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Imported Solar PV Module Average Selling Price Recent Solar Auction ……………………………………………………………………………………………………………………29
SOLAR MODULES PROCURER IN INDIA IN 1H OF CY 2020-21 (JAN TO JUN)
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Source: Export & Import Trackers INDIAN DEVELOPER
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PV INVERTER
Out of the total inverter imports in India, String Inverter import value is around $21.66 million. Sofar Solar was the top supplier with a market share of 26.9 % followed by Sungrow and Growatt with 19.9% and 11% respectively. GoodWe and Foxess have a market share of 8.7% and 7.7%.
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Out of the total solar inverter imports in India, the central inverter imports into India excluding “Made in India” products were worth around $24.9 million in Q1 2021. Kehua Tech has a 44.3% market share followed by Sungrow and TBEA. Sungrow has a market share of 43.5% and TEBA has a 12.1% market share.
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The total value of combined String and Central Inverter imports into India excluding “Make in India” products in Q1 2021 were around $46.5 Million (₹344 crore). The top supplier in this category was Sungrow with a market share of 32.6%. Kehua Tech was the second top supplier in this category with 23.7% followed by Sofarsolar with a 12.5% market share.
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ELECTRICITY MARKET
The entities showing aggressiveness in buying Renewable Energy Certificates (REC) to meet their renewable purchase obligation (RPO). In March 2021, Power Market trades the highest ever monthly volume of 8,249 MU and achieving 92% year over year growth since March’20 on increased consumption of electricity. In the last financial year 2020-21, Exchange culminates with the highest ever yearly electricity volume of 73,941 million units (MU) achieving 37% YoY growth.
in millions units
POWER MARKET TRADE VOLUME
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Source: IEX
The green term-ahead market traded the highest ever volume of 412 MU during June’21, the market saw 15% growth over the previous month led by the ongoing wind season. For the first quarter, the market has registered a cumulative trade volume of 955 MU, already surpassing the total green volumes achieved in FY 2021. The market is witnessing a growing increase in participation and has become a key facilitator of green power trade among distribution utilities, industrial consumers, and green generators offering the most competitive and viable avenue. While the lowest in March of 2021 as Green Term Ahead Market traded a volume of 51 MU during the month comprising 21 MU in the solar segment and 30 MU in the non-solar segment. The market has cumulatively traded 1,329 MU volume since its launch on 21 August 2020.
IMPORTED SOLAR PV MODULE AVERAGE SELLING PRICE
The price of solar PV modules was quite unpredictable and the reason for fluctuation in the average selling price (ASP) of solar modules is due to uncertainty in the lockdown, raw materials such as polysilicon, glass increasing prices in China, rise in the freight charges, also currency fluctuations. As per the available data from the import and export tracker, India imported more than 90% of the solar PV modules from China in the first quarter of 2021. There is an increment of around 7.5% in the module ASP from Jan 2021 to June 2021 in Poly and around 1.9% in Mono Perc.
The price of the modules will remain stable in the coming few months, but may again increase due to demand in the Chinese and global market, also lockdown is slowly uplifting in many parts of the country so the projects which were on hold due to restriction will start commissioning, which surges the demand of the imported panels. The price of the modules might fluctuate due to the low-utilisation of wafer and cell. Even the upcoming BCD and safeguard duty due date will bring lots of hinges in the Solar PV modules prices.
