Solar panel prices up a quarter in 2 months

Prices of the imported solar panels have shot up 23% in the last two months since China’s power shortage crippled the delivery schedule from manufacturing plants. The price of solar panels is being quoted at over 28 to 32 cents per watt peak, compared to 26 cents before the crisis.

The price increase is “adversely affecting” the commercial viability of projects where panels are yet to be procured, said EPC players importing panels for developers.