Indian solar sector may face oversupply by 2027: SBI Capital
India’s solar industry could face a potential oversupply as cumulative installations are expected to reach 190 gigawatts by 2027, according to a recent report by SBI Capital.
This concern arises due to a declining scope for exports following recent actions by the United States to roll back incentives for solar projects, the report noted.
According to the report, capacity additions are set to hover around 40-50 GW annually in the coming years to meet India’s renewable energy targets, requiring a steady-state module manufacturing capacity of 100 GW.
