Featured in Harvest Potential – 10-2023

Will New Delhi hear the call from solar developers?

Falling solar equipment prices, bulk module orders, and an expansion in domestic solar manufacturing capacity are driving a solar boom in India. The government can add further impetus if it tweaks domestic content rules, according to Josefin Berg of S&P Global Commodity Insights.

Solar installations in India have been steadily rising since March 2023. As per official numbers, India installed 9 GW (AC) of solar capacity from January to August 2023, which is around 12 GW of DC capacity, according to estimates. These installation numbers reflect many projects that were originally supposed to be built in 2021 and …

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