{"id":566495,"date":"2023-03-29T09:22:33","date_gmt":"2023-03-29T03:52:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=566495"},"modified":"2023-03-29T09:50:24","modified_gmt":"2023-03-29T04:20:24","slug":"first-solar-avaada-among-winners-of-indias-2-4-billion-green-stimulus","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/first-solar-avaada-among-winners-of-indias-2-4-billion-green-stimulus\/","title":{"rendered":"First Solar, Avaada among winners of India&#8217;s $2.4 billion green stimulus"},"content":{"rendered":"<p>First Solar Inc. and Avaada Group are among winners of India\u2019s Rs 195 billion ($2.4 billion) in incentives to encourage domestic manufacturing of solar modules.<\/p>\n<p>Tempe, Arizona-based First Solar won a government grant of Rs 11.78 billion for its planned 3.4 gigawatt Tamil Nadu plant, which will be a fully integrated facility, Sujoy Ghosh, the company\u2019s India managing director, said by phone. <\/p>\n<p>Avaada Group, backed by Thailand\u2019s oil and gas major PTT Pcl, was also awarded a grant, according to its chairman, Vineet Mittal. The company won a production-linked incentive of 9.62 billion rupees for 3 gigawatts of capacity \u2014 from wafers to cells and modules, he said, adding the company would consider expanding the project to 5 gigawatts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>First Solar Inc. and Avaada Group are among winners of India\u2019s Rs 195 billion ($2.4 billion) in incentives to encourage domestic manufacturing of solar modules. Tempe, Arizona-based First Solar won a government grant of Rs 11.78 billion for its planned 3.4 gigawatt Tamil Nadu plant, which will be a fully integrated facility, Sujoy Ghosh, the company\u2019s India managing director, said by phone. Avaada Group, backed by Thailand\u2019s oil and gas major PTT Pcl, was also awarded a grant, according to its chairman, Vineet Mittal. The company won a production-linked incentive of 9.62 billion rupees for 3 gigawatts of capacity \u2014 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-566495","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/566495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=566495"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/566495\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=566495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=566495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=566495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}