India's Solar Module Exports Jump 30.7% in H1 FY26, US Accounts for Most

India’s solar PV module exports rose 30.7% between April and October 2025, based on figures from the Commerce Ministry.  

Export values increased by $219.2 million, from $712.8 million in the same period last year to $932 million this year. The rise comes at a time when several countries are looking for additional suppliers in the global solar market. 

US Contribution to the Rise 

The data show that the US accounted for almost the full increase in exports. Shipments to the country grew 31.83%, moving from $688 million in the first half of the previous financial year to $907.2 million this year.  

The scale of the orders from the US was the main factor lifting India’s overall export numbers. 

Movement in Smaller and New Markets 

Outside the US, a few developing markets recorded early activity. Exports to the UAE increased from $0.2 million to $2.4 million, mostly linked to project-led or re-export demand. Kenya saw an increase from negligible levels to $1.5 million, pointing to more installations in East Africa.  

Limited but recorded shipments also went to Iran, Libya, Tanzania, Hungary, Afghanistan, and Canada, marking early-stage presence in these markets. 

Regional Buying Patterns 

In South Asia, Bangladesh continued to be one of the most consistent buyers of Indian solar modules. Imports eased slightly from $19.8 million to $18.2 million, but the country remained the second-largest destination during the period under review. 

Activity Around Solar Startups 

Parallel to the export trend, the International Solar Alliance noted more participation by startups involved in technology transfer to developing countries.  

These include firms working in Bangladesh, Nepal, Papua New Guinea, and Cambodia, aiming to bring down the cost of solar solutions. Nearly half of these startups are led or co-founded by women under ISA’s SolarX APAC programme. 

Read More: PM Surya Ghar Scheme Achieves 24% of Rooftop Solar Target Ahead of FY 2027! 

Conclusion 

The export data for the first half of the year indicate strong growth led mainly by the US, with smaller markets beginning to contribute modest volumes and widening the spread of Indian solar modules globally. 

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