India provides 11.3 GW of photo voltaic module capability, 2 GW of cells in H1 2024 – pv journal Worldwide

India will add 11.3 GW of photo voltaic module capability and a pair of GW of photo voltaic cell manufacturing capability within the first half of 2024, based on a brand new report by Mercom India Research.

This is attributed to the rise in excessive demand, pushed by the 132.7 GW photo voltaic undertaking pipeline anticipated between 2024 and 2026, and the restoration of the Approved List of Models and Manufacturers (ALMM) order in April 2024.

By the tip of June 2024, India’s photo voltaic module capability has reached 77.2 GW and photo voltaic cell capability has reached 7.6 GW. Of this, 51 GW of module capability obtained ALMM certification. The high 10 producers account for 58% of module capability and 100% of cell manufacturing capability.

Mercom says that photo voltaic module manufacturing capability in India will hit 172 GW and cell capability will method 80 GW by 2026. More than 57% of the put in module capability is focused for M10 and G12 which wafer measurement. Most manufacturing comes from monocrystalline passivated emitter and rear cell (PERC) modules, adopted by tunnel oxide passivated contact (TOPCon), polycrystalline, and thin-film modules.

“Despite many capability additions, the provision of home-made modules stays tight, primarily as a result of cell manufacturing capability has not saved up. Without important and speedy will increase in cell capability, many tasks will face delays as a result of lack of indoor provide,” mentioned Raj Prabhu, CEO of Mercom Capital Group. “The common module costs are anticipated to stay excessive till the provision balances -demand to extend, particularly when there are restricted accessible imports. With commerce restrictions persevering with to tighten as international locations develop their very own home manufacturing provide chains, reliance on exports as a long-term development technique for producers stays extremely dangerous.