Who is Webel solar websol energy system limited?

Webel Solar Websol Energy System Limited is India's leading PV solar cell and solar module manufacturer and is known to offer highly-efficient Mono PERC PV solar cell.

Who is websol energy system limited?

Websol Energy System Limited (WESL) has been in the business of producing and selling solar photovoltaic cells and modules since 1994. It was first established as an Export oriented unit in a joint venture with WEBEL, an Electronic Development Corporation of Government of West Bengal and in technical collaboration with Helios Technology of Italy.

What is websol energy system's expansion plan?

Loading Websol Energy System Ltd. has received approval from IREDA for the first phase of its expansion plan, which includes adding a 600 MW cell line and a 550 MW module line. The company aims to strengthen its position in the solar energy market and cater to the growing demand for renewable energy products in India.

Why is websol Energy System Ltd not able to pass on costs?

The intense competition in the solar cell manufacturing business has severely limited the negotiating power of Websol Energy System Ltd over its customers. As a result, it is not able to pass on an increase in its raw material costs to its customers.

Why did websol Energy System Ltd become a subcontractor to Chinese solar equipment manufacturers?

It was affected when the US and India had a trade war and the USA took India to the World Trade Organization against Indian domestic content policy. Websol Energy System Ltd tried to become a subcontractor to Chinese solar equipment manufacturers by making modules in their name to keep its business running.

Does websol Energy Systems Ltd comply with regulatory guidelines?

While reading the annual reports of the company, an investor notices numerous aspects that show a weakness in the internal controls and processes of the company. On multiple occasions, Websol Energy Systems Ltd did not comply with regulatory guidelines.