India PV-Edge 2020 – A Global Summit on solar manufacturing

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News: NITI Aayog, Ministry of New and Renewable Energy and Invest India are organizing a global symposium virtually, ‘India PV EDGE 2020’.

Facts:

  • India has become the third-largest solar capacity country in the world and set an ambitious target of 450 GW of renewable capacity by 2030 comprising 300 GW of solar capacity.
  • 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 Atma Nirbhar Bharat recovery initiative.
  • Cutting-edge giga-scale solar manufacturing stands on three pillars:
    • disruptive PV chemistries
    • manufacturing by custom-engineered advanced production equipment, and 
    • utilisation of innovative BOM components like special glasses and coatings.

Additional Facts:

  • Invest India: It is the National Investment Promotion and Facilitation Agency of India and acts as the first point of reference for investors in India.
    • It was set up in 2009 as a non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry.