Resource detail

Local manufacturing of solar modules is set to soar by almost 400 per cent by fiscal 2025 compared to FY 2020-2021 with 30-35 GW of fresh module capacity at an investment of Rs 50,000 crore across the value chain, says a report. Rating agency Crisil report is based on an analysis of the capex plans of the top 11 domestic module manufacturers that account for 80 per cent of the current solar module installed effective capacity. The solar module manufacturing value chain starts with poly silicon and/or ingots, which are converted into wafers. These wafers are used to produce solar cells, which are then assembled to manufacture solar modules.