An over 20% month-on-month increase in solar module prices from China during both August and September of 2020 coupled with a delay in BIS certification of existing and new models has impacted the rooftop solar installations in the country. According to engineering, procurement and construction (EPC) players, around 200 MW capacity is addition is currently being held up, and if the situation persists, the stalled under-construction capacity might increase to over 500 MW.
India imports around 85% of its solar panels from China and even the domestic manufacturers of panels are largely dependent on China for raw materials such as cells, wafers and ingots that go into their manufacturing.
