Chinese solar products manufacturer LONGi Green Energy Technology Co., Ltd. has announced plans to invest US$309 million to expand its solar cell and module production in India. The move came after Indian regulators are considering a proposal to place a 70% import duty on solar power manufacturers from China. Facing high tariffs abroad, Chinese solar panel manufacturers are being forced to open factories locally. Last week, JinkoSolar Holding Co., Ltd., a New York Stock Exchange-listed Chinese solar firm announced the construction of an advanced solar …
Chinese Solar Manufacturer LONGi Green To Invest $309M In India To Avoid Tariffs appeared first on China Money Network.