Indian solar power developers are exploring ways to keep input costs low after the tariff barriers on equipment comes into effect from April next year, two people aware of the development said. By doing so, they expect to save on the higher duty for solar module imports. This assumes importance, given that solar modules account for more than 50% of the total project cost. Developers are trying to keep costs low amid solar power tariffs hitting a record low of ₹1.99 per unit. Indian solar developers are also planning to avoid supplies from Xinjiang, China, following reports of alleged use of forced labour by manufacturers, as reported by Mint earlier.

Source: Mint July 13, 2021 18:11 UTC