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SHRIPAD YESSO NAIK)Exports of solar PV modules from India have steadily ris n in last few years. In FY 2021-22, the value of export of solar PV modules was around 83 million USD, which rose to around 1969 million USD in FY 2023-24 and in FY 2024-25 till November 2024, solar PV modules worth around 782 million US
ing PV components domestically.However, this rapid expansion in exports also aises important considerations. With India's increasing PV module production being directed towards foreign markets, there are concerns about meeting domestic demand and achieving the country's ambitio
The International Renewable Energy Agency (IRENA) in its latest report notes that India is emerging as a major solar PV manufacturing and exporting hub, with domestic solar module manufacturing capacity growing from less than 5 GW in 2018 to more than 68 GW in 2024.
SBI report says so amid US export restrictions India's solar module production has surged to 100 GW, but a report by SBI Capital Markets warns of potential oversupply risks. With the US reducing incentives for solar projects, exports have declined, raising concerns about domestic overproduction.
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