MODULE MANUFACTURING SHOW India 2017
India’s solar module production has crossed 5,000 megawatts according to the latest information shared by manufacturers with the Ministry of New & Renewable Energy. The total capacity of installed solar module production lines increased from 5,848 megawatts on 30 June 2016 to 8,113 megawatts on 31 December 2016, a 23% increase. The total number of companies into the business of module manufacturing has also increased from 94 to 104 during the six months.Solar cell production capacity also increased during these six months, from 1,468 megawatts to 2,953 megawatts.
Solar installations in India reached 4 GW in 2016, and are expected to surpass 9 GW in 2017, an incredible pace of growth considering India installed just 883 MW in 2014. With exponential growth in the sector, the government wants to ramp up domestic manufacturing to decrease the volume of solar module imports which, along with installations, has also increased dramatically. The policy makers are also looking at various options to support domestic manufacturers without violating trade agreements.
SINGLE PLATFORM FOR ENTIRE SOLAR MODULE MANUFACTURING SUPPLYCHAIN!
FROM RAW MATERIALS TO MANUFACTURING FACILITIES!
The Indian solar manufacturing sector was active long before any policy or significant market demand existed in India. The sector mainly focused on original equipment manufacturing and exporting to European countries. As manufacturing took off in China, prices dropped to record low levels.
India is working on a plan for making domestic manufacturing of solar power generation equipment competitive vis-à-vis other countries such as China. As part of this strategy, the government plans to come out with a policy to promote manufacturing of the entire range of solar power generation equipment in the country. India’s plan was articulated by Piyush Goyal, Union minister for power, coal, mines and new and renewable energy, at a media briefing regarding the Cabinet Committee on Economic Affairs’ (CCEA) decisions recently.
The development assumes significance given India, world’s third-largest energy consumer after the US and China, plans to achieve 100 GW of solar power generation capacity by 2022 as part of its global climate change commitments. With this background, this event will be the biggest event focussing on solar module manufacturing industry in India. So go ahead and reserve your seats today!!