India’s Grew Energy secures $69.3 million in incentives for 2 GW of integrated wafer cell module production.
Chiripal Group’s Grew Energy is one of the 11 winners in the second round of the Indian government’s Production Linked Incentive (PLI) scheme for domestic production of high-efficiency solar modules. It has been awarded $69.3 million in incentives for 2 GW of wafer-to-module manufacturing capacity.
The government has granted a total production capacity of 39.6 GW of solar modules in the second round of the PLI system.
“7.4 GW of generation capacity is expected to be commissioned by October 2024, 16.8 GW by April 2025 and the remaining 15.4 GW by April 2026. So the next three years will be crucial for India’s PV manufacturing sector,” Vinay Thadani said. , CEO of Grew Energy.