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OMERS Infrastructure Agrees to Purchase 19 4% Stake in Azure Power

OMERS Infrastructure Agrees to Purchase 19 4% Stake in Azure Power
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China solar gear makers threaten to scrap pacts

A war is brewing between Indian and Chinese firms over rooftop solar panels SECTIONS Share Synopsis China makes up 80% of the total imports for the Indian renewables industry. This figure balloons to 95%, when Chinese-origin companies operating out of Vietnam and Thailand are taken into account. The rest is fulfilled by Indian companies. Leading Chinese solar equipment manufacturers are once again threatening to pull out of supply contracts to Indian power developers, a second such instance in four months. Chinese solar manufacturing companies JA Solar, Trina Solar, and Risen Energy have threatened to pull out of existing contracts blaming the global commodity supercycle that has led to a surge in prices of polysilicon, the main raw material used in the making of solar panels.

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