K. Subramanya has resigned as CEO of India’s third largest panel manufacturer, Tata BP Solar, effective May 1. No explanation was given for the resignation and Subramanya has stated he has no plans for the immediate future.
Module maker Tata BP Solar, initially a joint venture between British Petroleum and Tata Power Co, has come under increasing competitive pressure from low-cost Chinese manufacturers. Tata Power bought out BP last December, as BP closed all of its worldwide solar operations, but like US and European panel producers, has struggled to compete with Chinese manufacturers.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
Indian manufacturers are constructing more than 700MW of renewable energy capacity but the country has received very few orders, forcing the closure of numerous factories throughout India.
At least seven US and German module producers have been declared bankrupt since the price of silicon-based panels fell 47% in the past year.
