vision for renewable energy
    .

    Industry insiders also pointed out that funding solar projects in African countries would put India in direct competition with China, which has a long
    history of funding energy projects in Africa.

    Indian media said that Indian manufacturers will provide solar modules, which may be cheaper than Chinese manufacturers
    .
    If this is indeed the case, it will extend the trade war between Indian and Chinese solar cell and module manufacturers to the African continent
    .

    By providing credit lines to African countries, India will not only be able to achieve its strategic goals, but will also open up new markets
    for weak domestic solar module manufacturers.
    Not long ago, it was reported that the Indian government will allow Indian solar companies to set up offices in other countries, with the goal of achieving faster and easier implementation
    of solar energy policies and infrastructure.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.