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SBICAPS Report on Solar Sector Aug25 Integrating to Differentiate – EQ

Summary: — ### 1. Executive Overview * India’s solar module ecosystem has matured, reaching **100 GW manufacturing capacity**, enough for domestic demand. * However, **export opportunities are shrinking**, especially due to the US withdrawing solar incentives, raising risks of **oversupply by 2027**. * Indian players enjoy strong policy support (PLI, ALMM), but the long-term risk […]

IFC INVESTS ~US$ 50 MILLION IN GFCL EV FOR INDIA’s FIRST INTEGRATED BATTERY MATERIALS FACILITY – EQ