In 2022 India Photovoltaic and Solar DC Cable Both Will Boom Largely

Photovoltaic systems have the characteristics of distributed power generation, which can rapidly increase power generation within a short lead time. In addition, from the perspective of energy security, solar energy is considered to be the safest among all energy sources due to its abundant resources. India, which is located in the tropics and subtropics, has huge potential for photovoltaic power generation.

According to a research by the American Solar Energy Research Institute, assuming that the photovoltaic system can cover 3% of the wasteland area in India, it is estimated that it has the potential to install 748GW photovoltaic systems. In addition, photovoltaic power generation occupies a core position in India's national climate change action plan. Through the launch of the National Solar Energy Mission (NSM) in 2010, the Indian Federal Government and each state have set their own goals to promote ecologically sustainable growth in order to meet India’s energy security challenges. A key goal of the National Solar Energy Mission (NSM) is to create policies and conditions for the promotion of photovoltaics across the country as soon as possible, and strive to promote India to become a global leader in photovoltaics.

On the other hand, JZD Cable as the TOP3 solar dc cable manufacturer in China and we published the 2021 customers report, we found that 35% of our customers were from India. 6mm, 4mm solar cable both belong to the most hottest sizes and more and more purchasers or project contractors chose to buy them largely. Apart from the 4mm, 6mm solar dc cable, the MC4 or MC3 connectors also have been more and more popular.

Indian Prime Minister Modi announced at the 26th Conference of the Parties in Glasgow, England that by 2070, renewable energy will meet 50% of India's energy needs. This means that if the current growth is taken into account, India’s installed capacity of renewable energy will be 500GW by 2030, and an additional 30-40GW of renewable energy will be needed each year to achieve this goal. The tariff announcement and PLI plan issued by the Indian government will make domestic photovoltaic module production a profitable and sustainable business.

People will also see more bidding and installation activities for photovoltaic systems and battery energy storage system solutions in 2022. The increase in the number of electric vehicles will also provide a wide range of market opportunities for the deployment of photovoltaic charging facilities. The opportunity to sell renewable energy in the market and many large enterprises dedicated to the ESG field will also promote the increase of power purchase agreements (PPA) and the deployment of more rooftop photovoltaic systems in the residential sector.

Research shows that Tata Power Solar has become the first choice for installing utility-scale and rooftop photovoltaic projects in the EPC (Engineering, Procurement, and Construction) field in India. The company has an investment portfolio of more than 7GW in India, the rooftop photovoltaic installed capacity exceeds 750MW, and more than 55,000 photovoltaic water pumps have been installed to provide electricity services to millions of people. The company commissioned and deployed many large-scale photovoltaic projects, which can be regarded as benchmarks in the industry. One of the projects is the installation of a 300MW photovoltaic facility for SoftBank Group in the Pavagada Photovoltaic Park in Karnataka.

We can see that there will be more and more chance on solar dc cable market in 2022. The solar dc cable manufacturers will concentrate their production ability on India market. Of course more and more purchasers or projects contractors, traders will searching for more excellent manufacturers all over the world.

JZD Cable has the PSE and TUV certified solar dc cable, 4mm, 6mm both are the hot sale sizes and has been purchased by many customers in lots of countries, such as New Zealand, Australia, The Philippines, Chile and so on.
Overall, 2022 will be a milestone year in India's energy transition, and photovoltaic systems will undoubtedly play a key role in its transition.

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