India’s solar market prospects remain uncertain

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According to EnergyTrend, a research division of TrendForce, affected by economic instability in the eurozone, some European power plant investments have not progressed on schedule. Furthermore, Q3 order expectations were initially high, but prospects have changed after the conclusion of the Intersolar Europe exhibition.

Although there have not been significant alterations to orders with Taiwanese manufacturers, and suppliers indicate all capacity is booked at the moment, whether orders will ship as scheduled is dependent on the market status in Q3.

The future development of the Asia PV market was a highlight of the recently concluded Intersolar Europe exhibition. With government support, a clear picture has emerged regarding the future of the Chinese and Japanese PV markets – prospects for the solar markets in Southeast Asia and India, on the other hand, are still uncertain.

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Both upstream and downstream vendors are seeking opportunities for cooperation, none more proactively than Chinese manufacturers. However, there remains a marked difference between upstream and downstream makers. Upstream suppliers continue to face severe competition, and manufacturers indicate that only those able to survive this round of competition will live to see brighter days in the PV industry.

As for this week’s price trends, figures were not as expected despite the increase in European orders. TrendForce believes this is due to worldwide markets continuing to monitor European capital market developments, and has caused the delay in power plant investments, in turn weakening demand.

Furthermore, wafer and solar cell prices will continue to recover in the short term, but improving efficiency remains the key to price increases. Looking further ahead, however, the industry will remain in a state of oversupply, and manufacturers will still face pressure to lower prices as the industry continues to see subsidy cuts.

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