Featured in TOP notch – 03-2022

India’s solar manufacturing wave

India installed 14GW of new PV in 2021. This year, utility-scale developers are pushing to import modules and build inventory for 2022 installations, before a basic customs duty goes into effect in May, with a 40% duty for module imports and 25% for cells. PV module distributors are also expected to build their inventories to save on duties and have enough supply for the C&I segment in 2022. After assessing the country’s current demand, project pipeline, and module availability, IHS Markit’s Dharmendra Kumar forecasts 18GW to be added in 2022.

By

pv magazine

07 Mar 2022

Source: IHS Markit

Growth in the Indian installation market has not so far translated into massive growth of local manufacturing capacity. The Indian government has enacted different duties and programs in the past few years (for example, the safeguard duty) to support domestic manufacturing and reduce dependence on overseas suppliers. The lack of a local supply chain and …

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