India’s 100 GW Solar PV milestone marks major milestone for indigenization capability

In a historic achievement, India has marked a biggest milestone of 100 GW in Solar PV module manufacturing capacity under the Approved List of Models and Manufacturers (ALMM) which is a remarkable leap from just 2.3 GW in 2014.

The achievement is a biggest milestone in the country’s rapid progress in building a self-reliant solar manufacturing ecosystem, in line with the Make in India vision and the global push for clean energy.

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : IOC Q1 Results: Net Profit rises by 45.32%, Revenue rises marginally, Check Shares

The Ministry of New and Renewable Energy (MNRE) introduced the ALMM Order on January 2, 2019, with the first list published on March 10, 2021, enlisting 8.2 GW of capacity.

The capacity has surged around twelvefold to 100 GW driven by 100 manufacturers operating 123 manufacturing units, up from 21 in 2021 in just over four years.

Read Also : NTPC and NLCIL join together for 450 MW Wind-Solar Hybrid project

This reflection of growth is contributed from both established companies and new entrants where many of them adopted high-efficiency technologies and vertically integrated operations, and creates a significant competitive landscape that is capable of meeting domestic and global demands.

The government’s commitment to self-reliance in solar PV manufacturing has been bolstered by initiatives like the PLI Scheme and measures to ensure a level playing field for Indian manufacturers.

Read Also : NSIC enters into MoU with various private sector banks