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State of solar PV manufacturing 2024
April 7 , 2024
235 days
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- India installed 20.8 GW of solar module manufacturing capacity and 3.2 GW of new PV cell production lines in 2023.
- The nation’s cumulative solar module manufacturing capacity stood at 64.5 GW on Dec. 31, 2023, while its solar cell capacity reached 5.8 GW.
- The state of Gujarat accounted for 46.1% of the country’s cumulative PV module manufacturing capacity.
- Telangana accounted for 39% of all solar cell production capacity.
- India imported 16.2 GW of modules in 2023, 158% up from 10.3 GW in 2022.
- The Domestic manufacturers exported 4.8 GW of solar modules in 2023, up 204% from 1.6 GW in 2022.
- India’s solar cell imports stood at 15.6 GW in 2023, up 169% year on year.
- Solar cell exports reached 286.3 MW in 2023, up 2,765% from 10 MW in 2022.
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