November 10, 2026. By News Bureau
Que: Given India’s transition toward an integrated PV manufacturing ecosystem, what is Credence Solar’s strategic roadmap for solar cell production, specifically regarding capacities, investment phases, and selected technology platforms?
Ans: India’s shift toward an integrated photovoltaic (PV) manufacturing ecosystem presents a transformative opportunity for companies like Credence Solar. Our strategic roadmap is centred on establishing a robust, vertically integrated supply chain that enhances quality control, reduces dependency on imports, and accelerates technological innovation.
Firstly, we are focused on ramping up our solar cell production capacity in a phased manner. Currently, we have scaled our module manufacturing to 2.2 GW and are aligning our cell manufacturing capacities to match this growth trajectory, with a plan to reach multi-gigawatt scale within the next few years. This phased investment approach allows us to optimise capital allocation while adapting to evolving market demands.
In terms of technology, Credence Solar is committed to state-of-the-art platforms such as TOPCon and upcoming technologies. These platforms offer superior cell efficiency, better degradation profiles, and enhanced energy yields, aligning with both global best practices and India’s ambitions for a high-performance solar industry.
Our vertical integration not only ensures supply security but also empowers us to innovate across the value chain, maintaining high product quality and competitive pricing. This strategic roadmap positions Credence Solar to contribute significantly to India's solar manufacturing ecosystem and meet the increasing demand for reliable, high-efficiency solar solutions.
Que: In light of the industry’s shift toward TOPCon, what core factors, including cell efficiency, bifaciality, degradation, and cost-per-watt, are driving Credence Solar’s technology strategy, and how are you assessing TOPCon relative to HJT and e
Ans: The shift towards TOPCon technology reflects a balanced approach to maximising cell efficiency, enhancing energy yield, and optimising cost-effectiveness, which are critical for delivering value to our customers.
Cell efficiency is a primary factor. TOPCon cells offer high efficiencies in the range of 24-25 percent, enabling greater power output per module compared to traditional technologies. Their inherent bifaciality allows for capturing reflected sunlight, boosting overall energy generation without additional land or infrastructure requirements. Another crucial consideration is degradation; TOPCon technology demonstrates improved stability with lower annual power loss compared to earlier cell types, supporting better long-term returns.
Cost-per-watt remains a decisive metric. TOPCon provides an attractive balance between high efficiency and scalability with relatively established manufacturing processes, which helps maintain competitive pricing.
We continuously evaluate these emerging technologies and maintain flexibility to adopt them as they become commercially viable. Presently, TOPCon represents the optimal blend of performance, reliability, and cost, perfectly aligning with our commitment to quality and affordability.
Que: As cell manufacturing necessitates more rigorous process control than module assembly, what is your approach to automation, yield optimisation, quality assurance, and equipment procurement to ensure global competitiveness in efficiency and cost?
Ans: We fully recognise that solar cell manufacturing demands far more precise process control and sophistication compared to module assembly. Our approach centres on leveraging advanced automation, rigorous yield optimisation, comprehensive quality assurance, and strategic equipment procurement to ensure global competitiveness in both efficiency and cost.
Automation is integrated throughout our cell production lines, minimising human error and ensuring process consistency. We employ cutting-edge robotic systems and AI-powered controls to monitor every step, from wafer cleaning and doping to passivation and metallisation. This not only enhances precision but also allows real-time adjustments to maintain optimal process conditions.
Yield optimisation is driven by continuous data analysis and feedback loops. We utilise sophisticated analytics to detect and address bottlenecks or defects early, enabling preventive maintenance and process tuning that maximises output without compromising quality.
Our quality assurance framework includes multi-stage inspections, including Automated Optical Inspection (AOI), electroluminescence imaging, and electrical testing. These rigorous checks ensure that only cells meeting stringent parameters proceed to module assembly, guaranteeing reliability and performance.
