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India's PV module capacity grows to 50.8GW

published: 2024-07-12 17:35

According to the latest Approved List of Models and Manufacturers (ALMM) released recently by India's Ministry of New and Renewable Energy (MNRE), India's PV module production capacity has grown to 50.8 GW as of today. 93 PV module manufacturing plants are currently operating in India on this list, compared to 90 previously.

India's Ministry of New and Renewable Energy (MNRE) released an ALMM list in May of this year, indicating that the country's total PV module production capacity at the time was 48 GW. The recent addition of about 2.5 GW of new production capacity is mainly due to the increase in production capacity by Emmvee, Credence, Gautam Solar, and other PV module manufacturers.

Emmvee has added the most PV system capacity, with an installed capacity of 1,504 MW. With this increase in capacity, Emmvee is now one of the top six PV module manufacturers in terms of PV module capacity on the ALMM list.

PV Power, a PV module maker from Maharashtra, and Lubi Electronics from Gujarat have made it to the list with a capacity of 86 MW and 40 MW, respectively.

In addition, several other PV module manufacturers have increased their capacity. The latest ALMM list shows that Citizen Solar increased its capacity in the ALMM list from 70 MW to 150 MW. Credence Solar also increased its capacity from 125 MW to 500 MW. Insolation Solar increased its capacity from 430 MW to 617 MW. Gautam Solar increased its capacity from 319 MW to 710 MW.

In terms of highest PV module capacity, Waaree continues to lead the ALMM list with a capacity of 10.77 GW. it is followed by Mundra Solar (Adani) with a capacity of 4.1 GW, followed closely by ReNew (3.6 GW), First Solar (3.2 GW), Tata (3.19GW), Emmvee (2.69GW), Goldi Solar (2.60GW) and Vikram Solar (2.4GW).

Meanwhile, with the launch and expansion of the PM Surya Ghar rooftop PV program, the demand for rooftop PV systems in India is set to rise, and many companies have started manufacturing TOPCon bifacial PV modules.

With the increase in India's domestic PV module production capacity, India can now take the lead in supplying domestic PV modules for all types of PV projects in the country and eliminate its dependence on imported PV modules. This also comes at a time when tariff barriers and non-tariff barriers have made it difficult for foreign PV module manufacturers to dump cheaper PV modules for PV projects in India.

Source:https://news.solarbe.com/202407/10/380143.html

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