India to be exporter of renewables equipment

New Delhi: India will emerge as a key player in renewable energy equipment supply chain globally and become an exporter as its solar manufacturing capacity alone would touch 100GW by 2026, a top official said.

The government is implementing a production linked incentive (PLI) scheme with an outlay of Rs 24,000 crore which is estimated to aid setting up 48 GW of solar equipment manufacturing capacity by 2026. “We aim to create India as a leading global supplier of renewable energy (equipment),” New & Renewable Energy Secretary Bhupinder Singh Bhalla said at a CII event here. Bhalla said the solar PLI scheme worth Rs 24,000 crore will create 48GW of new RE manufacturing capacity in next three years. India has 28GW of solar module manufacturing capacity and 6GW of solar cell manufacturing capacity at present, he said. After the implementation of the PLI scheme for solar, India should be in a position to have 100GW solar module manufacturing capacity, he pointed out. “We need to add 30GW to 40GW of solar power capacity every year. We still have a very large substantial capacity for exports.