The Government's recent policy initiatives to promote the manufacturing of solar power equipment in the country will put the industry on a strong footing and help achieve ambitious targets, industry body ISMA said on Wednesday.
The government has set an ambitious target of 500 gigawatts of renewable capacity by 2030, which is about 5 times the current cumulative installations.The majority of this target is expected from solar installations, targeted to touch 280 GW by 2030, which would require India to install 29 GW each year for the next 8 years. "Though India has about 4 GW of cell and 13 GW of module manufacturing, Indian solar sector has been majorly dependent on imports from China. Modules import accounted for more than 65 per cent of total module demand in 2021," the Indian Solar Manufacturers Association (ISMA) said.
