India's Solar Cell Capacity To Touch 65 GW By 2030: Sinovoltaics

India’s solar manufacturing sector has seen significant growth, driven by rising module production capacity, according to the July 2025 edition of the Solar Supply Chain Map released by Hong Kong-based consultancy Sinovoltaics. The country’s installed module capacity has reached 68.44 GW, with a target of 120 GW by 2028-2030.

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The report made this assessment after gathering information on 117 companies on their current production of solar cells, modules, wafers, ingots, and  Polysilicon manufacturing capacity.  

The report forecasts solar cell capacity to climb to 65 GW by 2030, while ingot capacity is projected to double from 14 GW to 28 GW. India’s current solar cell production capacity stands at 24.56 GW. The study also highlights that metallurgical-grade (MG) silicon output now stands at 300,000 tons, though declining global prices have put the brakes on expansion in polysilicon production.

Sinovoltaics noted that in 2017, India’s manufacturing base stood at just 3 GW of cells and 8 GW of modules. This growth has largely been enabled by government support through production-linked incentive (PLI) schemes and import duties.

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Despite the progress, the report rings a warning bell: India remains heavily reliant on imported upstream materials and manufacturing equipment. However, with exports rising and firms like Vikram Solar and Tata Power establishing operations in the United States, reports position India to become a major global hub for solar PV manufacturing and exports.

Projected New Solar Cell Capacity Addition by 2027

Source: Sinovoltaics

Based on the data shared by the research organization, there are 23 companies that have planned to add solar cell capacity in India by 2027. Cumulatively, these companies have planned to add 64.63 GWp of new solar cell capacity. Out of the total planned capacity, the data also shows that companies like Waaree Energies, Adani Solar, and Shirdi Sai Electrical are set to build around 10 GWp of solar cell capacity by 2027.