Page 35 - Bullion World Issue 10 February 2022_Neat

Bullion World | Issue 10 | February 2022

Silver paste imports by major Month Kgs INR crore
players in India – 2019 Jan 2311 3.81
Feb 1958 0.73
• Import quantity- 38.58 MT
Mar 2668 3.36
• Import Value- INR 70 crore
Apr 2695 6.34
May 2356 6.24
Jun 2419 4.65
Jul 1818 3.75
Aug 4838 8.87
Sep 4562 10.59
Oct 5556 10.32
Nov 2905 7.24
Dec 4499 4.32
Total 38586 70.22

Segment-wise imports of silver paste

Industry MT % share
Solar 21.83 56
Paints 3.92 10
Glass 2.48 6
Others(Printing/ textiles/varnish/Foils/
10.37 26
chemicals/polymers

Projections of demand for silver paste in solar PV in India
Electricity produced from 1 mw in watts 10,00,000
Output per panel in watts 340
Number of panels per MW 2941

Silver intensity per MW in Kg 40

Installed Capacity in MW till 2019 37999
Paste consumed for the total Capacity in MT 1520

Projected Capacity for next 5 years in MW 40000
Silver paste requirement till 2025 in MT 1600

Assumptions:
On an estimated quantity of 40Kg/MW silver paste intensity, the
imported volume of 21.83 MT would translate into 545 MW of
domestic cells and modules installed in the country.

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