India takes a giant leap to become a Major Cell Production Powerhouse

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the solar industry is one of the stimulating of economic growth for countries. India, In order to do this purpose, is made a decision to becoming a solar cell producer.

According to PV-Tech news, The recent announcement from India’s Ministry of New & Renewable Energy (MNRE) to approve a 12GW solar scheme for central public sector undertakings (CPSUs) – crucially mandating the use of domestically sourced solar cells and modules – represents the first key step towards India finally creating a route to stimulate multi-GW expansions for new cell and module facilities.

While every country globally would love to be able to have an energy-policy framework that helped stimulate domestic manufacturing, the reality is that only a few countries are in a position to actually do this.
To start with, you need a stable long-term local end-market that investors have confidence in for a minimum of five years, ideally 10-years-plus. Additionally, the demand pipeline for new solar capacity additions needs to be robust, and not lumpy owing to sporadic, high-risk tenders where installations are slow for most of the year and then pick-up in time to qualify for incentives on offer.

If we apply this filter globally in the solar industry, we instantly exclude more than 95% of the countries that make up the 100GW-plus annual demand today. ——————–***——————–
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India takes a giant leap to become a major cell production powerhouse

‘All rights go to the author of the news and image mentioned above’

Location: India

Date: Feb 14, 2019 @ 16:27

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