Photovoltaic manufacturing outlook in India
India has made substantial progress in domestic solar module manufacturing capacity in recent years. However, according to a new report from JMK Research and the Institute for Energy Economics and Financial Analysis (IEEFA), achieving the national target of 300 gigawatts (GW) of solar power generation capacity by 2030 requires a stronger push in output and strategy. In addition to the ambitious target, the Indian government’s support for the solar sector has made the prospects for indigenous photovoltaic (PV) manufacturing increasingly vibrant. Dozens of companies are vying to make a mark in the Indian solar sector, the report finds.