India’s Solar Manufacturing Surge and Its Impact on a Sustainable Future
India’s solar industry is booming! As of 2024, India’s solar PV module manufacturing capacity has reached an impressive 63 GW. This growth has been driven by the Ministry of New and Renewable Energy’s Approved List of Models and Manufacturers (ALMM), which ensures quality and promotes domestic production
How is this happening?
The government is propelling this growth through key initiatives:
Production Linked Incentive (PLI) Scheme: This has led to the establishment of 48 GW of new solar manufacturing units and an investment of approximately ₹35,000 crore
Domestic Content Requirements (DCR) and ‘Make in India’ preferences support local businesses
Basic Customs Duty (BCD) on imported solar cells and modules helps protect Indian manufacturers
The Importance of Solar Waste Management
To address the environmental impact of solar waste, manufacturers must follow the E-Waste (Management) Rules, 2022. These regulations mandate proper disposal, inventory tracking, and responsible recycling of solar waste
Conclusion
At Thermosun, we believe these steps are vital for a greener, more sustainable future. By investing in high-quality, locally manufactured solar panels, we support India’s mission to lead the global solar revolution.
Stay tuned for more updates on solar energy and sustainability from Thermosun!