RESolve warns NSM phase 2 bidders of potential solar PV price increases

RESolve Energy Consultants (Chennai, India) has released a new analysis which warns that solar photovoltaic (PV) products may become more difficult to source in 2014, and that prices may increase on rising demand.

The firm quotes global PV market estimates of between 41 GW by IHS Inc. (Englewood, Colorado, U.S.) and 45 – 55 GW by NPD Solarbuzz (Santa Clara, California, U.S.), stating that prospective bidders under phase 2 of the India’s National Solar Mission (NSM) should account for potentially higher prices.

“While there is enough domestic manufacturing capacity in the country, the domestic manufacturers still have to import PV wafers, and as such the domestic module prices will be in line with the global prices,” states RESolve Energy Consultants Founder and Director Madhavan Nampoothiri.

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