Indian Solar PV Exports Surging
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
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
India exports 97% of its solar modules to the US, says PL Capital India''s solar module exports rose nearly nine times in 2023 and doubled again in 2024. It notes that this
India''s solar module exports to the US are booming, driven by US restrictions on Chinese imports. Indian modules are cheaper, making them attractive.
In the United States, there are two leading types of solar panels: cadmium telluride (CdTe) and crystalline silicon (c-Si). Across the two types, some
India''s solar modules captured 97% of its exports to US (2023-25), up 9x in ''23 & 2x in ''24, as 19-21% cheaper alternative to US-made amid China curbs. Share rose to 11% vs
Data source: U.S. Energy Information Administration, Form EIA-63B, Monthly Photovoltaic Module Shipments Report Note: Includes both domestic shipments and exports.
As a result, the U.S. became the main buyer, taking about 97 per cent of India''s solar module exports between 2023 and 2025. The report shows that India''s solar module exports
India''s solar cell and module exports recorded a robust 65.2 per cent year-on-year growth in the third quarter of 2025, reaching $344.5 million, according to a recent report by Mercom Capital.
Detailed explanation of the core rules for the export of photovoltaic modules, including HS classification (assembled modules under 8541430000), declaration elements,
Since FY23, it has accounted for more than 95 per cent of such exports by India. First Solar exported two-thirds of the solar panels it produced to the US in FY25, double that of
In the United States, there are two leading types of solar panels: cadmium telluride (CdTe) and crystalline silicon (c-Si). Across the two types, some of the manufacturing steps described
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