From pv magazine India
Bidders who failed to win projects under the Indian government’s production-linked incentives scheme for solar manufacturing still stand a chance to secure funding, because the authorities are providing USD 3.2 billion of additional funding for the subsidy program.
Power Minister RK Singh recently told the PTI news agency that the government has approved the ministry’s proposal to expand funding. The additional funds will help more manufacturers under the incentives scheme, paving the way for India to become a solar panel manufacturing hub and exporter.
Jindal India Solar, Shirdi Sai Electricals and Reliance New Energy Solar have already secured funds under the incentives scheme to support gigawatt-scale production of high-efficiency solar modules. Other companies – including Adani Infrastructure, First Solar, Coal India, Larsen & Toubro, Renew Solar, Tata Power, and Waaree Energies – are on the waiting list to obtain similar support. The waiting list will be valid for six months after the announcement of successful bids.
Singh said that at present, India has a solar module production capacity of 8.8 GW and cell capacity of 2.5 GW. The incentives scheme tender drew bids for 54.5 GW of solar equipment production capacity.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.