Published on January 7th, 2016 | by Saurabh0
RenewSys India Plans 500 MW Solar Cell Production Line
January 7th, 2016 by Saurabh
With rapidly increasing interest in the solar power development market in India, companies are now looking to expand the solar cell and module manufacturing capabilities too.
RenewSys India has announced that it placed an order with European companies to set up 100 MW of solar cell production in Hyderabad, India. The new production line will add to the company’s existing 30 MW capacity.
The company also announced that it plans another order of 100 MW in the third quarter of 2016 and fosters plans to have an annual production capacity of 500 MW. The company will also increase the 80 MW production line for solar modules, also located in Hyderabad.
The Indian government plans to have an operational solar power capacity of 100 GW by April 2022. While the majority of this capacity is expected to use low-cost imported solar modules, a significant amount of capacity will have to be set up using solar cells and modules assembled in India.
Projects to be commissioned under the Domestic Content Requirement will be set up with government-owned companies and entities like the Indian Railways, Indian Armed Forces, NTPC Limited, and NHPC Limited, among others.
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