New Delhi, Nov. 6 -- Recovering and reusing materials from discarded solar panels could be a Rs 3,700 crore worth market opportunity in 2047, according to a pair of new independent studies released today by the Council on Energy, Environment and Water (CEEW).

The studies also highlight that, if this potential is realised, recovering valuable materials such as silicon, copper, aluminium, and silver from solar waste could meet 38 per cent of the sector's manufacturing inputs in 2047 and avoid 37 million tonnes of carbon emissions by replacing virgin resources with recycled ones. India's solar module recycling market is currently at a very nascent stage, with only a few commercial recyclers operating.

The twin CEEW studies provide India's ...