Featured in Solar springs eternal – 09-2023

Indian PV goes global

Buoyed by a boost in exports and attractive regional manufacturing incentives, Indian solar manufacturers are looking to build production bases in countries where demand is high, especially in the United States. Uma Gupta considers the key drivers and challenges.

By

Uma Gupta

07 Sep 2023

Vikram Solar has set up a JV with New York-based private equity firm Phalanx Impact Partners. They plan to invest in module, cell, wafer, and ingot manufacturing in the US. | Photo: Vikram Solar

Several Indian PV manufacturers – already sitting on large production capacity and domestic expansion plans – are now eyeing overseas markets, particularly the United States. Conditions are favorable for Indian companies to sell in such markets which, like India, have placed restrictions on Chinese imports while simultaneously placing a bigger emphasis on renewables for utilities …

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