US silicon wafer maker 1366 Technologies and First Solar are among 15 companies that are considering total investments of around $3 billion to build solar equipment manufacturing facilities capitalizing on the Indian government’s initiative to push local manufacturing.
A government official aware of the development that these companies have communicated to the government on their plans to manufacture a total of 10 gigawatt (GW) of wafer, and 20GW each of solar cells and modules. The other major companies who have shown interest include Acme Solar, Vikram Solar, ReNew Power and Adani Solar, the official said, requesting anonymity.
These initiatives follow the Indian government announcing a production-led incentive (PLI) scheme that offers manufacturers in 10 sectors, including those of high-efficiency solar modules, total benefits of ₹1.97 trillion.
