15 corporations invest $ 3 billion in solar manufacturing

New Delhi (Natural Energy News): US silicon wafer manufacturers 1366 Technologies and First Solar are among 15 companies contemplating a total investment of approximately $ 3 billion to build solar equipment manufacturing facilities at the Government of India initiative to pursue local manufacturing.

About the development, a government official said that these companies have informed the government on their plans for the manufacture of solar cells and modules totalling 10 gigawatts (GW) of wafer and 20GW each. The official told that other leading corporations that have expressed attention include Vikram Solar, Renew Power, Acme Solar and Adani Solar.

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These initiatives announce the 10-sector Producer-Production Incentive (PLI) scheme by the Government of India, which provides a total profit of 1.97 trillion, along with high-efficiency solar modules. Separately, the government also clarified its plan to impose a basic customs duty of 40% on modules and 25% on imports of solar cells from 1 April 2022. The government also plans to create a coastal state, a hilly state and three large manufacturing zones. Land-locked states for electric and renewable energy equipment by providing incentives to manufacturers.

Officially announced, "All corporations have conveyed an ambition to generate equipment in the solar sector, with a manufacturing power capacity of 20GW modules, 20GW solar cells and 10GW wafers predicted in India."

Wafer and ingots — the building blocks for the manufacture of solar cells and modules — are critical to India's ambitious clean energy plans. India has plans to encourage self-sufficiency and reduce dependence on Chinese equipment. Globally, China dominates the manufacture of solar wafers and ingots, but India has no such capability yet. India has a domestic manufacturing capability of 2GigaWatt for solar cells and 10GigaWatt for solar modules.

Power and New Renewable Energy Minister Raj Kumar Singh said, "When we announced that we were going to impose customs duties, we got expressions of interest or letters for the construction of about 20GW cells and modules."

Prime Minister Narendra Modi has said that India will not be able to fully utilize its solar power capacity unless it develops better solar panels, batteries and storage manufacturing capacity.

In response to the email, a 1366 Technology spokesperson said, "I can confirm that we are actively looking for opportunities to build a wafer and cell manufacturing plant in India. Late Tuesday night, a spokesperson for First Solar Emailed

While Vikram Solar plans to reach 5GW capacity in the next three years, Acme Solar is keen to build 1.5GW solar module manufacturing capacity. ReNew Power plans to set up a 2GW solar cell and module manufacturing facility in India and Adani Solar, which has a 1.5GW solar cell and module manufacturing capacity, is building another 2GW capacity.

“Vikram Solar currently has 1.2GW solar module capacity. We are expanding our capacity by building 3GW about a manufacturing plant consisting of solar modules, solar cells and solar wafers across Tamil Nadu, said Saibaba Watukuri, CEO of Vikram Solar. We are planning a total capacity expansion for 5GW in the next three years.

“Raven Power plans to set up a 2GW manufacturing facility for solar modules as well as solar cells, is very much on track. Sumit Sinha, CMD, Revan Power said in response to an email, "We are in advanced negotiations with some negotiating states to set up the facility, and are expected to conclude discussions soon."

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