In a significant milestone for India's renewable energy sector, solar photovoltaic (PV) module exports have surged over 23-fold from Fiscal Year (FY) 2022 to FY2024, according to the latest report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research &. . In a significant milestone for India's renewable energy sector, solar photovoltaic (PV) module exports have surged over 23-fold from Fiscal Year (FY) 2022 to FY2024, according to the latest report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research &. . 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. With the expiration of the Free Trade Agreement and an ongoing. . The fiscal year 2024 marked a significant milestone for Indian PV module exports, which surged to approximately $2 billion—nearly 23 times higher than fiscal 2022, according to a report by IEEFA and JMK Research., which accounted for 97 percent of exports. However, this focus may strain India's domestic supply, affecting renewable energy goals. IEEFA research recommends balancing export and local. . n in last few years. In FY 2021-22, the value of export of solar PV modules was around 83 million USD, which rose to around 1969 million USD in FY 2023-24 and in FY 2024-25 till November 2024, solar PV modules worth around 782 million US ioned at Annexure-I.
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