[SMM PV News] Anthem Reaches Financial Close on South Africa's Largest Solar Project

India added 119 GW of solar module manufacturing capacity and over 9 GW of cell capacity in 2025, bringing cumulative totals to 210 GW and 27 GW, respectively. According to a new report from Mercom India, this massive expansion was driven by a robust utility-scale pipeline, the 'PM Surya Ghar' residential rooftop program, and the domestic cell mandate under 'ALMM List II'. With declining demand for mono PERC and rising capital requirements shifting market share toward larger, more efficient manufacturers. On the trade front, India imported 99 GW of solar modules and cells in 2025 (which solar cells accounts for 75%), while domestic players exported around 5 GW of modules, predominantly to the US, and 192 MW of cells, mostly to the UAE.