Global solar capacity set to exceed 7,200 GW by 2030
By the close of 2024, global solar manufacturing capacity is projected to exceed 1,100 GW
By the close of 2024, global solar manufacturing capacity is projected to exceed 1,100 GW
This will boost domestic solar equipment manufacturing and India's pursuit to achieve self-sufficiency in the sector.
Implementation had slowed in FY22 and FY23 due to the Covid-19 pandemic-related disruptions and challenges stemming from the efforts to protect the Great Indian Bustard bird.
Imports of solar cells and modules stood at ₹21,850 crore in 2022.
China has invested over $50 billion in new PV supply capacity – ten times more than Europe − and created more than 3,00,000 manufacturing jobs across the solar PV value chain since 2011.