Solar manufacturing industry still waiting to take off: Bridge to India
Data released by the government suggests that the average size of Indian solar cell and module manufacturing unit is just about 86 MW and 69 MW respectively per annum.In comparison, module production capacity of Trina Solar, a Chinese manufacturer is expected to surpass 6 gigawatt by the end of this year, higher than all 81 Indian module manufacturers put together. According to the Ministry of New and Renewable Energy (MNRE) India’s cell and module manufacturing capacity now stands at 1,212 MW and 5,620 MW respectively. “These numbers appear respectable in the context of India’s solar power generation capacity but the average size of a cell and module manufacturing line in India is just 86 MW and 69 MW respectively,” said Bridge to India in a statement. Despite commitments from several leading industry players and an improved demand outlook, Trina Solar and Adani Group are the only parties still considering domestic manufacturing plans in earnest. Bridge to India’s recent CEO survey findings were largely positive about the potential of domestic manufacturing in India but 60% of the participants don’t expect India to have any fully integrated manufacturing line even by 2022. “It remains to be seen if planned capacities can become genuinely globally competitive but scale being a key determinant of competitiveness, outlook is not very promising for Indian manufacturers despite the solar power generation business going through a boom phase,” said an official from Bridge to India.