Indian firms commit to expanding manufacturing capabilities, decreasing import dependence

• Module and also cell makers in India will expand their manufacturing abilities by 13.75 GW for modules and also 6.9 GW for solar cells, according to research by JMK Research and Analytics.

Module manufacturers with greater than 1GW of existing capability have actually suggested a collective enhancement of 9GW, while cell manufacturers are promising an added 6.4 GW.

At present, India has an overall module and also solar cell manufacturing capacity of about 16GW as well as 4GW, respectively.

According to media reports, most of these companies anticipate to complete the extensions in the following year to 18-months.

Two gamers have actually currently made significant additions, with Tata Power Solar adding 230MW to its cell and also 180MW to its module production, while Premier Energies has broadened its module capacity to 1.25 GW from 500MW, and also included 750MW of cell production ability.

The federal government of India will certainly introduce a Fundamental Customizeds Responsibility (BCD) in April next year on solar imports, and has actually established a Production-linked Incentive (PLI) system for brand-new production facilities to stimulate the nation's solar industry and also lower its reliance on international products.

Currently, around 80% of India's regional demand for solar modules is satisfied with imports from various other Oriental countries such as China, Vietnam and also Malaysia.

India has a target of adding 280GW of solar energy installation by 2030.