India Selects Bids For 39.6 Gigawatts Of Solar Module Manufacturing Capacity
The Solar Energy Corporation of India called for bids few months back, offering subsidies to companies looking to set up module manufacturing facilities. Following the bidding process, the governmentThese companies will be eligible for Rs 140 billion in subsidies over a period of five years after they start production.
Successful bidders under the polysilicon to modules integration include Indosol, Reliance Industries and First Solar aggregating to a total capacity of 15,400 megawatts. These companies are required to start production by April 2026. Under the cells to modules basket, three companies were collectively awarded 7,400 megawatts of capacity. They include incumbents Vikram Solar and Tata Power Solar and new entrant AMP Energy. The deadline for these companies to start production has been set as October 2024.
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