Amp Energy India has won $17 million in incentives to set up a one GW integrated solar cell and module manufacturing capacity.
Developer Amp Energy India has secured 1 GW of integrated solar cell and module manufacturing capacity through its AMPIN Solar One subsidiary in the second round of the Government of India’s Production Linked Incentive (PLI) scheme.
Under PLI Scheme Tranche II, the government has allocated 39.6 GW of domestic module manufacturing capacity. Amp Energy India says its foray into manufacturing will help it gain better control over the supply chain of critical components. The developer has a total renewable energy project portfolio of 2 GW spread across 15 Indian states.
“Our venture into manufacturing is a strategic step to achieve backward integration and improve our control over the supply chain of critical components, which would help us optimize our operations in terms of quality, efficiency and cost-effectiveness,” said Pinaki Bhattacharyya. Managing Director and Managing Director, Amp Energy India. “This new development is a natural extension of our commitment to Atmanirbhar Bharat (Self-Reliance India) to generate solar electricity in India using solar cells and modules made in India.”