In Short : India has achieved a significant milestone in clean energy: under the Approved List of Models and Manufacturers (ALMM) framework, its capacity to manufacture solar PV modules has increased from 2.3 GW in 2014 to 100 GW. A key component of the At manirbhar Bharat vision, its rapid expansion encourages clean technology self-reliance while moving the nation closer to its ultimate renewable objective of 500 GW non-fossil capacity by 2030.
The Journey Of Transformation
This trip reflects the wider sustainable energy boom in India. From a dozen units to 123 manufacturing facilities run by 100 enterprises, local manufacturing has grown because to policies like the Production Linked Incentive (PLI) plan and ALMM standards. These domestic initiatives allow for competitive pricing for solar components, improve supply chains, and reduce the need for imports.
The Impact On The Industry And The Sentiment Of Investors
India’s green goals are strengthened and investor confidence is increased by a domestic industrial base. Businesses using solar infrastructure, particularly utility-scale farms and rooftop solar systems, benefit from stability as supply risk is reduced. As domestic module supply supports reliable project pipelines, investors are probably also responsive, which might support share price developments in the solar industry.
Aligning With Solar Infrastructure Needs
India seeks to increase hybrid systems that combine solar and storage as grid-scale development picks up speed. By enabling effective solar system designs, modular rollout, and support for decentralized installations, this home module capacity lessens dependency on non-renewable resources and promotes sustainable development.
The Final Line
India’s emergence as a global center for solar production is highlighted by its surpassing 100 GW module capacity. This accomplishment, which is backed by strategic policy and investment, builds momentum for clean energy and provides a robust, reasonably priced infrastructure foundation for the country’s renewable energy journey.
