Bridgeto India's analysis found that the average cost of solar PV modules imported to India fell by nearly 15% over the past three months, it’s also an important part of solar powered portable generator. and the current price is only $ 0.36 per watt peak, triggering serious concerns from local manufacturers.
The sharp drop in prices was mainly due to oversupply in the Chinese market, prompting component manufacturers to turn to neighboring countries. Analysts believe that this may lead to oversupply in the coming months, and then to the component manufacturers to bring "serious financial pressure."
For project developers operating in India, the current price is a "depression" because they can profit from it. But the local component manufacturers will face increased competition and price pressures of the dual pressures.
Polysilicon prices have dropped by 30%, wafers in a month also fell by about 20%. Since September component manufacturing capacity will exceed 100 GW, and this year's global demand is expected to not exceed 70 MW, the price decline is likely to continue.
Early September, Mercom Capital reported that imports from China to India, the average price of
solar modules for the world's lowest 0.39 US dollars / watt. Bridgeto India's report confirms this
general downward trend.
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