India's Solar Panel Exports Surge as World Looks Beyond China

India is emerging as a major exporter of solar photovoltaic (PV) cells as countries look for alternatives to China for sourcing supplies in their switch to renewable energy to fight climate change.

- AGENCIES

In April-October FY25, India exported $711.95 million worth of PV cells assembled in modules or panels with 96 per cent of the shipments going to the US with the world's largest economy turning away from China. India also exported $25 million of photovoltaic cells that were not assembled into modules in April-October FY25 with 90 per cent of the exports going to the US.

The US was also a key export market for Indian solar photovoltaic (PV) modules, accounting for more than 97 per cent of the country's solar PV exports in both FY2023 and FY2024.