Solar Wafers are traditionally manufactured by growing polysilicon crystals in specialized furnaces. These crystals are then sawed to make thin slices of purified polysilicon which is then acted upon by various chemical processes to convert them into solar cells. There have been a number of companies in the past that have tried to find an [...]
Green Solar Cells & Panels Concept Green Solar Panels & Cells is a recent technology to manufacture solar cells & panels by isolating chlorophyll, the plant protein that converts sunlight into energy and transforming them into electrons. The process involves making of solar cells from the set of molecules within plant cells that do the [...]
However India’s biggest capital good equipment company BHEL owned by the government is plannning a $500 million investment to build a solar cell factory in at Sakoli which is part Union heavy industries minister Praful Patel’s constituency Bhandara.Talk about how dumb you can get. BHEL hardly has too much expertise in the solar panel industry and with solar cells in massive oversupply,it is almost sure to lose money. However that is how things work with Indian government companies where investment is made at the whims of ministers rather than rationality and business sense.BHEL is currently trading at one of the lowest valuations in its 10 year history and its not a big wonder why. The company has benefited in the past as did other machinery and engineering companies from an infrastructure invesment boom. However those glory days are over for the company as it faces competition from the Chinese companies and decreasing orders flow. Praful Patel the minister has already spent a few years in the airline ministry presiding over the conversion of the state owned carrier Air India ino a basket case. Now its the turn of BHEL to be turned into a basket case as well.
The US imposition of anti-dumping and countervailing duties on China made solar cells has brought out unintended beneficiaries and losers. I had explained in an earlier post that US based polysilicon factories and solar equipment makers will be hurt due to this decision. They will probably face Chinese government duties on imports of polysilicon and [...]
The Indian government is not going to impose any new duties on imports of Chinese solar cells. This is despite the petition by the Indian solar panel manufacturers to give a level playing field. Note Chinese solar panels have virtually destroyed the solar manufacturing industry in the West with big companies falling under the relentless price pressure where solar panel prices have gone down by 60% in one year. Only the Koreans seem to be standing up to the Chinese government backed top tier solar companies from China. The rest have mostly folded up and are facing survival questions including those from Taiwan. Indian solar companies were never that big and cost competitive anyway given the headstart and support of the Chinese backed companies. The price crash in 2011 has seen most of them close their factories as they can’t even cover their costs at the Gross Margin Level.