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According to a new joint report from the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research and Analytics, With 110 gigawatts (GW) of solar photovoltaic (PV) module capacity set to come online in the next three years, India will become self-sufficient and will be the second-largest PV manufacturing country after China. The report finds that India’s cumulative module manufacturing nameplate capacity more than doubled from 18GW in March 2022 to 38GW in March 2023. In terms of upcoming PV manufacturing installations, Gujarat is the leading state in India.
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