India is planning a support scheme to incentivize domestic polysilicon manufacturing, a key raw material for solar panels currently 100% imported. This move aims to deepen the solar value chain, with solar cell capacity expected to triple to 100 GW within a year. Additionally, renewable energy is helping reduce DISCOM power purchase costs, with RE-RTC tariffs matching nuclear power at Rs 5.25/unit.
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- ›Polysilicon Import Dependence: 100%
- ›Current Solar Cell Capacity: 32 GW
- ›Target this Data: 100% import dependence for polysilicon; solar cell capacity target 100 GW; ingot/wafer capacity target 80 GW by June 2027.
- ›Target this Nodal Body: Ministry of New and Renewable Energy (MNRE)
- ›Target this Legal Point: PLI scheme for solar PV modules covers both upstream and downstream segments.
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