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overcapacity shines on indian solar sector
This provides room for a sharp drop in tariffs, and the price of a solar park in Rajasthan has been limited to a record low of RS 4 per unit.
Gaurav Mathur, CEO of China solar panel maker Trina Solar India Pvt Co. , Ltd. , said the decline in PV module prices in the past few months was \"abnormal.
\"There is overcapacity in the market. This (
Prices of solar panels fell)
Is abnormal decline;
\"The reason is that there is no technological breakthrough in the price decline, it is just overcapacity,\" he said . \".
Mathur said that in just one quarter, the price of their solar panels dropped by about 15% from 43-
44 cents to 36 cents each
37 cents each.
Nandan kushakira company
The founder, president and chief operating officer of SunSource Energy gave 30-40%.
Nandan\'s company, which is working on 100 roof-top solar power plants in 19 states, said the decline in panel prices made them more competitive and helped solar power companies bid at lower prices, it is still feasible. \"It (
Lower solar panel prices)
How good (
Solar Power Plant)
Developers and terminals
\"The user\'s point is that this will reduce their costs and ultimately reduce the electricity bill,\" he said . \".
According to him, compared with South Korean, Japanese and German companies such as Samsung and Panasonic and other joint ventures, the cost of solar storage equipment has also dropped significantly (JVs)
Construction of manufacturing capacity in China.
\"As it is expected that FIT will decrease, there is also excess manufacturing capacity in China (almost 30%)
\"In the new government policy,\" he said.
FIT is a government policy measure to boost investment in renewable energy technologies.
Pay this tariff to energy users to encourage them to generate electricity.
Mathur said that with the introduction of new policies, China has seen a boom in power grid connection or installation projects in the first half of this year.
This has led many panel manufacturers to increase their capacity and flood the market with low-cost products.
Mathur estimates close to 16-17 gigawatt (gw)
China has installed capacity in the first half of this year.
He expects five more-
Six GW projects will be set up in China this quarter.
\"There has been a desperate situation due to overcapacity, but now China has announced a new FIT (last month)
We expect about 5-
6 gw to install (
\"We also expect huge demand from India,\" he said . \".
Mathur expects to install 2 gw this quarter, plus more than 2 gw.
5 gw in the first quarter (January-March)in India.
\"I expect more than 80% of the demand (For solar panels)
\"In India, Chinese manufacturers will meet,\" he said . \".
Interestingly, with the decline in panel prices, the solar electricity price has now reachedtime low.
According to a report from PTI, RS 4 per unit is 750-
Mw solar project at Bhadla Solar Park in Rajasthan.
Ashvini Kumar, managing director of Indian Solar, said, \"The government has set the solar electricity price per unit at Rs4 as the benchmark rate for all bids in the state where the solar electricity price was discovered prior to Rs4.
In various auctions, £ 50 per unit.
\"The lowest price quoted so far is Finland-
Rs 4 based on Fortum Finnsurya Energy.
70-34 per unitmegawatt (mw)
Planted under tender for Bhadla Solar Park in NTPC.
However, the tariffs on the roof section are still not falling sharply, and solar power companies spread their risk by the presence of this section, which provides higher profits.
Today, the cheapest electricity bill is in the agricultural or agricultural sector of about 1 RS or 2 RS, followed by the residential sector of about 4 RS. 4.
50 units per unit up to 7 rupees7. 50 per unit.
In some cases, the price of electricity for residents crosses Rs 9. 10 per unit. For commercial-
The industrial sector starts at Rs 5.
50 per unit, up to around 7 rupees. 50-
8 per unit, in some cases it is Rs12-14 per unit.
In this section, grid parity is achieved in almost all Indian states.
National League for Democracy (NDA)
The government has set a target of installing 100 gigawatts of solar energy by 2022.