The landscape of solar energy in India is undergoing a significant transformation. As of now, the nation’s solar PV module manufacturing capacity stands at 37 GW. However, projections indicate that this capacity is expected to grow to 60 GW by the year 2025.
One of the critical factors influencing this growth is the Production-Linked Incentive (PLI) scheme. This initiative is anticipated to have a profound effect on future manufacturing capacity, potentially increasing it to nearly 100 GW. The PLI scheme is specifically designed to encourage the establishment of integrated solar module manufacturing units within the country, thereby reducing reliance on imports.
While India is poised to enhance its manufacturing capabilities in modules, cells, and wafers, it is important to note that the country will still depend on imports for certain components, particularly polysilicon. This continued reliance on imports highlights the need for further advancements in domestic manufacturing processes.
The establishment of integrated solar capacities is not without significant financial implications. The estimated capital expenditure required for setting up these capacities is projected to exceed Rs 1 lakh crore. This substantial investment underscores the commitment required to advance India's solar manufacturing capabilities.
In summary, India's journey towards enhancing its solar PV module manufacturing capacity is marked by ambitious growth targets and strategic initiatives like the PLI scheme. While the country is making strides towards self-sufficiency in solar energy production, addressing the dependency on imports remains a crucial challenge. The future of photovoltaics in India holds promise, with the potential for substantial growth and innovation in the renewable energy sector.
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