Finnish containerized energy storage vehicle BESS

A 5 MVA/10 MWh BESS in Kuhmoinen, Finland, has begun commercial operations and changed ownership, marking a big milestone for domestic manufacturing in the Nordic energy storage sector. [pdf]

India downgrades PV module exports

Indian solar module and cell exports decreased 16% year-over-year (YoY) to $1.5 billion (~₹129.4 billion) in 2024 from $1.8 billion (~₹152 billion), according to recent data published by the Department of Commerce. [pdf]

FAQS about India downgrades PV module exports

Does India have a decline in solar cells & module imports?

India has recorded a decline in solar cell and module imports by 20% and 57%, respectively, during the first eight months of the 2024-25 fiscal year, according to a report by analytics services provider Rubix.

Will India's PV module exports decline in 2026?

However, India’s PV module exports to the US and Europe will likely decline starting from 2026 due to the operation of new domestic manufacturing plants in these regions.

Why are Indian manufacturers exporting solar modules?

Despite dependencies on imports for photovoltaic cells and wafers, Indian manufacturers are increasingly exporting solar modules. Government initiatives like the Production-Linked Incentive scheme are boosting local production.

Are India's solar modules oversupply risks?

India's solar module production has surged to 100 GW, but a report by SBI Capital Markets warns of potential oversupply risks. With the US reducing incentives for solar projects, exports have declined, raising concerns about domestic overproduction.

Which Indian solar module manufacturers are planning to expand their production capacity?

Additionally, several Indian solar module manufacturers announced plans to expand their manufacturing capacities. For example, solar module manufacturer Gautam Solar planned to double its annual module production capacity to 2GW by the end of next year through an investment of INR1.5 billion (around US$17 million).

How much did India export solar cells and modules in 2022?

Imports of solar cells and modules stood at ₹21,850 crore in 2022. India exported solar PVs and modules worth ₹4,640 crore in 2022.

India s photovoltaic energy storage requirements

Announced on February 18, 2025, the policy requires solar installations to include a minimum of 2 hours of energy storage capacity, or approximately 10% of the installed solar capacity. [pdf]

FAQS about India s photovoltaic energy storage requirements

Does India need a solar energy storage system?

India’s Ministry of Power has mandated all renewable energy implementing agencies and state utilities must incorporate a minimum of two-hour co-located energy storage systems (ESS), equivalent to 10% of the installed solar project capacity, in future solar tenders. From pv magazine India

Does India need ESS for solar power tenders?

India’s Ministry of Power (MoP) has issued a significant regulatory update requiring all new solar photovoltaic (PV) power tender projects to be equipped with at least 2 hours of co-located energy storage systems (ESS), with a capacity of 10% of the installed solar project capacity.

What is India's energy storage capacity?

As of December 31, 2024, India’s installed energy storage capacity was 4.86GW, of which 4.75GW was pumped storage power (PSP) and 0.11GW was battery energy storage systems (BESS).

How much energy storage will India have by 2030?

The MoP anticipates that, due to this new storage clause, about 14GW/28GWh of energy storage systems will be installed in India by 2030. As the price of energy storage batteries declines, it is expected to help reduce evening power purchase costs, when solar power is unavailable and energy prices in the power trading market are higher.

How many solar panels are being installed in India?

Recently, India reached the milestone of 100GW of cumulative solar PV installed capacity, and according to data from the Ministry of New and Renewable Energy (MNRE), another 84.10GW is under construction and 47.49GW is being tendered.

How much energy will India need by 2031-2032?

According to MoP estimates, India’s energy system will require 73.93GW/411.4GWh of storage capacity (including 26.69GW/175.18GWh of PSP and 47.24GW/236.22GWh of BESS) by 2031-2032 to complement 364GW of solar and 121GW of wind energy.