Notwithstanding the economic slowdown, several countries across the globe are engaged in a bitter fight for firmer control over solar energy - a key energy source in future.
The epicentre of the war is China, which has flooded the global market with its cheaper variants of solar equipment. However, the major economies are trying to hit back using trade restrictions.
The year 2012 witnessed the US announcing its anti-dumping tariff against Chinese manufacturers, which was followed by the European Union’s restrictions against Chinese solar equipment. But China hit back soon after with the announcement of its own anti-dumping case against the poly-silicon suppliers from the US, EU and South Korea.
Now, India has also been hit by this syndrome.
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