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Obviously, Chinese companies still dominate the world PV industry.
India
Though now firmly established as a solar world leader, and set to overtake the U.S. to become the world’s second-largest market in the near future – IHS Markit forecasts India to be responsible for 11% of solar demand by 2021, from its current level of 8% – India has remained well behind the East Asia region in terms of manufacturing.
“There was some capacity growth in India, from small additions (e.g. BHEL’s 200 MW cell and module ramp) to larger gigawatt expansions like that of Adani,” continues Jade Jones. “While many major Chinese suppliers have previously expressed interest in expanding manufacturing in the region, most held off in 2017.”
Given its huge appetite for solar, and the recent trade issues that have slowed its growth somewhat, most analysts expect Indian module manufacturing to ramp up over the coming years. This will most likely be led by the established Chinese manufacturers spreading their activities further afield.
“India’s domestic production capacity is not enough, and the market has had problems with trade war,” says Corrine Lin. “I think building a module manufacturing group is important. Chinese manufacturers will want to open factories, or start further cooperation with local producers.”
Indian manufacturer Adani announced plans to increase its capacity from 1.2 to
2 GW earlier this year, and leading mono c-Si producer Longi announced plans in early 2018 for 2 GW of new manufacturing capacity in India.
“Longi is making modest capacity investments in select markets to hedge against the risks of trade protectionism, while remaining focused on the Chinese domestic market,” stated Wenxue Li, President of Longi Solar, announcing the plan for production in India. “According to preliminary estimates, the new expansion will support $380 million in annual sales and roughly $19 million in net profit every year.”
https://www.pv-magazine.com/2018/07/20/top-10-crystalline-pv-module-manufacturer-ranking/
India
Though now firmly established as a solar world leader, and set to overtake the U.S. to become the world’s second-largest market in the near future – IHS Markit forecasts India to be responsible for 11% of solar demand by 2021, from its current level of 8% – India has remained well behind the East Asia region in terms of manufacturing.
“There was some capacity growth in India, from small additions (e.g. BHEL’s 200 MW cell and module ramp) to larger gigawatt expansions like that of Adani,” continues Jade Jones. “While many major Chinese suppliers have previously expressed interest in expanding manufacturing in the region, most held off in 2017.”
Given its huge appetite for solar, and the recent trade issues that have slowed its growth somewhat, most analysts expect Indian module manufacturing to ramp up over the coming years. This will most likely be led by the established Chinese manufacturers spreading their activities further afield.
“India’s domestic production capacity is not enough, and the market has had problems with trade war,” says Corrine Lin. “I think building a module manufacturing group is important. Chinese manufacturers will want to open factories, or start further cooperation with local producers.”
Indian manufacturer Adani announced plans to increase its capacity from 1.2 to
2 GW earlier this year, and leading mono c-Si producer Longi announced plans in early 2018 for 2 GW of new manufacturing capacity in India.
“Longi is making modest capacity investments in select markets to hedge against the risks of trade protectionism, while remaining focused on the Chinese domestic market,” stated Wenxue Li, President of Longi Solar, announcing the plan for production in India. “According to preliminary estimates, the new expansion will support $380 million in annual sales and roughly $19 million in net profit every year.”
https://www.pv-magazine.com/2018/07/20/top-10-crystalline-pv-module-manufacturer-ranking/
