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Chinese Vendors Give Indian Solar Farms A New Headache During Pandemic
India's solar power producers face a cost bump as Chinese vendors renege on contracts.
06 May 2021, 03:09 PM IST
India’s solar power producers face an unexpected increase in costs during the pandemic as Chinese module makers want to renegotiate prices.China’s Longi Green Technology Co., the world’s biggest producer of solar cells, said in a statement that suppliers were renegotiating contracts as prices of modules have surged 35% as the cost of polysilicon, glass and silver paste rose. Higher freight rates due to shortage of shipping capacity d...
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