星期一, 11月 29, 2021
Home PV News Asia India planning more than five-fold increase in funding for PLI solar manufacturing...

India planning more than five-fold increase in funding for PLI solar manufacturing scheme

India’s solar module manufacturing capacity is currently at 8.8GW.

Source:PVTECH

India’s government is set to scale up funding for its production-linked incentive (PLI) programme for solar manufacturing as it eyes exports of PV equipment.
While the scheme was originally designed to allocate INR 45 billion (US$604 million) over five years to back the domestic development of high-efficiency PV modules, this will be increased to INR 240 billion (US$3.22 billion), said India’s minister of new and renewable energy, RK Singh.
A petition to sanction additional funds for the programme has been approved in principle by the government, Singh told news agency PTI, adding: “We would be exporting solar equipment.”
The minister also revealed that India’s solar module manufacturing capacity is currently 8.8GW, while cell manufacturing capacity is 2.5GW.
Approved last year, the PLI scheme will allocate funding over five years to support the domestic development of modules as the government aims to reduce reliance on imports. Singh said the programme received bids for 54.5GW of solar manufacturing capacity.
The Indian Renewable Energy Development Agency (IREDA) last week revealed that Jindal India Solar Energy, Shirdi Sai Electricals and Reliance New Energy Solar have been selected as the beneficiaries of funding under the PLI, with each submitting bids for 4GW of manufacturing capacity.
The programme will see transformer manufacturer Shirdi Sai Electricals receive INR 18.75 billion (US$252 million), Jindal India Solar Energy INR 13.9 billion and Reliance New Energy Solar INR 11.9 billion over five years
A subsidiary of Indian conglomerate Reliance Industries, Reliance New Energy Solar last month acquired module manufacturer REC Group and a 40% stake in EPC and O&M solutions provider Sterling and Wilson before investing in German wafer technology company NexWafe, which is aiming to establish giga-scale wafer manufacturing facilities in India.
Other recent solar manufacturing announcements in India include Emmvee signing a deal to set up a 3GW cell and module production plant in the state of Karnataka, while Premier Energies received funding to add an additional 2GW of manufacturing capacity for both cells and modules based on mono PERC technology.
Speaking at a conference earlier in the year, Singh said it was “unhealthy” for manufacturing to be concentrated in just one country and that other production bases were needed “so that there is no disruption in the world supply chain”.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

CSI Solar signs strategic partnership agreement to focus on renewables and battery energy storage

Canadian Solar subsidiary CSI Solar has signed a strategic cooperation framework agreement with Contemporary Amperex Technology Co. Ltd. (CATL) that will focus on energy...

New German coalition sets enhanced energy goals, doubles solar PV target to 200GW by 2030

Germany’s new three-way coalition government of the SDP, Green and FDP parties have set guidelines for future energy policy in the country which include...

European Commission approves US$2.5bn Greek policy to support 4.2GW of renewables

The European Commission (EC) has approved a €2.27 billion (US$2.56 billion) Greek scheme to support 4.2GW of installed renewables capacity after assessing it in...

R.Power launches US$226m tendering programme as Polish PV portfolio proceeds

Polish solar developer R.Power is tendering for PV modules, structures and other components worth nearly €200 million (US$231 million) as it seeks to build...