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India may exceed 60 GW of solar cell capacity by end of Q1 2027

India's domestic solar cell capacity is projected to exceed 60 GW by Q1 2027, with supply expected to reach approximately half of domestic demand by fiscal 2026-27. This growth is driven by government localization policies and capacity expansion initiatives, though rapid buildout may pressure manufacturing utilization rates and returns.

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Crisil expects India’s domestic solar cell supply to rise to about half of demand by fiscal 2026–27, driven by localization policies and capacity expansion, but warns that rapid buildout could pressure utilization and returns.

The post India may exceed 60 GW of solar cell capacity by end of Q1 2027 appeared first on pv magazine Global.

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https://www.pv-magazine.com/2026/06/18/india-may-exceed-60-gw-of-solar-cell-capacity-by-end-of-q1-2027/

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