India exported $1.02 million value of photo voltaic cells and modules in fiscal 2022-23, with america the highest vacation spot, in keeping with ICRA Ltd.

From pv journal India

Indian producers exported $1.03 billion in photo voltaic cells and PV modules in fiscal 2023. America accounts for 97% of all PV module exports from India throughout this era, supported by greater demand for modules amid restrictions imposed on modules coming from China.

The numerous ramp-up of home module manufacturing capacities within the final 18 months additionally supported the expansion of exports.

By fiscal 2023, photo voltaic modules will account for almost all of India’s PV exports. PV cell exports accounted for less than 0.1% of the full.

Export demand will depend on US restrictions on imports from China and the event of home module manufacturing models in america beneath the US Inflation Discount Act.

creator: Vikram V, vp and head of sector – company rankings, ICRA Ltd.

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