“Solar module prices are likely to remain subdued in the near term”
Vikram V, vice president & co-group head-corporate ratings, ICRA Ltd, speaks to pv magazine about falling solar cell and module prices, its impact on the Indian pv manufacturers, and way forward.
Sineng Electric hits 10 GW of solar PV inverter shipments to India
The Chinese PV inverter manufacturer has surpassed 10 GW of solar inverter shipments in India.
Mitigating solar supply chain challenges
Large-scale solar projects in India are facing delays of at least two-three months. The primary reason is Indian companies’ dependency on Chinese products and equipment, which may result in shipping delays and cost fluctuations. But, many companies in India have their solar module stocks already ready and can provide their products at the same price as Chinese brands, Tanmoy Duari, CEO, AXITEC Energy India, tells pv magazine.
India imported solar PV panels worth $1,136.28 million in H1 FY 2024
India’s solar panel imports in the April-Sept. period of FY 2024 surpassed the value of panels imported in the twelve months of FY 2023. Cell imports have also increased considerably year-on-year, with H1 FY 2024 value touching $1,005.07 million.
China: Polysilicon prices continue to fall
Polysilicon prices fell by as much as 0.63% in China this week, according to the China Nonferrous Metals Industry Association (CNMIA).
China’s Sunpure to supply L&T with PV cleaning robots for 805 MWp solar project in Saudi Arabia
Sunpure will supply Larsen & Toubro with over 1,500 water-free cleaning robots for an 805 MWp solar project in Saudi Arabia.
Antaisolar secures 35.757 MWp solar tracking contract with L&T
Antaisolar announced it would supply 35.757 MWp solar tracking systems to Indian multinational EPC major Larsen & Toubro.
Sungrow hits 20 GW milestone in India
Sungrow, a Chinese PV inverter and energy storage system supplier, announced this week it has shipped 20 GW of photovoltaic inverters in India since entering this region in 2014.
India will overtake Southeast Asia as the second-largest solar module producer by 2025
A Wood Mackenzie report forecasts China will dominate solar manufacturing through 2026, holding more than 80% of poly, wafer, cell and module manufacturing capacity for the next three years.
China’s Guosheng starts building 10 GW HJT cell factory
Guosheng says it will invest CNY 5.2 billion ($722 million) in a new 10 GW heterojunction (HJT) solar cell production facility.
