India's Dramatic Rise in Solar PV Manufacturing Capacity: A Decade of Make in India Success
Key Ideas
  • India's solar PV module manufacturing capacity has surged from 2.3 GW to 67 GW within 10 years, showcasing the success of the Make in India initiative.
  • The Government's support measures include financial incentives, such as the PLI scheme and VGF, and policy interventions to bolster domestic production.
  • The focus on solar PV manufacturing aims to make India self-reliant, attract investments, create employment, and reduce dependence on imports, contributing to the global value chain.
  • Projected to reach 100 GW per year of solar module production capacity by 2026, India is set to not only meet domestic demand but also become an exporter in the solar energy sector.
The Make in India initiative of the Government of India has marked a significant milestone as India's solar PV module manufacturing capacity has grown exponentially from 2.3 GW to 67 GW in just 10 years. This achievement underscores the country's commitment to promoting investment, fostering innovation, and building a robust manufacturing sector in the renewable energy space. The Government has implemented various support measures like the Production Linked Incentive (PLI) scheme and Viability Gap Funding (VGF) to bolster domestic manufacturing of renewable energy equipment. The focus on solar PV manufacturing, in particular, has seen a substantial rise with an outlay of Rs. 24,000 crores for the PLI Scheme for High-Efficiency Solar PV Modules. Policy interventions such as domestic content requirements and basic customs duties aim to make India self-reliant in solar PV manufacturing and establish it as a key player in the global value chain. With ongoing projects under the solar PLI scheme and a projected solar module production capacity of 100 GW per year by 2026, India is poised to not only fulfill domestic demand but also become a significant exporter in the solar energy sector.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.