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Dwindling China’s Demand for Solar Poised to cut down Solar Panel Prices

<p><span style="font-size:9.0pt">China&rsquo;s decision to halt new Solar Power Projects and cutting down subsidies to developers will leave no way to manufacturers, but to ship more panels overseas. India may be biggest beneficiary of these reforms in China, as 30% China&rsquo;s market base is in India.</span></p> <p><span style="font-size:9pt">It will indeed boost clean initiative of Government to achieve 175 GW of Renewable Energy Installations by 2022. It is envisaged that drop in solar panel prices will lead to drop in solar power cost by 10% in upcoming solar auctions.&nbsp;&nbsp;</span></p>