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The global growth and advancement in renewable energy technologies has gathered much attention lately. Literature has also complimented such efforts and recognized the continually rising significance of greener technologies; as a solution to the long standing sustainability issues.
To cater the robust manufacturing practices in solar industry, the nations of the world have been beaming heroically. The daunting challenges of this self-reliance, in domestic manufacturing, were successfully overcome by countries, namely China and Germany, stocking command over the solar sector growth across the globe. Indian government also made several attempts since the initialization of Jawaharlal Nehru National Solar Mission (JNNSM) for complying with the expanding and evolving renewable energy sector for solar sources; through up-gradation of the solar technologies. This marked the beginning of a new era for India, yet with many unidentified challenges and complexities. Overtime, policies saw both success and failures; however a disinterest from manufacturers and developers was unexpected and fascinating. The reasoning might have ties with the underutilization of solar power domestically, that impaired the indigenous production possibilities of solar panels; causing import dependence on abroad. Moreover, the belief was kinked and caused commotion for policy-makers. Motivated from these unresolved beliefs certain barriers required undivided observation and scrutinisation.
While this study enlightens on the formidable challenges, posed by such barriers to indigenous manufacturing of solar PV cells and modules, for the Indian economy, the underlying complexities stemmed. Further, an appalling revelation towards the flow of causality from Policy Barriers to technology, financial and general barriers channelized the discussion on finding optimal solutions, in terms of instruments, interventions and institutions. These debates over the cavities present in the regulatory framework, sets the stage for novice and upcoming policy-trio, which includes BCD, PLI and ALMM. This intuitively implied that an optimal approach to overcome the tradeoff will help to catapult the growth of solar sector with a targeted shot at the supply value chain of solar panels, an instrument for producing consumable energy.
Keywords: Solar PV, Barriers, PLI, ALMM, BCD, JNNSM.
