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Price of solar panels crashes making domestic solar panel manufacturers worry

Domestic solar equipment manufacturers are facing a hard time with the price of solar panels crashing in the global market coupled withsluggish demand in India. Most of them have either shut down their operations or have scaled down to 15-30% of their capacity.

India has 1,100 mw of solar power capacity installed in last two years. Gujarat alone boasts of close to 750 mw of solar power projects.

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