Featured in Solar springs eternal – 09-2023

Recipe for expansion

After years of debate, the Indian government made domestic manufacturing a central feature of renewables policy in 2021. The pivot came as the government sought economic growth and self-sufficiency following a border conflict with China. Vinay Rustagi, managing director for Bridge to India, says that trade barriers, subsidies, lower taxes, and demand growth have created the perfect recipe for expansion.

By

pv magazine

07 Sep 2023

Gujarat-based Rayzon Solar is one of several Indian manufacturers that are planning capacity expansion. Bridge to India expects as much as 110 GW of module capacity to go online in India by 2026, from a current base of less than 20 GW. | Photo: Rayzon Solar

In 2021, India’s annual solar manufacturing capacity stood at 14 GW. While superficially an impressive figure, much of this capacity was sub-scale and technologically obsolete, with Chinese imports meeting more than 80% of Indian demand. Even though module manufacturing capacity has now grown to 26 GW, actual production remains low, at around 8 GW annually.There …

This article is part of pv+

Subscribe digitally to unlock exclusive investigative reporting, expert insights, in-depth analysis, and premium background coverage. Your subscription also includes full access to the digital edition of our magazine.