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Indian solar firms face rising costs as China cuts export rebates

Starting December 1, Indian solar companies may face increased costs for key photovoltaic products due to a reduction in Chinese export rebates from 13% to 9%. This change could raise solar module prices by 0.02-0.03 yuan per watt, impacting project costs for developers who previously benefited from lower import prices. The Chinese government"s move aims to address overcapacity in the sector, which has led to bankruptcies and consolidations among manufacturers.
Moneycontrol
Chinese Yuan Citizens, Inc. CHN IND Pierre Lau
Finance & Economy, Market Report
11:55 20.11.2024
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