In just a year, ALMM-listed solar PV cell manufacturing capacity has increased from around 13 GW to roughly 31 GW across eight revisions. With a substantial pipeline of commissioned, under-construction and announced projects, capacity is expected to cross 100 GW by June 2027.
India is witnessing a remarkable expansion in solar cell manufacturing. In just a year, ALMM-listed cell manufacturing capacity has increased from around 13 GW to roughly 31 GW across eight revisions. With a substantial pipeline of commissioned, under-construction and announced projects, capacity is expected to cross 100 GW by June 2027.
This is more than a capacity addition. It marks the emergence of a deeper technology and manufacturing base for India’s solar industry. The country has already established significant module manufacturing scale, and the rapid growth of cell manufacturing is now adding the technological depth behind that scale.
The solar cell is the technology-defining component of a module and accounts for roughly 60 per cent of its value. As the industry moves towards higher-efficiency technologies such as Topcon and beyond, cell manufacturing is where technology, process expertise, quality and innovation increasingly converge.
