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Solar Panel capacities are projected to exceed installations significantly, which will cause tariffs rates to keep falling, according to a Morgan Stanley research.
Livemint reported the 2016 Solar Panel capacities exceeded installations by 28 percent. This year, Morgan Stanley projects the demand-supply gap to increase to 45 percent.
“Following a 30 percent price decline in 2016, we expect a further 20 percent decline by the end of 2017,” Morgan Stanley said in a note.
“Following a 30 percent price decline in 2016, we expect a further 20 percent decline by the end of 2017,” Morgan Stanley said in a note.
“While Chinese suppliers may not be recovering fixed costs at current prices, a shrinking solar market in China, Europe and anti-import trends in th3 US can lead to prolonged period of pain for Chinese module makers—a boon for Indian solar program,” JM Financial Institutional Securities Limited said in a note.
Solar installations in Japan, China, the UK and some other markets are estimated to slow this year. It is yet to be seen how long will the solar panel manufacturers be able to bear this downward trend.
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