NEW DELHI: Hardening of imported photovoltaic solar module price will moderate the returns for projects awarded over the last six to nine-month period, rating agency Icra said on Tuesday.
The increase in imported photovoltaic (PV) solar module price level by about 15-20 per cent over the last 4-5 months, to around 22-23 cents/watt as of date, is likely to impact the returns of solar power project developers, Icra said in a statement.