The mystery of India’s new solar tariffs ...Middle East

On April 1, India slapped tariffs on solar cells and modules. This wouldn’t be newsworthy except that India made these tariffs out of whole cloth. This is as audacious as protectionism gets. Tariff hikes in India are not uncommon. Over the last eight years, Prime Minister Narendra Modi has increased 3,000 tariffs, hitting 70 percent of the country’s imports. Tariffs are front and center in Modi’s drive to make India more economically “self-sufficient.” They also add central budget revenue. But even against this backdrop, the new solar tariffs are striking. Like many countries, India is keen on renewables. Modi hopes to produce half the nation’s electricity from renewables by 2030, m

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