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CRISIL

India’s solar module manufacturing capacity on track to soar 400% in four years

Ratings agency Crisil estimates India will have 38-43GW of annual solar module manufacturing capacity by the end of March 2025. Production capacity will be driven by strong domestic demand, favorable government policy, raised module conversion efficiency, and price competitiveness, according to the ratings agency.

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India set to add 15 GW of wind-solar hybrid capacity in five years

Almost 10 GW of hybrid generation capacity is already under implementation despite the nation having only 100 MW of combined wind and PV projects at present, according to analyst Crisil.

India to fall well short of 175 GW renewables target

A report by Indian ratings agency CRISIL points to a rising rate of tender failures, an inconsistent policy approach from central and state governments and restrictive solar energy tariff caps and says India could have just 104 GW of renewables capacity by 2022.

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