Mumbai: Several solar energy companies are holding back their expansion plans till there is some clarity on the government’s policy on dumping of solar panels in the country. A dialogue with the government on this issue has been on and the industry hopes for some policy announcement. Many of them had expanded due to the rise in domestic demand but in the last two months the Chinese had slashed their prices by 15 per cent and the price difference works out to Rs 2 per watt or Rs 20 lakh per one megawatt.
Earlier there was almost parity between the Chinese and domestic prices, said Sunil Rathi, director, marketing and sales, Waaree Energies. The U.S. and Europe have imposed anti-dumping duty to promote their domestic industry. Almost 80 per cent of the solar panels in India are from China as their prices are unrealistically lower.
