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Recently, Bhupinder Singh Bhalla, India’s Ministry of New and Renewable Energy (MNRE), revealed, “We aspire to make India the world’s leading supplier of renewable energy equipment.”
At present, India’s annual solar photovoltaic module manufacturing capacity of 28GW, battery capacity of 6GW.
Bhalla said that the Indian government has launched the production-linked incentive (PLI) program and other policy measures to comprehensively promote the construction of solar manufacturing ecosystem. It is expected that by 2026 when the PLI program is fully implemented and other manufacturing capacity has been enhanced, India’s solar photovoltaic module manufacturing capacity is expected to reach 100GW.
As a fast-growing developing country, India has long realized the importance of developing renewable energy, especially photovoltaic power generation. As early as 2014, India’s Prime Minister Modi announced that by 2022 India to realize 100GW of installed solar capacity. Since then, India’s installed photovoltaic capacity has rapidly increased, and has become the world’s third largest photovoltaic market after China and the United States.
However, as of August 31, 2023, India’s cumulative PV installed capacity of 71.6GW, has not yet been able to complete the installed target that should have been completed in 2022. 2023 first half of India’s PV new installed capacity of about 6.8GW, a year-on-year decline of about 13.5%.
Now and hope that through the (PLI) program and other policy measures, in 2026 will be the local PV module manufacturing capacity of 100GW. according to the average value of the calculation, need to add 18GW per year module capacity, the difficulty is not low.