Analysis exhibits that India’s solar cell and PV module capability has greater than doubled since 2020. In 2020, India’s solar cell nameplate capability was 3 GW, rising to 6.6 GW by March 2023. Its solar PV module capability has elevated from 15 GW to 38 GW in the identical interval.

This, the findings say, is in response to the “favorable policy environment created by the Government of India”. As well as to the PLI scheme, tariffs on solar PV imports and creation of a listing of authorized fashions and producers have inspired home manufacturing.

By 2026, the report estimates India’s capability for polysilicon, ingot/wafer manufacturing – all important parts of solar PV module manufacturing which are “almost non-existent” – will attain 38 and 56 MW, respectively. Solar cell manufacturing capability will improve to 59 MW, whereas module capability is anticipated to attain 110 GW.

In accordance to the report, the worth of polysilicon elevated from $6.8 per kg to $40 per kg in 2022 after the Kovid-19 pandemic and is anticipated to return to the pre-pandemic degree this 12 months, which is able to assist home manufacturing capability.

“Even with aggressive market drivers and authorities assist, many minor obstacles nonetheless hinder the event of the home PV manufacturing sector. The most important problem is the continued dependence on China for uncooked supplies.

To push home manufacturing, the federal government ought to think about extending the present PLI scheme to different “unseen” auxiliary parts, such as glass and ethylene vinyl acetate (EVA, utilized in panel lamination).

It must also think about incentivizing energy consumption amongst solar PV producers, as nicely as providing subsidies for the preliminary capital prices concerned in establishing manufacturing amenities.

(Edited by Smriti Sinha)

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