While India’s solar market is still heavily weighted on the lowest possible costs, the price difference between monocrystalline and polycrystalline PV module technologies is beginning to fade. PV Tech caught up with major module suppliers at the REI Expo in Greater Noida, India, to discuss the future of Mono in this heavyweight global market.
REC Group has secured orders for 45MW of solar modules to be installed at rooftop PV projects under the RESCO rooftop model in India, where the developer leases the rooftop system to the rooftop owner.
The Indian Finance Ministry’s order imposing a safeguard duty for two years on solar imports from developed countries as well as China and Malaysia has brought long-awaited clarity to both manufacturers and developers, but both segments of the industry have a number of fears.
Since Chinese investments into major cell and module facilities started - more than 10 years ago - success ultimately has been driven by overseas market-share gains, above other technical or financial benchmarks that otherwise would be expected.