New Delhi [India], November 2 (ANI): Tweaking provide chains of photo voltaic cells to flee the US tariffs will not be an efficient technique due to constraints posed on the cost-effectiveness entrance, in line with Chetan Shah, Chairman and Managing Director of Solex Energy Limited.
Shah acknowledged that India has the dimensions, value benefit, and ecosystem wanted to emerge as a worldwide photo voltaic manufacturing hub.
‘That’s not a sustainable method, only a short-term factor as a result of establishing unit outdoors India and making it value efficient, that is one thing which is a giant problem. Middle East, Qatar and Turkey these nations. I feel India is India. The sort of value that we are able to convey, the sort of the dimensions that we are able to convey. You can see like in 2019, the Indian capability, the mannequin manufacturing capability was six gigawatt. Just with a line of the ALMM scheme, in simply three years, the capability has elevated to 120 gigawatt.’ Solex Energy CMD mentioned reacting to the photo voltaic firm’s transfer to recalibrate provide chains for sustaining entry to US markets.
Talking concerning the commerce diversification efforts of the photo voltaic companies, Shah mentioned, ‘Changing world equations have opened new alternatives for India and Europe to collaborate. ‘As an Indian, we see a number of alternative. We have been inventors up to now, we misplaced it, and now it’s time to regain it once more.’
The firm signed a Memorandum of Understanding (MoU) with ISC Konstanz, Germany, for superior R&D and technological collaboration in photo voltaic cell manufacturing.
Shah emphasised that future success for Indian producers will rely upon placing the precise stability between innovation and affordability.
Commenting on US tariffs, Shah mentioned they’re ‘short-term,’ explaining that ‘US has no selection… they have no manufacturing.’ He famous that India stands to learn from the present geopolitical atmosphere as ‘persons are having a behavior of cost-effective or low-cost merchandise which got here from China and India.’
Just a decade in the past, India’s photo voltaic panorama was in its infancy, with panels dotting just a few rooftops and deserts. Today, the nation has raced forward to script historical past: India has formally surpassed Japan to turn into the world’s third-largest solar energy producer. According to the International Renewable Energy Agency (IRENA), India generated a formidable 1,08,494 GWh of photo voltaic vitality, leaving Japan behind at 96,459 GWh.
India’s cumulative solar energy capability stood at 119.02 GW as of July 2025. This consists of 90.99 GW from ground-mounted photo voltaic crops, 19.88 GW from grid-connected rooftop methods, 3.06 GW from hybrid tasks, and 5.09 GW from off-grid photo voltaic installations, reflecting the nation’s various strategy to increasing renewable vitality.[3]
As a part of the pledge made at COP26, efforts are being directed in the direction of reaching the goal of 500 GW of non-fossil gas electrical energy capability by 2030. This dedication is seen as a key step in India’s clear vitality transition and its broader local weather objectives. (ANI)