Overview

• ART-PV India’s two-terminal silicon/CdTe-perovskite tandem cell has achieved a record 29.8% conversion efficiency in IIT Bombay labs
• MNRE approved roughly ₹83 crore ($10 million) to establish a pilot manufacturing line on the IIT Bombay campus
• The pilot facility signifies a move from proof-of-concept research toward industrial-scale solar cell production under Aatmanirbhar Bharat goals
• The ministry is finalizing policies and PPP models to attract private investment for commercial wafer-size tandem cell fabrication
• India aims to leverage this breakthrough to lower solar power costs toward Re 1/kWh and strengthen domestic clean-energy innovation