Climate Change Mitigation

As India dons the role of a solar superpower, a crucial hurdle in the country’s journey to self-reliance in this sector is the availability of the key raw material—polysilicon. It is a semiconductor that helps convert photons to electricity, thereby forming the brick of solar cells. The production of polysilicon—an energy-intensive material—requires copious amounts of high-quality silicon. While silicon is abundantly found in India and the rest of the world, competition for the mineral is extremely high.

So far in this series, we discussed different aspects of India’s solar PV sector, including taxation, policies, and the journey towards sustainability. In this concluding piece, we focus on popular technologies, innovations, challenges, and opportunities.

India’s solar photovoltaics (PV) market is rapidly growing. However, to reach the ambitious goal of 500 GW of renewable energy by 2030, there is a pressing need to increase installed capacity and generation targets. With only around 62 GW of installed solar capacity achieved by the end of 2022, India fell short of its 100 GW target for the year. Favourable policies, financial support, technological advancements, and a competitive market are essential for further advancing the growth of India’s solar PV sector.

In the previous article, we discussed the gaps in key areas that hamper the sustained growth of India’s solar PV market. In this article, we shift our focus to two critical aspects that are influencing the sector - ALMM and BCD.