In terms of equipment procurement, we focus on sourcing from global leaders in semiconductor manufacturing technology, ensuring access to the latest and most efficient machinery. Strategic investments are made with scalability and future upgrades in mind.
Together, these focused efforts enable Credence Solar to produce high-efficiency cells at competitive costs, positioning us strongly in the international solar market.
Que: How does Credence Solar intend to leverage advancements in cell technology to enhance module-level energy yields? Could you provide insights into your roadmap regarding high-efficiency modules, advanced interconnection, glass-glass configurations, and lar
Ans: We are committed to leveraging the latest advancements in cell technology to significantly enhance module-level energy yields, ensuring our modules deliver superior performance and reliability.
Our roadmap focuses on adopting high-efficiency cell platforms such as TOPCon. These next-generation cells offer improved conversion efficiencies and reduced degradation rates, translating directly into higher energy production over the module’s lifetime.
To maximise efficiency further, we incorporate advanced interconnection techniques like multi-busbar and shingling, which minimise electrical resistance and improve shade tolerance, thereby boosting module output and durability.
Additionally, we are expanding our offerings with glass-glass module configurations. This design choice enhances mechanical strength, protects against environmental stressors, and increases module longevity, making them ideal for diverse climatic conditions.
We are also actively developing large-format modules to boost power output per panel, reduce balance-of-system costs, and optimise overall project economics. This combination of innovative cell technology, smart design, and robust manufacturing practices enables Credence Solar to deliver cutting-edge solar solutions that meet evolving market demands efficiently and sustainably.
Que: With backward integration becoming essential for reducing import reliance, how does Credence Solar plan to expand its manufacturing value chain, and what is the anticipated role of domestic sourcing within this strategy?
Ans: Backward integration is a strategic imperative to reduce import dependence, enhance supply chain resilience, and strengthen our competitive edge. We are actively expanding our manufacturing value chain by investing in domestic solar cell production capabilities, aligning closely with India’s “Make in India” vision.
Our roadmap includes phased expansion of in-house cell manufacturing capacity, which allows us to control quality, reduce costs, and ensure timely availability of key components. This vertical integration helps mitigate risks from global supply chain disruptions and currency fluctuations, providing greater stability to our production timelines.
Domestic sourcing plays a pivotal role in this strategy. We are committed to building strong partnerships with local suppliers for raw materials and balance-of-system components, fostering an ecosystem that supports innovation and sustainability. By prioritising indigenous materials and technologies, we not only comply with policy frameworks like the Approved List of Models and Manufacturers (ALMM) but also contribute to India’s self-reliance goals.
This integrated approach positions Credence Solar to deliver high-quality, cost-effective solar modules while supporting the growth of India’s domestic manufacturing industry.
Que: As Credence Solar scales its manufacturing operations, what is the accompanying market-expansion strategy? How are you prioritising opportunities across utility-scale, C&I, and rooftop segments, and what role do international markets play in your grow
Ans: Our market expansion strategy is focused on a balanced and targeted approach across utility-scale, commercial and industrial (C&I), and rooftop solar segments, both domestically and internationally.
In the utility-scale segment, we prioritise large infrastructure projects where high-wattage, high-efficiency modules can deliver substantial cost savings and energy yield advantages. Our product innovation and capacity enable us to meet the scale and quality demanded by such projects, helping India meet its ambitious renewable energy targets.
For the C&I and rooftop segments, we emphasise customised solutions that cater to space constraints and performance requirements. Our portfolio includes versatile module options that maximise energy density while maintaining reliability, ideal for these growing markets.
Internationally, we see significant opportunities in emerging markets across Asia, Africa, and Latin America. These regions offer expanding solar demand, and our competitive pricing combined with advanced product offerings position us well for sustainable growth. We are actively building partnerships and distribution networks to establish a strong global presence.
Looking ahead to 2030, this diversified market focus, coupled with continuous innovation and strategic partnerships, will drive Credence Solar’s growth as a leading global solar module manufacturer.
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