1.TERI Solar PV Manufacturing Report (Solar PV Manufacturing)

What & Where
TERI report “India’s PV Manufacturing & Its Strategic Inflection Points” reviews full solar PV value-chain competitiveness.
Tracks processes: polysilicon → ingot/wafer → cell → module; extends to recycling/circularity.
Focus: India’s scale-up vs China-centric global supply (~80 % production in China).
Quick Facts for MCQs
Policy & Finance
- Incentives: PLI, basic customs duty, ALMM list drove module capacity surge.
- Funding: Sovereign Green PV Bonds + NIIF/DFI blended finance to de-risk upstream fabs.
- FX hedge: RBI/SBI-style facility advised for equipment import currency swings.
Capacity Trends
- Downstream strength: 120 GW/yr module lines operational; >280 GW/yr targeted by 2030.
- Upstream ambition: Integrate polysilicon-wafer-cell production to capture higher value.
- Global outlook: China retains overwhelming upstream dominance despite India’s growth.
Challenges & Risks
- Supply security: 98 % wafer, 92 % polysilicon import reliance threatens deployment resilience.
- Cost hurdle: High capital intensity, expensive domestic credit impede mega-fab viability.
- Sustainability gap: Limited recycling infra risks environmental non-compliance at scale.
Circular Economy
- Actions: Create PV recycling associations, enforce take-back schemes for silicon/silver/glass recovery.
- MNRE prioritisation: End-of-life PV management slated for early policy rollout.
- Market upside: ESG-linked finance may spawn new domestic cleantech recycling sector.
Key Data Points
| Feature | Data-Point |
|---|---|
| Global cumulative PV (2024) | ~2.2 TW |
| Global module capacity (2025 est.) | ~1.8 TW/yr |
| China share – wafers | ~98 % |
| China share – polysilicon | ~92 % |
| China share – cells | ~91.8 % |
| China share – modules | ~84.6 % |
| India module capacity FY25 | ~120 GW/yr |
| India projected module capacity 2030 | ~280 GW/yr |
| India cell capacity FY25 | ~30 GW/yr |
| India projected cell capacity 2030 | ~171 GW/yr |
| Green PV Bond on-lending rate | 4–5 % |
| Proposed skill body | PV–Semiconductor Skill Council |
| Launch platform | Bharat Climate Forum 2026 |
Related UPSC Prelims PYQs
With reference to solar power production in India, consider the following statements:
India's installed solar capacity in 2025 is close to





