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More solar panels, lower price

Indian solar panel manufacturer Surana Ventures has announced that it plans to increase the output of its solar panels to 30 megawatts this year and invest 250 million rupees in a solar cell plant. These decisions come as Chinese solar panel manufacturers oversupplied solar modules into the market, reducing the market price by around 34 per cent in the last year, as well as the Indian government’s decision to manufacture 5 gigwatts of solar modules by 2020.

Have a read: http://www.bloomberg.com/news/2012-08-27/solar-panel-maker-doubles-output-as-prices-drop-corporate-india.html

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