Advertisement
Advertisement
advertisement

India to announce policy for domestic solar manufacturing

In a bid to push Make in India, the government will soon announce a policy to boost end-to-end manufacturing of solar equipments like polysilicon, wafers, cells and panels.

The incentives under this policy to will be given to those setting up manufacturing units worth Rs 1000 crore or more. 

The focus of the policy is to reduce the cost of electricity and capital. Solar equipment manufacturing is an energy-intensive sector, and so special attention is being given to enable manufacturers to procure electricity at the cost of generation without the additional levies of surcharge.

This policy is being designed by the Department of Industrial Policy and Promotion in association with the Ministry of New and Renewable Energy and will be taken to the Cabinet for its approval, soon. 

As the government has raised India’s target for solar power generation to 100,000 MW from 20,000 MW by 2022, there is an acute need to promote equipment manufacturing that is largely dependent on imports. From present levels of manufacturing capacity of 1.5 gigawatts (GW), sources in the government say that the target is to increase it to 10 GW in the next 4 years. 

 

Advertisement
Advertisement

UPCOMING EVENTS

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter India Wind Energy Forum 2019 is almost here! Buy your ticket today https://t.co/2ophHXXrpv See you on Nov 14, 2019!
About 23 hours ago
SolarQuarter SolarRoofs Karnataka 2019 is almost here! Buy your ticket today https://t.co/CVIqStbToI See you on Oct 04, 2019!… https://t.co/JMTQI6azf0
Saturday, 14 September 2019 05:10
SolarQuarter Who Will Win The Most Prestigious EMobility Week Awards In 2019? - https://t.co/e1xBzttu0U
Friday, 13 September 2019 11:47