India’s Solar Panel Export Market: Poised to Lead the Global Solar Industry
India’s rapid rise in the global solar industry marks a transformative shift in the photovoltaic (PV) market. With targeted initiatives like the Production-Linked Incentive (PLI) scheme and the Approved List of Models and Manufacturers (ALMM), India is making a significant push to enhance its domestic solar manufacturing capacity. Alongside these efforts, India is witnessing a sharp increase in solar panel exports, positioning the country as a key player in the global solar module market. In this article, we’ll explore how India is emerging as a leader in solar panel exports, the growth of its domestic solar manufacturing industry, and the opportunities for India to dominate the global solar market. What Are Solar Panels? Solar panels, also known as photovoltaic (PV) panels, convert sunlight into electricity. They are made from semiconductor materials like silicon, which release electrons when exposed to sunlight, generating an electric charge. Solar panels are capable of producing e...