In fiscal year 2024 alone, India’s solar module exports reached approximately $2 billion, with the United States emerging as the largest destination, accounting for over 97% of these exports. Three major Indian companies—Waaree Energies, Adani Solar, and Vikram Solar—dominated the export market, driving India’s rapid growth as a solar supplier.
India’s solar module exports rose 30.7% in April-October 2025, driven almost entirely by US demand, with emerging traction in new secondary markets across Asia, Africa, and beyond.
In FY2024, India exported over 5.8 GW of PV modules, which was at least three times higher than in FY2023. The nation exported more than 29% of its PV module production in FY 2024, the majority of which was shipped by Waaree Energies, Adani Solar and Vikram Solar – each of which exported more than half of its annual actual production in FY2024.
The export of Indian photovoltaic (PV) modules has risen exponentially by more than 23 times between Fiscal Year (FY) 2022 and FY2024, primarily to the US, which accounted for more than 97% of India’s exports in both FY2023 and FY2024.
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Indian PV module exports surged to $2B in 2024, driven by US tariffs on Chinese imports and global demand. Learn how India is reshaping the photovoltaic market.
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In 2024, India’s solar PV exports have witnessed explosive growth. Data reveals that in September alone, solar module exports amounted to INR 378.0725 million.
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India''s solar PC modules'' exports rise 30.7% in 1st half of FY26, US alone accounts for most rise India’s solar module exports rose 30.7% in April-October 2025, driven almost …
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In FY2024, India exported over 5.8 GW of PV modules, which was at least three times higher than in FY2023. The nation exported more than 29% of its PV module production …
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India imported solar cells and modules totaling over $2 billion (~₹167 billion) in the first quarter (Q1) of the calendar year 2024, up …
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India’s solar exports in Q1 2025 have experienced an impressive 26.1% quarter-over-quarter growth, while imports have surged …
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The U.S. was the primary destination for Indian solar cell and module exports, accounting for 99.5% of the total in Q1 2025. India imported $1.3 billion (~₹112.8 billion) worth …
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India’s module exports to the United States totaled $1.94 billion in fiscal 2023-24 and $756.08 million from April to November 2024.
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The 90-day pause on reciprocal trade tariffs between the U.S. and China may temporarily dampen prospects for Indian solar exporters, …
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India exported solar cells and modules worth $561 million (~₹46.4 billion) in 2022, an increase of 321% year-over-year (YoY) …
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India’s solar manufacturing industry is witnessing a major boost as module and cell exports surged sharply in Q3 and Q4 of 2025, driven by rising global demand for non-Chinese …
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India’s solar PV manufacturing sector is witnessing unprecedented growth in 2025, driven by PLI incentives, ALMM, and rising domestic capacity.
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In FY2024, India exported over 5.8 GW of PV modules, which was at least three times higher than in FY2023. The nation exported more …
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Future Production Goals and Strategic Balance India’s annual PV module production is projected to reach 28 GW by FY2025, but with a significant share being directed …
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The export of Indian photovoltaic (PV) modules has risen exponentially by more than 23 times between Fiscal Year (FY) 2022 and …
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India’s solar sector stands at a critical inflection point. The country has rapidly scaled manufacturing of solar PV modules, and according to an official release by the Ministry …
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In 2024, India’s solar PV exports have witnessed explosive growth. Data reveals that in September alone, solar module exports …
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The U.S. was the primary destination for Indian solar cell and module exports, accounting for 99.5% of the total in Q1 2025. India …
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The export market is and will be a key source of demand for Indian solar PV cells and modules, particularly in case of limited Indian …
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Solar modules overwhelmingly dominated these shipments, accounting for 97.8% of the total. Leading this export charge are India’s top three solar module manufacturers: …
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India’s solar photovoltaic (PV) module exports have seen a remarkable surge, increasing nearly 23-fold from FY22 to FY24, according to a report by the Institute for Energy …
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Several factors have contributed to this rapid increase in PV exports from India FY 2022. These include reduced demand for domestic PV modules following the delayed …
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The export of Indian photovoltaic (PV) modules has risen exponentially by more than 23 times between Fiscal Year (FY) 2022 and FY2024, primarily to the US, which …
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India’s solar exports in Q1 2025 have experienced an impressive 26.1% quarter-over-quarter growth, while imports have surged by an even more dramatic 80.2%. These …
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