BusinessPhoto: Mercom IndiaIndia's Solar Wafer Expansion Faces Cost and Utilization Challenges
India plans to expand solar ingot and wafer manufacturing to about 80 GW by June 2028, led by Agastya Energy's ₹78 billion investment in a 12 GW facility in Orvakal, Andhra Pradesh. The project aims to create 3,500 jobs and support a 5 GW solar cell and module capacity. Challenges include high financing costs, polysilicon import dependence, capacity utilization, and competition with Chinese manufacturers, risking oversupply and cost disadvantages.
Mercom India··Orvakal



