Eleven Indian companies have emerged as winners in the second round of the production-linked incentive scheme for high-efficiency solar modules. In particular, Indosol, Reliance and First Solar have received incentives for fully integrated production.
India’s government has earmarked 39.6 GW of domestic solar module manufacturing capacity in the second round of the country’s production-linked incentive schemes. 11 companies became the winners of the incentives.
Indosol and Reliance received incentives for poly-to-module production capacity. First Solar also received incentives for its 3.4 GW fully vertically integrated facility in India.
Waaree, ReNew, Avaada, Grew and JSW have received incentives for module manufacturing capacity integrated up to the wafer stage.
Tata Power Solar, Vikram Solar and AMPIN are building 7.4 GW of integrated cell and module capacity. The production of these production facilities is expected to start in October 2024.
In the first round of the production-linked incentive system, the authorities distributed a total of 8,737 MW.