Hike in solar panel prices by Chinese cos to hit projects2 min read . Updated: 01 Apr 2021, 05:25 AM IST
The Chinese firms are also reneging on contracts to supply the equipment as agreed, developers said
Chinese solar module makers have raised prices by over a fifth since December, two executives at Indian solar power developers said. This may impact a capacity of around 10 gigawatts (GW) under development. The Chinese companies are also reneging on contracts to supply the equipment on the price as agreed, even at the risk of their bank guarantees getting encashed, these developers said.
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