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HomeBusinessInvest India Hold Symposium on Solar PV Manufacturing concluded

Invest India Hold Symposium on Solar PV Manufacturing concluded

08 October 2020: “India PV Edge-2020”- a symposium on solar PV manufacturing was organized by NITI Aayog, Ministry of New and Renewable Energy (MNRE) in association with Invest India on 6 October 2020. Around 60 prominent Indian and global CEOs attended the event, along with a number of global PV manufacturers and key players in the industry.

Addressing the gathering, R. K. Singh, Union Minister of State (Independent Charge), Ministries of Power and New and Renewable Energy, said, “In addition to the vision of 450 GW installed renewables capacity by 2030, India has a plan for grid-connected solar and renewables, electricity-based cooking etc.”

He said that India now has the third-largest solar installed capacity in the world. It is one of the few countries on track to meet its three key NDC targets-achieve 40% non-fossil-fuel-based installed power capacity, reduce 33%-35% emissions. India’s installed renewables capacity has gone up by 2.5 times and installed solar capacity by 13 times in the last six years. And 30 GW of solar capacity to be added every year over the next few years. So, the government is looking at implementing various supply and demand side interventions for manufacturing of solar cells, wafers and ingots.

Three parallel sessions also took place on wafer/cell manufacturing, module/production equipment and supply chain and Bill of Materials (BoM). Over 20 R&D companies and experts from across the world provided a snapshot of the future of solar manufacturing The sessions highlighted that giga-scale solar manufacturing stands on three pillars: (i) disruptive PV chemistries; (ii) manufacturing by custom-engineered advanced production equipment; (iii) utilization of innovative BoM components such as special glasses and coatings.

Ministry of New and Renewable Energy Joint Secretary Amitesh Kumar Sinha highlighted the ongoing measures India is taking in leading the world’s largest renewables expansion plan and mentioned that “to promote solar PV manufacturing, schemes such as production-linked incentives to scale cutting-edge solar PV tech-based new manufacturing units.

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