India may grow to be the world’s second largest photo voltaic producer by 2026. It additionally has a singular presence in all upstream segments of PV manufacturing, reminiscent of cells, ingots/wafers, and polysilicon, in line with a brand new report.
From pv journal India
India is about to achieve 110 GW of photo voltaic PV module capability by fiscal 2026, with 72 GW of latest manufacturing capability coming on-line over the subsequent three years. The numerous leap will set up self-sufficiency and make the nation the second largest PV manufacturing nation after China, in line with a brand new report of the Institute for Power Economics and Monetary Evaluation (IEEFA) and JMK Analysis.
The report states that India has a major presence in all upstream segments of PV manufacturing. It claims cell capability will attain 59 GW by fiscal 2026, ingot/wafer capability will hit 56 GW, and polysilicon will contact 38 GW.
“The long run is shiny for India’s PV manufacturing sector,” stated report co-author Vibhuti Garg, South Asia director for IEEFA. “The favorable coverage surroundings created by the Indian authorities helps the PV manufacturing trade to develop quickly, which is mirrored within the frequent bulletins of expansions or new investments within the sector.”
The report exhibits that India’s nameplate module manufacturing capability will greater than double from 18 GW in March 2022 to 38 GW in March 2023.
“The production-linked incentive (PLI) scheme is likely one of the principal catalysts that encourage the expansion of all the PV manufacturing ecosystem in India,” stated Jyoti Gulia, the founding father of JMK Analysis. “In addition to rising the infrastructure in any respect levels of PV manufacturing, from polysilicon to modules, it’s going to additionally result in the simultaneous improvement of a marketplace for ancillary PV parts, reminiscent of glass, ethylene vinyl acetate (EVA), and backsheets.”
The outcomes of the 2 tranches of the PLI scheme point out that there will likely be a rise of 51.6 GW in module capability and not less than 27.4 GW in built-in “polysilicon-to-module” capability in India within the subsequent three to 4 years.
Whereas the PLI scheme is a supply-side measure, the federal government has additionally taken steps to extend demand for regionally made photo voltaic modules. One such step is the introduction of indoor protection necessities (DCR) for solar energy in a number of authorities schemes, together with the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) Scheme and the Central Public Sector Endeavor (CPSU) Scheme.
One of many essential steps taken by the federal government to extend the demand for home PV modules is the introduction of the Accredited Record of Module Producers (ALMM) in 2019. The report states that even after making use of the upper primary customs obligation (BCD) of imported modules, the associated fee differential in comparison with home modules is small.
“In such a state of affairs, ALMM acts as an ideal commerce barrier that protects the pursuits of home producers. Thus, final yr, ALMM was an important driver for the event of home PV manufacturing ,” stated Prabhakar Sharma, a marketing consultant at JMK Analysis. “The newest ALMM listing, up to date on February 27, 2023 by the Ministry of New and Renewable Power, contains 70+ home producers with an enlisted capability of twenty-two,389 MW.”
The report additionally identifies limitations which might be holding again the home PV manufacturing trade. Chief amongst them is the over-reliance on Chinese language imports for the upstream components of PV modules, reminiscent of polysilicon, ingots, and wafers.
This content material is protected by copyright and might not be reused. If you wish to cooperate with us and need to reuse a few of our content material, please contact: editors@pv-magazine.com.
