Hong Kong-based quality assurance company Sinovoltaics has unveiled its India Solar Supply Chain Map for the fourth quarter of 2024, revealing significant growth in the country’s solar manufacturing capacity.
The map shows that developers installed a total of 58.4 GW of module capacity, and they expect to add an additional 60 GW between 2027 and 2030. This will bring the total to 119 GW by the end of the decade.
Drivers of Expansion: ‘Make in India’ and PLI Scheme
The report attributes the substantial growth in India’s solar manufacturing capacity to the government’s “Make in India” initiative and the production-linked incentive (PLI) scheme.
These efforts aim to bolster domestic production and make India a more competitive player in the global solar market.
Sinovoltaics’ team has closely monitored the announced initiatives on which the data is based.
Technological Shifts in Solar Manufacturing
In terms of technology trends, the report highlights a strong focus on passivated emitter rear contact (PERC) technology; moreover, it indicates a clear shift towards tunnel oxide passivated contact (TOPCon) technology, which is steadily gaining momentum.
The transition is expected to drive greater efficiency in the solar panels that India produces.
Production Capacity Expansion
India’s solar cell production nameplate capacity currently stands at 13.6 GW.
Significant expansion is underway, with an additional 47.2 GW planned to be added over the next three to five years. This will bring the total to 61.6 GW by 2027 or 2030.
Similarly, ingot production capacity currently sits at 4 GW. It is set to grow by an impressive 28 GW over the same period, further enhancing India’s solar manufacturing potential.
New Developments and Company Announcements
A notable development, moreover, is that Maharashtra-based Luxra Solar India plans to add two GW of module production capacity. The company aims to achieve this goal by 2027/2030.
The addition underscores the continued growth and investment in India’s solar manufacturing sector.
However, the report also indicates a shift in the scope of the map.
The quarter’s report excludes building-integrated photovoltaics (BIPV) module manufacturers. This results in five fewer production sites compared to the previous map.
The change reflects the company’s focus on core solar module manufacturers.
Conclusion
Sinovoltaics’ India Solar Supply Chain Map highlights the rapidly expanding solar manufacturing landscape in India. Favorable policies and technological advancements drive this growth.
Pv-magazine-india.com reports that India is poised to play a key role in the global solar market. With substantial capacity expansions on the horizon, the country will have a significant impact in the coming years.