Rising solar cell and module costs pressure developers

04 Jul 2022 CW Team

The cost of solar photovoltaic (PV) modules has risen by more than 40% in the last 18 months to $27-28 cents per watt, owing to an increase in polysilicon pricing. This is primarily driven by disruptions in operations across the value chain of solar module manufacturing in China and a jump in the cost of polysilicon, a critical material for module producers. The surging cell and module prices have been contributing to the cost constraints that solar power manufacturers are encountering, even as supply chain concerns continue to alleviate.

While bid rates have climbed from Rs 1.99 per unit in December 2020 to Rs 2.2-2.5 per unit, the extent of the increase has remained lower than what has been projected is necessary to counteract the increase in module prices. The risk of moderation in returns is substantial for projects totalling 4.4 GW awarded in the last 18 months with rates less than Rs. 2.2 per unit.

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..