ICRA says India’s solar manufacturing sector faces oversupply risks as module capacity far outpaces domestic demand, pushing smaller producers toward consolidation.
India’s Loom Solar says it will build a 1.2 GW module factory in the Indian state of Uttar Pradesh and expand production of high-efficiency tunnel oxide passivated contact (TOPCon) and heterojunction (HJT) modules.
Avaada says its new “Halo” hybrid inverter, designed and built in India, integrates lithium battery storage and solar power management in one scalable system for homes and small businesses.
India’s solar module production capacity is projected to reach up to 220 GW by fiscal 2028, supported by government incentives, growing domestic demand, and rising export opportunities, according to CareEdge Ratings. Solar cell capacity is expected to approach 100 GW by the same period.
Jakson Solar has commissioned an advanced facility in India to perform continuous reliability testing on PV modules under extreme simulated conditions.
Delta Electronics has unveiled a 1.1 MW modular inverter made in India, designed for large-scale PV projects and built to expand local manufacturing capacity to 5 GW within three years.
The Indian manufacturer said its inverter features six MPPT inputs, which allow a total of 30 module strings.
Alpex Solar will invest about INR 1.36 billion ($15.3 million) to upgrade its planned Kosi Kotwan cell plant to G12R tunnel-oxide passivated contact (TOPCon) technology, aligning output with its 3.6 GW module capacity.
The Indian manufacturer has introduced its new Heloc Plus G12R Series interdigitated back-contact solar module series, delivering power outputs ranging from 635 W to 665 W and efficiencies between 23.5% and 24.6%
Indian manufacturer Solex Energy Ltd has partnered with Germany’s ISC Konstanz to upgrade its TOPCon cell line and adopt back-contact and perovskite–silicon tandem technologies. The company also unveiled a new back-contact solar module concept, slated for commercial production by fiscal year 2027..
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