We are pleased to announce the successful launch of our report ‘PV Supply Chain Resilience & Sustainability -- India – EU Cooperation ’ as part of 1st India Solar Manufacturing summit, organized by NSEFI in collaboration with the EU-India Clean Energy & Climate Partnership and PwC India, on 15th December 2023.
The event was graced by Shri Bhagwanth Khuba, (Hon’ble Minister of State, New and Renewable Energy, Chemicals and Fertilizers), Shri Bhupinder Singh Bhalla, (Secretary, MNRE), Mr. Dinesh Jagdale (Joint Secretary, MNRE), Shri Pradip Kumar Das (Chairman & Managing Director, IREDA), Mr. Bartosz Przywara (Counsellor, European Union Delegation to India) (Virtually), Mr. Chintan Shah (Principal Advisor, NSEFI), Mr. Subrahmanyam Pulipaka (CEO NSEFI).
Additionally, the summit was attended by stakeholders across the solar value chain, policymakers, experts, and industry leaders.
Background of the study:
Over the last decade, the global solar PV manufacturing capacity has gradually moved from Europe, Japan and USA to China and have been concentrated in one country. Today, with the growing solar energy demand the solar PV manufacturing is getting highly monopolized and there is a need for a resilient supply chain as with concentration of PV supply chain is bringing vulnerabilities, delays in imports, pricing and ultimately posing potential challenges for the energy transition.
Hence, to meet international energy and climate goals the global deployment of solar PV is and will grow on an unprecedented scale. Therefore, there is demand for a major additional expansion in manufacturing capacity, and the concentration of PV manufacturing is raising concerns about the world’s ability to rapidly develop resilient supply chains. Today, the world almost completely relies on China for the supply of solar panels and this level of concentration in any global supply chain would represent a considerable vulnerability where solar PV is no exception.
Additionally, in the pathway of net zero emissions Solar PV’s demand for critical minerals will play a dominating role in solar PV manufacturing and its resilient supply chain. Hence, today it is the need of the hour to cooperate and collaborate for critical minerals and solar PV manufacturing.
Session Objectives:
The summit witnessed the launch of Report on “PV Supply Chain Resilience & Sustainability” undertaken as a part of the EU-India Clean Energy & Climate Partnership Project. The key initiatives taken by various organizations to support the PV manufacturing in India was discussed along with insights into the pathway for measures that can be taken for resilient supply chain along with how the international solar community and states can collaborate for solar PV manufacturing. Additionally, a dedicated roundtable on building resilient PV Supply Chain was held with panelist from US embassy, Australian High Commission and Smart Energy Council.
