Investor Presentaiton
18 |
BOROSIL
renewables
Indian Solar Module Manufacturing Industry: On the cusp of Surge in Manufacturing
India has around 15 GW of solar module manufacturing capacity as of Mar'22
➤ Due to stiff competition from low-priced imports and low installations, the actual utilization of the Domestic
Manufacturing is about 6 GW annually (about average 40-45% utilisation)
However, this trend is expected to change with a favorable policy framework, which will help create enablers for
investments into domestic manufacturing and is also expected to increase share of locally produced modules and
components in the installations with potential to raise exports. About 37 GW new capacity expected to be added by
various existing and new players taking the capacity to over 50 GW.
Waaree Energies:
3 GW
☐
Vikram Solar:
3 GW
The leading module manufacturers/ developers among others
who announced investments in additional/new module
■
Mundra Solar (Adani):
4 GW
■
Renew Power:
2 GW
Tata Power:
4 GW
Reliance :
4 GW
manufacturing capacities
Shirdi Sai Electricals:
4 GW
☐
Coal India:
4 GW
Avaada Energy:
2 GWView entire presentation