Reports emphasize the likelihood of India remaining a world leader for solar but warn of missed targets for PV overall and rooftop in particular.
The Indian solar producer has also increased its cell manufacturing capacity at its Bengaluru facility to 300 MW as it responds to the government’s Make in India program.
The recently doubled capacity for solar parks in India from 20 GW to 40 GW has been welcomed by Mercom Capital Group, which says that government should not be too rigid with individual targets if there is demand for more.
Assessment of the country’s PV manufacturing landscape by Mercom Capital Group finds series of challenges for domestic firms, including sustained low-cost competition from China, lack of scale and inconsistent support from government.
The solar arm of the industrial giant becomes the first Indian company to surpass 1 GW of global PV module shipments, shipping 60% of that figure over the past five years.
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