According to the latest data from Mercom, India has 64.5 GW solar module manufacturing capacity at the end of 2023 whereas we exported 4.8 GW of modules in 2023 and India’s capacity addition was 7.5 GW.
Taken together we consumed 12.3 GW of modules whereas we have a capacity to produce 64.5 GW .
Are we looking at massive over-capacity in solar module manufacturing in India?
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