India's Solar Waste: A Looming Crisis or Golden Opportunity?

India is on track to accumulate approximately 11,221 kilotonnes of solar photovoltaic module waste by 2047, presenting a critical waste management challenge. Simultaneously, the nation's burgeoning solar manufacturing sector requires substantial raw materials, many of which are imported. Embracing a circular economy through solar PV module recycling offers a dual solution to mitigate waste and decrease reliance on imported materials.

Recycling these modules could satisfy a significant percentage of India's demand for key resources like silicon, aluminum, and copper by 2047, bolstering domestic production capabilities. While global commercial solar PV recycling is nascent, India is actively exploring solutions through MNRE's innovation challenges and R&D initiatives. Companies like First Solar are already establishing recycling facilities within the country.

Despite these efforts, the growth of India's solar module recycling industry is hindered by a lack of comprehensive financial assessments. Understanding the costs and potential returns is crucial for attracting investment and developing sustainable business models. A new study aims to provide this critical financial analysis, supporting government policies and private sector initiatives to scale up efficient recycling technologies.