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India’s solar module overcapacity pushes factory utilization to 35–40%

India’s solar module manufacturing capacity has surged to 233 GW, outpacing domestic demand and pushing factory utilization down to 35–40%. A new IEEFA-JMK Research report warns that continued capacity additions could intensify pressure on margins and increase the risk of stranded assets. The post India’s solar module overcapacity pushes factory utilization to 35–40% appeared first on pv magazine Global .

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India’s solar module manufacturing capacity has surged to 233 GW, outpacing domestic demand and pushing factory utilization down to 35–40%. A new IEEFA-JMK Research report warns that continued capacity additions could intensify pressure on margins and increase the risk of stranded assets.

The post India’s solar module overcapacity pushes factory utilization to 35–40% appeared first on pv magazine Global.

Source

https://www.pv-magazine.com/2026/09/01/indias-solar-module-capacity-outpaces-demand-leaving-factories-running-at-just-35-40-utilization/

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