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China's new solar policy may delay India's plan to make panels

June 07, 2018 05:06 PM

Tagged Sector(s) : Renewable

India may delay its first ever auction to build solar factories after a Chinese decision to withdraw some state support to power projects is seen leading to an equipment supply glut and price crash. An auction by state-owned Solar Energy Corp. of India, to be held in September can be delayed depending on global cues, which is expected to cause oversupply and equipment prices to crash. The tender, issued last month, sought bids to set up 5 gigawatts of solar manufacturing facilities in the country. The winner would be permitted to build a generation project twice the factory’s capacity.

Article By:
Amit Sharma

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