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Bridgeto India's analysis found that the average cost of solar PV modules imported into India has fallen by almost 15% in the past three months, and the current price is only $0.
36 per watt peaking, causing serious concerns
among local manufacturers.
The main reason for the sharp drop in prices is the oversupply in the Chinese market, which has prompted module manufacturers to turn to neighboring countries
.
Analysts believe this could lead to an oversupply in the coming months, putting "serious financial pressure"
on module makers.
For project developers operating in India, the current price is a "depression" because they can profit
from it.
But local module manufacturers will face the dual pressure
of increased competition and falling prices.
Polysilicon prices have fallen by 30 percent, and wafers have fallen by about 20 percent
in a month.
With module manufacturing capacity set to exceed 100 GW in September, and global demand is expected to exceed 70 MW this year, the price decline is likely to continue
.
Earlier this month, Mercom Capital reported that the average price of solar modules imported from China to India was the lowest in the world at $0.
39/watt
.
Bridgeto India's report confirms this overall downward trend
.
Bridgeto India's analysis found that the average cost of solar PV modules imported into India has fallen by almost 15% in the past three months, and the current price is only $0.
36 per watt peaking, causing serious concerns
among local manufacturers.
The main reason for the sharp drop in prices is the oversupply in the Chinese market, which has prompted module manufacturers to turn to neighboring countries
.
Analysts believe this could lead to an oversupply in the coming months, putting "serious financial pressure"
on module makers.
For project developers operating in India, the current price is a "depression" because they can profit
from it.
But local module manufacturers will face the dual pressure
of increased competition and falling prices.
Polysilicon prices have fallen by 30 percent, and wafers have fallen by about 20 percent
in a month.
With module manufacturing capacity set to exceed 100 GW in September, and global demand is expected to exceed 70 MW this year, the price decline is likely to continue
.
Earlier this month, Mercom Capital reported that the average price of solar modules imported from China to India was the lowest in the world at $0.
39/watt
.
Bridgeto India's report confirms this overall downward trend
.
