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According to the latest solar news, India’s production capacity of solar modules will increase by 400 percent by Fiscal 2025 compared to Fiscal 2021.
These increases will be supported by strong demand, favorable policies, improved energy efficiency and price competition. Support for government policy and Chinese-related competition will support domestic producers.
This price will close the existing price gap as 40% of the Basic Income Tax will apply to imported modules and the Production linked Incentive (PLI) program. These are not the only 2 things that can make a home module compete for 2–3 cents per watt at current prices.
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