90GW of Solar Module Manufacturing Capacity in India by 2030

Highlights:

  • India is targeting a manufacturing capacity of 90GW in solar modules, 38GW in Polysilicon, 56GW in Ingot & wafers, and 70-80GW in solar cells by 2026.
  • Centre to issue the bids for 2nd Tranche of PLI for high-efficiency solar modules this week
  • 65% of India’s power generation to come from RE sources by 2030.

At a recent conference organized by CII (Confederation of Indian Industry), R.K Singh, Union Minister of Power, New and Renewable Energy, elaborated on the nation’s plan to boost solar installation and manufacturing capacity.

The minister announced a target of building a 90GW capacity for solar module manufacturing. Apart from modules, India is looking to build 38GW capacity in Polysilicon, 56GW in Ingot and wafers, and 70-80GW in solar cells by 2026.

“Our targets are huge, if you consider 500GW plans we have, which does not take into account the hydrogen plans, then we have to install approximately 25-35GW every year, so the capacities we are planning to install will also be able to cater to this, but also to the hydrogen demand and something remaining for exports. So, the outlook for solar manufacturing seems good,”,” said Indu Shekhar Chaturvedi, Secretary, Ministry of New and Renewable Energy.

The nation currently has 20GW of solar module manufacturing capacity and merely 4.5GW of solar cell manufacturing capacity. However, the ministry is confident that the centre’s PLI (Performance Linked Incentive) initiative will be immensely beneficial in boosting these figures.

In September, the Union cabinet approved the proposal for ₹19,500 crore PLI scheme (Tranche II) for manufacturing high-efficiency solar equipment to achieve Gigawatt (GW) scale manufacturing capacity in High-Efficiency Solar Modules.

The National Programme on High-Efficiency Solar PV modules aims to build a manufacturing ecosystem for high-efficiency solar PV modules and reduce import dependence in the renewable energy domain.

As per Chaturvedi, PLI scheme guidelines have already been released and, the government will issue the bids this week. Moreover, this round of PLI will provide different schemes for different categories of solar equipment.

At the event, the union minister also proclaimed that 65% of India’s energy generation will come from renewable energy sources by 2030. “Even 65 percent is an understatement” Singh adds as India’s current non-fossil capacity is set to reach 250GW (170GW installed and 80GW under construction) very soon.

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Resource: Business Standard

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