Solar module prices have increased by about 15-20% over the last 4-5 months to around 22-23 cents/watt as of date. As PV modules comprise about 50-55% of the overall project cost, such an increase in the module price level, if sustained, may moderate the debt service coverage metrics for developers by about 12-14 basis points.
Modules represent 45 to 55% of the project capex. In a very competitive market like India, independent power producers have lower margins, and even a modest increase in module prices will put more pressure on them.
The analysts have revised their estimate for utility-scale solar addition in the April-May-June period to 1,350 MW, as against 2,350 MW expected earlier.
Despite a Covid-hit first quarter, Borosil Renewables registered a strong growth in annual revenues driven by record sales and high price realizations in the fourth quarter.
Solar installation surged in the first quarter of 2021, with developers completing their delayed projects from last year.
The sheer volume of new power lines which will be required to accommodate the rising tide of solar installations ensures copper has been included by the International Energy Agency on its list of minerals which must keep flowing if the energy transition is to stay on course. And it’s not production that’s the potential bottleneck.
The company’s capacity utilization was 5% lower than in March as it prioritized medical oxygen supply over augmenting steel production.
The second wave of Covid-19 reminds us to build a resilient society. Climate Change, not unlike Covid-19, will deliver devastating effects to our planet and disrupt our way of life. So, in this climate decade, India must channel investments into sustainable activities. The first step is to construct a robust “green taxonomy” – a green list of sustainable activities.
Coronavirus disruption has been cited as the chief culprit as imports from China, Thailand and Vietnam slumped from April to January, but safeguarding duty also appears to have had an impact, with unaffected imports from nations such as Myanmar, Chad and Russia on the rise and Malaysian trade keeping steady.
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