Indian solar module manufacturing capacity is forecast to reach around 95GW – up from 39GW at the end of September 2022 – according to research from analyst and consultancy Mercom India Research.
Chinese module manufacturer JA Solar has announced its plan to invest RMB40 billion (US$5.9 billion) to construct a vertically integrated PV industry hub in Inner Mongolia.
As reports come in predicting stunted growth for Indian solar in 2023, PV Tech Premium spoke to Vinay Rustagi, managing director of Bridge To India, about the obstacles facing the sector in the next year and the prospect of light at the end of the tunnel.
Solar manufacturer LONGi Green Energy Technology (LONGi) has announced an RMB45.2 billion (US$6.7 billion) plan to build a production base in China capable of manufacturing 100GW of solar wafers and 50GW of solar cells each year.
With a recent wave of policies and renewable reforms, investments are set to be boosted in India with solar-wind hybrid projects and corporate power purchase agreements among key trends.
Solar equipment manufacturer SC Solar has signed a 5.2GW heterojunction module automation production line supply agreement with Indian conglomerate Reliance Industries.
Chinese module manufacturer Risen Energy has revealed its plan to expand the production capacity of its Hyper-ion solar cell and module to 15GW in 2023.
Despite the headwinds impacting module supply and solar deployment, India’s solar market is expected to emerge from a slow 2023 with significant growth and feel the benefit of the country’s protectionist domestic manufacturing policies.
