India Bi-facial Solar Market Overview, 2031

Market Insights on India Bi-facial Solar Market

• India's bifacial solar market has emerged as a transformative force in the nation's renewable energy landscape, with the Ministry of New and Renewable Energy reporting that cumulative solar power capacity reached 132.85 GW as of November 30, 2025. This includes 100.80 GW of ground-mounted solar capacity, 23.16 GW of grid-connected rooftop solar, 3.34 GW from hybrid solar components, and 5.55 GW from off-grid solar installations. The country added an unprecedented 37.9 GW of new solar PV capacity during 2025, representing a remarkable 54.7% increase compared to 2024.
• According to the research report, "India Bi-facial Solar Market Overview, 2031," published by Bonafide Research, the India Bi-facial Solar market is anticipated to grow at 18.76% CAGR from 2026 to 2031. Bifacial modules now constitute a substantial and growing share of these installations, with major tenders from NTPC Renewable Energy Ltd and the Solar Energy Corporation of India increasingly specifying crystalline bifacial modules as the standard requirement. The market's evolution has been propelled by the government's ambitious target of 500 GW renewable capacity by 2030, with solar energy serving as the primary driver.
• Rajasthan leads the nation with 36 GW of cumulative installed capacity, accounting for 27% of the total, followed by Gujarat with 24.8 GW and Maharashtra with 17.2 GW—together representing over 58% of India's total installed solar capacity. The Ministry's Production Linked Incentive (PLI) scheme has accelerated domestic manufacturing, with India's solar module manufacturing capacity growing substantially from 6.0 GW in FY2019 to 100.0 GW in FY2025.
• The ALMM framework has been instrumental in ensuring quality standards, with multiple revisions throughout 2025 adding new manufacturers and expanding bifacial module capacity. The market's trajectory reflects a deliberate national strategy that integrates technological advancement with energy security objectives, positioning bifacial technology as central to India's clean energy transition.

Competitive Landscape of India Bi-facial Solar Market

• The competitive dynamics of India's bifacial solar market are defined by landmark project commissions, aggressive manufacturing capacity expansion, and a robust regulatory framework that prioritizes domestic production. Mahindra Susten commissioned 560 MWp of utility-scale solar capacity in 2025 across two projects 280 MWp in Gujarat and 280 MWp in Rajasthan utilizing next-generation n-type TOPCon bifacial modules paired with high-efficiency inverters and dry-cleaning systems. The projects span nearly 2,000 acres, deploy approximately one million solar modules, and are expected to generate approximately 1,000 million units of clean electricity annually, supplying power under 25-year PPAs with Gujarat Urja Vikas Nigam Ltd and Rajasthan Urja Vikas Nigam Ltd.
• Tata Power has entered the ALMM List-II for solar PV cells with a combined capacity of 4,813 MW, including 4,480 MW of Mono Crystalline PERC Bifacial cells and 53 MW of Mono Crystalline TOPCon Bifacial cells from its Tamil Nadu plant. GREW Solar has received ALMM approval for 3 GW of G12R bifacial n-type TOPCon modules at its Dudu facility in Rajasthan, with efficiencies of up to 23.14%, and is scaling its module capacity to 11 GW from 6.5 GW. The company's G12R 635 Wp modules deliver 6–7% higher power density per container and 1.5–3% more power generation per square meter than standard TOPCon modules. Inox Solar commenced production at its 3 GW solar module manufacturing facility in Bavla, Ahmedabad, with a first-phase capacity of 1.2 GW producing advanced N-type TOPCon bifacial modules.
• Solitech Green Energy added 1,321 MW of bifacial N-Type TOPCon glass-to-glass modules to the ALMM list. The entry barriers include substantial capital requirements, with ICRA analysts noting that only 70–75% of manufacturing capacity can adapt to newer technologies such as TOPCon and bifacial modules, requiring significant investment and making manufacturing increasingly scale-driven and capital-intensive. Consumer behavior shows clear preference for TOPCon bifacial technology in utility-scale applications, as evidenced by NTPC REL tenders requiring crystalline bifacial modules with minimum 570 Wp nominal rating.

India Market Dynamics

Driver: Production Linked Incentive Scheme and ALMM Framework
India's bifacial solar market is driven by the Production Linked Incentive (PLI) scheme, which incentivizes manufacturers to enhance competitiveness while Basic Customs Duty discourages imports, promoting self-reliance. The ALMM framework ensures quality standards, with successive revisions to ALMM List-II for solar PV cells released between July 2025 and February 2026 accelerating domestic manufacturing. The PLI scheme and financial assistance for solar cell manufacturing are accelerating growth. ADM Solar, a beneficiary of the PLI scheme, is expanding to manufacture high-efficiency bifacial modules based on N-Type TOPCon technology.

Challenge: Manufacturing Overcapacity and Industry Consolidation
India's bifacial solar market confronts significant challenges from severe overcapacity, with ICRA analysts warning that the solar module manufacturing sector is headed for consolidation over the next three to five years. The industry faces falling module prices driven by global oversupply and China's dominance in the solar value chain. Only 70–75% of manufacturing capacity can adapt to newer technologies such as TOPCon and bifacial modules, requiring substantial investment and making manufacturing increasingly capital-intensive. Exports to the US, one of India's key destinations, are expected to slow due to investigations into Chinese components and higher tariffs.



Trend: Technology Transition to N-Type TOPCon Bifacial Modules
India's bifacial solar market is witnessing a decisive technology transition toward n-type TOPCon bifacial modules, with module types in the ALMM list increasingly including Bifacial PERC and N-Type TOPCon, with wattage outputs reaching 710 Wp for advanced bifacial TOPCon modules. Gautam Solar launched an n-type bifacial solar panel with power outputs of 620-640 Wp and efficiency of 23.69%. Vikram Solar launched its HYPERSOL G12R series offering up to 80% bifaciality. The technology's superior bifaciality, low-irradiance performance, and low attenuation make it the preferred choice for utility-scale applications across India.

