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India’s solar glass opportunity – pv magazine International

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Gautam Shahi, the director of CRISIL Scores, mentioned pv journal that photo voltaic glass manufacturing in India is poised for progress. The corporate expects the phase to draw new gamers with important capability growth plans.

From pv journal India

pv journal: What’s the present demand and provide for photo voltaic glass manufacturing in India?

Gautam Shahi: Presently, India can produce about 1,000 tons per day of photo voltaic glass, which is sufficient for module manufacturing of 5 GW to six GW. The nation’s complete module manufacturing capability, nevertheless, is 38 GW. Consequently, there’s a giant demand-supply hole, with home manufacturing assembly solely 15% of the required photo voltaic glass and the remaining being imported from China and Malaysia. For the addition of 35-38 GW of photo voltaic module capability within the subsequent three years or so, our photo voltaic glass capability might want to broaden seven to eight occasions to fulfill the demand.

What’s the potential for progress?

Presently, our nation has put in a solar energy era capability of 66 GW, which the federal government targets to extend to about 300 GW by the yr 2030. It will require a big capability along with the modules.

We consider that for the addition of 35-38 GW of photo voltaic module capability within the subsequent three years or so, our photo voltaic glass capability might want to broaden seven to eight occasions to fulfill the demand.

Do you assume authorities insurance policies assist native manufacturing and supply a degree enjoying area for home producers?

The federal government’s deal with “Make in India” and “Atmanirbhar Bharat,” together with the impetus for module manufacturing by the manufacturing linked incentive (PLI) and Authorized Record of Fashions and Producers schemes, will encourage home manufacturing in a giant method.

Previously, many of the modules, together with glass, have been imported. The imposition of import responsibility on photo voltaic panels boosted module manufacturing in India, which elevated home consumption and manufacturing of photo voltaic glass as effectively. The import responsibility on photo voltaic tempered glass already in place is a constructive for home producers and will generate extra curiosity in new capacities.

What’s the case with new entrants?

There are new entrants in addition to growing the capability of present gamers. As well as, about 15 to twenty gamers have introduced plans to launch photo voltaic module capacities, which can drive the rise in photo voltaic glass capability.

Getting the fee proper, making certain that the change in uncooked materials costs is absorbed by the ultimate product out there, the excessive price of capital and conventional expertise are a number of the constraints for the brand new ones. participant getting into the manufacture of photo voltaic glasses.

Earlier, there was not a lot coverage assist – akin to import restrictions and PLI advantages – to put in extra capacities, which might be the rationale why the price of home manufacturing isn’t the identical as that of imported ones. product.

Though a number of the present main gamers, that are world corporations with a big photo voltaic glass presence outdoors India, have the expertise, the module manufacturing itself is at a nascent stage in India.

Now that a big photo voltaic module capability has been established within the nation, the native demand for photo voltaic glass has elevated and can proceed to extend. With authorities insurance policies that additionally assist native manufacturing, a number of the established gamers are additionally coming to faucet the market.

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