L R AS Published on Sunday 3 October 2021 - n° 376 - Categories:India

Enthusiastic reception for the installation of photovoltaic plants in India

India's plan to boost domestic PV manufacturing has seen 18 bidders submit 55 GW of applications. It aims to support the addition of 10 GW of integrated PV manufacturing plants

A total of 19 GW of bids have been submitted for polysilicon manufacturing, 32 GW for wafers and 55 GW for cells and panels.

Reliance, which wants to invest $10 billion and Adani $20 billion over the next ten years, are expected to be the main beneficiaries of this plan.

The beneficiaries of this plan will have to set up a power plant with a minimum capacity of 1 GW, while the maximum capacity that can be allocated to a company is 50% of the capacity of its offer or 2 GW. The lower of the two conditions is retained.

The government has earmarked $603m over five years to support the domestic development of high-efficiency PV panels as part of the government's efforts to reduce dependence on imported PV equipment.

Of the 18 bidders, nine have no prior experience in manufacturing solar products, JMK said. First Solar and CubicPV are the only two international applicants.

As of May 2021, the Indian manufacturing sector had annual capacities of about 2.5 GW for cells and 9 GW to 10 GW for panels.

https://www.pv-tech.org/indias-pli-solar-manufacturing-scheme-receives-55gw-of-bids/

PV Tech of 27 September 2021

Editor's note: To have eighteen companies wanting to install 55 GW of panel capacity shows the enthusiasm of Indian leaders for this new business. Government subsidies are certainly stimulating this enthusiasm, but not only if we note the small amount of money planned: $603M, i.e. $30M per applicant and $10M per gigawatt installed!

India intends to set up a photovoltaic industry much more quickly than the United States. The former has limited government support to five years. The latter has planned seven years with two more years of decreasing support. It's a safe bet that three major players will share the global PV industry within five to ten years.

What about Europe?

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