Segment Analysis

India Bi-facial Solar Market by Type
• Dual-glass bifacial modules have become the standard architecture in India's utility-scale market, with NTPC REL tenders requiring crystalline bifacial solar PV modules listed in ALMM List-I. Solitech Green Energy added 1,321 MW of bifacial N-Type TOPCon glass-to-glass modules to the ALMM list. GREW Solar's G12R high-power TOPCon dual-glass modules with 132 half-cut n-type bifacial cells deliver 6–7% higher power density per container. Credence secured BIS certification for its 710 W and 730 W TOPCon N-Type modules featuring an 18-busbar, 132-cell bifacial dual-glass design. The double-glass construction provides enhanced durability for India's diverse climate conditions.
• Glass-backsheet bifacial modules serve commercial and industrial rooftop applications where weight constraints are a consideration. ALMM module types include features such as glass-to-glass and glass-to-transparent backsheet configurations. TOPCon bifacial modules in glass-to-glass format have raised concerns about installation on sheet metal roofs due to structural and performance requirements. The technology continues to evolve with manufacturers developing improved backsheet materials for enhanced rear-side light capture.

India Bi-facial Solar Market by Cell Technology
• Passivated Emitter and Rear Contact bifacial technology maintains a significant presence in India's market, with Tata Power adding 4,480 MW of Mono Crystalline PERC Bifacial solar cell capacity. Adani Solar's Mundra facility added 1,939 MW of Bifacial Mono PERC cells. ReNew Photovoltaics added 1,766 MW of bifacial Mono c-Si PERC cells. Premier Energies enlisted 1,924 MW in Mono PERC cells. The technology's mature manufacturing processes and established supply chains enable rapid deployment across utility-scale applications.
• Tunnel Oxide Passivated Contact technology has emerged as the dominant cell architecture in India's bifacial market, with GREW Solar receiving ALMM approval for 3 GW of bifacial n-type TOPCon modules with efficiencies up to 23.14%. Tata Power added 53 MW of Mono Crystalline TOPCon Bifacial cells. Inox Solar commenced production of N-type TOPCon solar modules using M10, G12R, and G12 solar cells. Emmvee Energy added 1,553 MW of bifacial N-type TOPCon cells. Waaree Energies added 3,923 MW of monocrystalline TOPCon bifacial solar cells. Mahindra Susten deployed n-type TOPCon bifacial modules across 560 MWp of commissioned projects.
• Heterojunction technology is establishing a growing presence in India's bifacial market, with manufacturers developing HJT modules featuring double-sided microcrystalline technology. Vikram Solar's 5 GW AI-driven module plant utilizes vacuum/gripper robotics to reduce breakage on thin wafers, improving bifaciality retention for TOPCon and HJT technologies. The technology's superior temperature coefficient and bifaciality characteristics make it attractive for India's diverse climate conditions. HJT's open patent system provides expansion opportunities in the Indian market.
• Emerging technologies continue to evolve in India's research landscape, with Rayzon Solar signing a 5 GW deal with Caelux to make perovskite-silicon modules in India, expected to be eligible for government-tendered utility-scale projects supported by MNRE's PLI program and ALMM framework. These emerging technologies represent the next frontier in bifacial solar innovation, with potential for commercialization as manufacturing scales and costs decline.

India Bi-facial Solar Market by End-User
• The utility-scale segment represents the dominant end-user market for bifacial solar technology in India, with 100.80 GW of ground-mounted solar capacity installed as of November 2025. NTPC REL issued tenders for 1,000 MW of crystalline bifacial modules for projects in Lalitpur and Chitrakoot, Uttar Pradesh, and 1,200 MW for the Khavda Renewable Energy Park in Gujarat. Mahindra Susten commissioned 560 MWp of utility-scale solar capacity using n-type TOPCon bifacial modules. Large ground-mounted projects continued to dominate the sector with 117.36 GW of installed capacity. Utility-scale projects in Rajasthan, Gujarat, and Maharashtra lead capacity addition.
• The commercial and industrial segment represents a growing application for bifacial technology in India, with 23.16 GW of grid-connected rooftop solar capacity installed as of November 2025. GREW Solar's modules are designed for reliable performance across commercial, industrial, and rooftop projects. The PM Surya Ghar: Muft Bijli Yojana scheme aims to install rooftop solar systems in one crore households by FY 2026–27 with a total outlay of INR 75,021 crore. The C&I segment benefits from favorable economics and the ability to deploy bifacial modules on flat roofs and ground-mounted systems.
• The residential segment represents an emerging but growing application for bifacial technology, with the MNRE implementing the PM Surya Ghar scheme nationwide since February 2024. The scheme targets residential sector installations with significant government support. The New Solar Power Scheme for Tribal and PVTG habitations aims to provide electricity through off-grid solar systems in locations where grid-based supply is not techno-economically feasible. The PM-KUSUM scheme provides financial support to farmers for standalone solar pumps and solarisation of existing grid-connected agricultural pumps, aiming to add 34.8 GW of solar capacity.


Considered in this report
• Historic Year: 2020
• Base year: 2025
• Estimated year: 2026
• Forecast year: 2031

Aspects covered in this report
• Bi-facial Solar Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Dual-Glass Bifacial Solar
• Glass-Backsheet Bifacial Solar

By Cell Technology
• PERC
• TOPCon
• HJT
• Others

By End-User
• Utility-Scale
• Commercial & Industrial
• Residential