PV Module Production in India Could Reach 6 GW by 2015

The photovoltaic cell and module manufacturing industry in India has developed from less than 200 megawatts (MW) in 2007, to around two gigawatts (GW) in 2011. Bridge to India estimates that it will see "significant" growth over the next few years.

Specifically, it believes that due to falling raw material costs, expected to be triggered by the development of a "healthy" domestic supply chain, module production will grow from 1.3 GW in 2011, to six GW in 2020. Meanwhile, cell production is forecast to increase to four GW, from 700 megawatts (MW) in the same period.

Ingots and wafers, which were not manufactured in India until 2010, will grow to represent capacities of four GW in 2020, up from just 17 MW this year, according to the research company.

More Info: PV Magazine:http://www.pv-magazine.com/news/details/beitrag/pv-module-production-in-india-could-hit-6-gw-by-2015_100005312/

Related Posts:
  1. Spire to Deliver 25MW Solar PV Module Assembly Line to India

    Spire Corporation (Nasdaq: SPIR), a global solar company providing capital equipment and turn-key manufacturing lines to produce photovoltaic (PV) modules,...

  2. Gamesa Starting Up Its First Wind Turbine Production Center In India

    Gamesa reinforces its presence in Asia by starting up its first production center in India   With an initial production...

  3. First Solar To Reach 1.8GW Production Capacity in 2010

    First Solar Announces 2010 Guidance and Capacity Expansion Plans Net sales of $2.7 to $2.9 billion Earnings Per Share (EPS)...

  4. KYOCERA Expands Solar Module Production Capacity

    Kyocera Corporation (NYSE:KYO)(TOKYO:6971) has recently announced that it is increasing its solar module production capacity with the start of construction...

Leave a Reply