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India's Solar Module Manufacturing Capacity Expansion

Sector: Solar • Location: India

Source: The Economic Times

Project
Planned

India's solar module manufacturing capacity is set to surpass 125 GW by 2025, driven by the government's Production Linked Incentive (PLI) scheme. This expansion has created an inventory surplus of 29 GW, more than triple the domestic demand of around 40 GW. The industry faces risks of overcapacity and challenges in maintaining cost competitiveness, especially due to a decline in exports to the Un

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The project “India's Solar Module Manufacturing Capacity Expansion” is an infrastructure initiative in the Solar sector, located in India. Taiyo aggregates data on it from The Economic Times.

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planned

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Description

Description

India's solar module manufacturing capacity is set to surpass 125 GW by 2025, driven by the government's Production Linked Incentive (PLI) scheme. This expansion has created an inventory surplus of 29 GW, more than triple the domestic demand of around 40 GW. The industry faces risks of overcapacity and challenges in maintaining cost competitiveness, especially due to a decline in exports to the United States caused by new tariffs. Protective measures like the Approved List of Models and Manufacturers (ALMM) and proposed anti-dumping duties are being implemented to support domestic producers. Long-term success depends on R&D, technology investment, and diversification into export markets such as Africa, Latin America, and Europe.

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