[SMM Photovoltaic] India’s Solar Manufacturing Capacity Eyed to Hit 250 GW by 2030

[SMM Photovoltaic: India’s Solar Manufacturing Capacity Eyed to Hit 250 GW by 2030] India’s domestic solar module manufacturing capacity has surged to a massive 172 GW, up from just 3 GW a decade ago. Insiders believe this capacity is projected to reach 250 GW by FY2030.

This explosive growth is backed by various government measures that support the backward integration on domestic solar chain. These measures include the Approved List of Models and Manufacturers (ALMM), which requires project developers to source modules and cells from an approved list of domestic manufacturers. Nevertheless, India's domestic cell manufacturing lags behind at 27 GW, signaling the heavy reliance on imported upstream components, likely sourced from China.