Solar = 82% Of Power Capacity Growth In India In 2022!
And don’t expect the Indian solar power market to slow down. At the end of 2022, 58 GWac of large solar power projects were still in the pipeline and yet another 51 GWac were pending auction. There’s plenty more solar PV project growth for years of growth like 2022 saw. In fact, just combining those numbers, you could have more than 8 years of growth at the 13 GWac level, or you could have more than 5 years of solar power growth above 20 GWac a year.
“Indian module exports jumped more than tenfold between the first and second halves of 2022, with all the increase going to the United States,” NREL writes. Also noteworthy for those Indian module manufacturers, “The US module market yields higher profit margins than the Indian market.” A little more on the specifics of why Indian solar modules flooded the US market, NREL writes, “Mid-year U.S. policies contributed to demand for Indian modules.”
To sweeten the pie and go even further, some Indian solar module manufacturers are reportedly looking at building solar module factories in the United States to take advantage ofI don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall.
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