Solar manufacturing in India: Paving the way for a self-reliant renewable future
As India advances toward its Vision 2047 goals, solar module and cell manufacturing must be at the heart of the renewable energy strategy. While policy interventions like ALMM and production-linked incentives have laid a strong foundation, the next phase requires intensifying domestic raw material manufacturing and supply chains, scaling solar cell production with novel technologies, developing a skilled workforce to support advanced manufacturing, and elevating export competitiveness through quality certifications and trade agreements.
India’s solar cell manufacturing capacity to surpass 50 GW by fiscal 2027
India’s solar cell manufacturing capacity is set to touch 50-55 GW by fiscal 2027, up five-fold from 10 GW at the end of fiscal 2024, says a new report by Crisil Ratings.
Tata Power’s TP Solar secures 300 MWp module order with MSPGCL
TP Solar Ltd, an arm of Tata Power Renewable Energy Ltd, has signed a contract with the Maharashtra State Power Generation Co. Ltd (MSPGCL) to supply 300 MWp of ALMM-certified solar modules. The modules will be deployed for distributed PV projects to be set up under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0.
KLK Ventures 590 Wp solar modules enter ALMM list
The certified mono c-Si PERC modules provide power outputs of 590 Wp with an efficiency of up to 21.11%.
2024 solar snapshot and the road ahead
A snapshot of the milestones reached in Indian solar manufacturing and power project installations, anticipations, and more…
India’s solar PV cell manufacturing capacity to reach 60 GW by FY 2027
India’s solar cell manufacturing capacity will reach 60 GW by FY 2027 from 8 GW as of March 31, 2024. The resultant capacity growth will make India a surplus market, given the annual module requirement of 40-50 GW, necessitating that the domestic players tap the export markets.
ALMM cell mandate will drive up capital cost for solar developers, says Crisil report
The prices of domestically manufactured solar cells are 1.5-2 times more than alternatives from China even after basic customs duty. Such high prices can drive up the capital cost of solar power projects by INR 5-10 million/MW and, in turn, tariffs by 40-50 paise per kWh, says CRISIL Market Intelligence and Analytics.
Coal India Ltd launches 1 GW solar EPC tender
Coal India Ltd has invited EPC bids for its 1 GW solar power project planned in Rajya Vidyut Utpadan Nigam Ltd’s solar park in Rajasthan. Bidding closes on Jan. 2.
India hits solar module manufacturing capacity of 63 GW
India has reached a solar PV module manufacturing capacity of around 63 GW per annum as per the Approved List of Models & Manufacturers (ALMM) published by the Ministry of New and Renewable Energy.
C&I offsite solar installations soar to 4.8 GW in 9M 2024
Open access (offsite) solar installations in the first nine months (9M) of calendar year 2024 were almost 69% up compared to 2.8 GW installed in 9M 2023.
