Solar developers step up panel imports as removal of safeguard duty cuts costs
Solar panel prices that rose consistently over the last one year due to various constraints in the supply chain have seen a dip of around Rs 2.5 per Watt peak or up to 15% after the safeguard duty on imports ended on July 31.
Close to 3000 MW of ground mounted and around 300 MW of rooftop solar projects that were held-up have moved ahead, with companies placing orders with panel suppliers from China, South Korea, Vietnam and Taiwan for the next quarter, said industry officials. There is a nine-month available for developers before the basic customs duty on panel imports kicks in from April next year.
