India’s Solar Manufacturing Push Backfires as Panel Factories Shut Down

India ran into an obstacle in its ambitions to boost solar generation as local factories began to shut down because of component shortages, Reuters reported today, citing unnamed industry sources. The shortages are the result of new legislation seeking to reduce India’s dependence on solar technology imports from China and are putting investments worth some $4 billion at risk, the sources said. Since June 1, when the new legislation took effect, close to a third of India’s small and medium solar module makers have shut shop. The small…