India will become the world's second largest solar module manufacturer by 2025.

India will become the world's second largest solar module manufacturer by 2025.

Daily Current Affairs   /   India will become the world's second largest solar module manufacturer by 2025.

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Category : Business and economics Published on: November 17 2023

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  • According to a recent Wood Mackenzie report, India will become the world's second largest solar module manufacturer by 2025.
  • Currently, China is the world's largest solar module manufacturer.
  • Its global share is 80%.
  • Vietnam is in second place with 5% share.
  • India is at third position with 3% share.
  • India and the US have announced over 200 GW of planned module capacity by 2022.
  • India's solar photovoltaic module manufacturing capacity will increase from the current level of about 37 GW to over 60 GW by 2025.
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