India PV EDGE 2020 | UPSC

INITIATIVE

• Efforts are underway to make India a global hub for solar PV manufacturing.
• The companies would also have the opportunity to hear from Indian policymakers who are involved in drawing up manufacturing schemes.

Cutting-edge giga-scale solar manufacturing stands on three pillars:

(i) disruptive PV chemistries

(ii) manufacturing by custom-engineered advanced production equipment

(iii) utilisation of innovative BOM components like special glasses and coatings.

• That is why companies involved in all the three pillars are invited to present and engage the Indian industry in the symposium.
• This will catalyse the momentum for further discussions and collaborations.

• India PV EDGE 2020 is one small step towards that ambition.

KEY FOCUS AREAS

• ‘Investors Roundtable’,  will discuss and deliberate upon issues related to India’s solar manufacturing sector .

• The Covid-19 pandemic has created an enormous impact on the global economy.
• After the 2008–09 financial crisis, green measures accounted for 16% of the total stimulus measures.
• Significant giga-factory announcements are being made by local and global firms.
• The Indian government is also coming up with innovative initiatives to promote cutting-edge solar manufacturing in India.

SIGNIFICANCE

• Solar deployment has been the flagship green growth story of the last decade.
• This would be instrumental to stimulate growth and build a climate-resilient world.
• India has become the third-largest solar capacity country in the world .

• The major factor behind the rise of solar deployment is giga-scale solar manufacturing and the continuous adoption of innovations to reduce prices.
• Hence, solar PV manufacturing is one of the strategic sectors announced by the Indian government as part of the post-Covid Aatmanirbhar Bharat recovery initiative.