TERI Report on India’s PV Manufacturing Ecosystem

On 9th January 2026, The Energy and Resources Institute (TERI) released a landmark report, titled “India’s PV Manufacturing & Its Strategic Inflection Points” at the Bharat Climate Forum (BCF) 2026, in New Delhi.

Key Highlights

Capacity Realities: Strong Modules, Fragile Foundations

  • India has secured dominance in modules, with 144 GW annual capacity from over 130+ producers outpacing current demand of 54 gigawatts direct current (GWdc).
  • However, cells lag at 35 GW/year shortfall (meeting ~81% of 2025 needs and facing a ~24 GWdc/year shortfall), wafers and ingots stand at a mere 2 GW (with a looming 52 GWdc), and polysilicon ....
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