Indian Solar Exports Surge High
POWER & RENEWABLE ENERGY

Indian Solar Exports Surge High

In a significant development for the renewable energy sector, Indian solar exports have witnessed a staggering growth of 227% in 2023, reflecting the country's commitment to sustainable practices. The latest data, sourced from authoritative industry reports, indicates a remarkable surge in solar product exports, positioning India as a key player in the global clean energy market.

This exponential rise in exports can be attributed to several factors. Firstly, the Indian government's persistent efforts to boost the renewable energy sector through policy support and incentives have played a pivotal role. The implementation of investor-friendly policies has attracted substantial investments, fostering innovation and driving the production of high-quality solar products.

Furthermore, the growing global demand for clean energy solutions has propelled Indian solar exports to new heights. With increasing awareness about environmental sustainability, countries worldwide are actively seeking reliable and cost-effective solar solutions, and India is emerging as a preferred supplier in this dynamic market.

On the flip side, while exports are soaring, the import of solar-related goods has also seen a notable uptick, registering an 89% increase in 2023. This bilateral movement underscores the interconnectedness of the global solar market, with nations engaging in a mutually beneficial exchange of solar technologies and products.

This surge in both exports and imports signifies a positive trend for the Indian solar industry, fostering international collaborations and positioning the country as a key contributor to the global transition towards renewable energy. As the solar sector continues to evolve, India remains at the forefront, harnessing its potential to drive a sustainable and eco-friendly future.

In a significant development for the renewable energy sector, Indian solar exports have witnessed a staggering growth of 227% in 2023, reflecting the country's commitment to sustainable practices. The latest data, sourced from authoritative industry reports, indicates a remarkable surge in solar product exports, positioning India as a key player in the global clean energy market. This exponential rise in exports can be attributed to several factors. Firstly, the Indian government's persistent efforts to boost the renewable energy sector through policy support and incentives have played a pivotal role. The implementation of investor-friendly policies has attracted substantial investments, fostering innovation and driving the production of high-quality solar products. Furthermore, the growing global demand for clean energy solutions has propelled Indian solar exports to new heights. With increasing awareness about environmental sustainability, countries worldwide are actively seeking reliable and cost-effective solar solutions, and India is emerging as a preferred supplier in this dynamic market. On the flip side, while exports are soaring, the import of solar-related goods has also seen a notable uptick, registering an 89% increase in 2023. This bilateral movement underscores the interconnectedness of the global solar market, with nations engaging in a mutually beneficial exchange of solar technologies and products. This surge in both exports and imports signifies a positive trend for the Indian solar industry, fostering international collaborations and positioning the country as a key contributor to the global transition towards renewable energy. As the solar sector continues to evolve, India remains at the forefront, harnessing its potential to drive a sustainable and eco-friendly future.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?