Prices of domestically produced modules have been falling in line with international prices. July end prices for mono-PERC modules were observed in the range of 24 -26 cents/Wp, maintaining a spread of about 45-50% over China prices because of 27.5% import duty on cells and higher cost of domestic manufacturing.
The price differential is expected to come down only marginally even after significant new domestic manufacturing capacity comes up next year. Domestic module capacity is expected to increase from 46 GW to 73 GW and cell capacity from 5 GW to 20 GW in the next 12 months.
Total domestic production in Q2 was estimated at 3,361 MW with 37% of it exported mainly to the US at an average price of 36 cents/Wp. Project developers are currently relying primarily on imports from China and South East Asia.
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