Kosol Energie, part of Munich Re insurance group, has announced aggressive plans to expand its solar module production facility in India.
According to media reports, Kosol Energie has placed an order for an 850 megawatt module production line with SC Solar. With this new line, the company’s annual production capacity will increase to 1.1 gigawatts.
The company claims that it will add another 850 megawatts of production capacity before March 2024, taking the total production capacity to 1.9 gigawatts over the next 12 months.
Kosol’s expansion plans are in line with plans announced by other module manufacturers. The company is focusing on the latest technology for its new production lines. The company claims that it will produce M10 and M12 size modules using mono PERC TopCon and HJT cells. These modules have efficiencies of up to 24.50% and are becoming increasingly popular among project developers across the world.
With this latest technology, Kosol will be able to compete directly with leading Chinese module manufacturers like Jinko, Longi, and Trina, which excel at adopting latest module technologies pushing efficiency limits to new heights.
Most of the old module production lines in India still use legacy technologies like mutual-crystalline or low efficiency mono-crystalline silicon. Such manufacturers are expected to fall out of favor with project developers. The Indian government has taken measures to ensure that new lines are based on the latest technologies, and that manufacturers progressively increase module efficiency every year.
The $3 billion production linked incentive scheme for module manufacturing requires companies to set up lines with a set minimum efficiency. One of the criteria for disbursement of subsidies under this scheme is that manufacturers produce modules with an efficiency higher than that in the previous year.
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