Gautam Photo voltaic to scheme 2GW TOPCon photo voltaic cell plant in India
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Indian photo voltaic PV module producer Gautam Photo voltaic has unveiled plans to place a 2GW tunnel oxide passivated contact (TOPCon) photo voltaic cell production plant in India.
In a well-known section, the corporate plans to speculate INR10 billion (US$119 million) in the construction of the TOPCon plant with a 2GW annual nameplate capability, for which it obtained a 60-acre parcel of land in the city of Bhiwani, positioned in the northern narrate of Haryana. Nonetheless, the corporate is open to pondering assorted locations for the construction of the plant.
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Gautam’s announcement comes about a days after the Indian Ministry of Original and Renewable Vitality (MNRE) known as for feedback on its Accepted List of Devices and Manufacturers (ALMM), which establishes which manufacturers and merchandise can encourage from subsidies. The Indian authorities proposed a option of unique concepts referring to the inclusion of photo voltaic cells in the ALMM, which is expected to come into power on 1 April 2026.
The company’s 2GW photo voltaic cell plant is aligning itself with the authorities’s tips on photo voltaic cells and the ALMM, which aims to enhance domestic manufacturing capability and decrease the nation’s dependency on imports.
For the time being, Gautam has an operational module assembly plant in the city of Haridwar, in the north-east of India, and is increasing its module assembly plant in Bhiwani, where the corporate aims to invent bigger its operations into photo voltaic cells. Total, the corporate is increasing its annual nameplate capability for modules to 3GW by 2024-25 and to 5GW by 2025-26.
Gautam Mohanka, CEO at Gautam Photo voltaic, acknowledged: “Our impending 2GW photo voltaic cell manufacturing plant is aligning with MNRE’s tips on promoting indigenous manufacturing of photo voltaic cells. We maintain 27+ years of expertise in the photo voltaic industry, and we’re extra strengthening our manufacturing by integrating photo voltaic cell production into our existing operations.”
Gautam Photo voltaic is basically the most modern Indian photo voltaic producer to unveil plans to scheme a photograph voltaic cell manufacturing plant, with the Jakson Neighborhood not too long ago unveiling a US$240 million funding to scheme a 2.5GW TOPCon photo voltaic cell plant, because it additionally aims to invent bigger its module assembly plant to 2GW.
As India ramps up its photo voltaic manufacturing capability with these most modern announcements, the nation has additionally increased its tempo in installed PV capability this year, with 15GW of additions in the key half of of the year, consistent with records from market study company Mercom India. Mercom’s numbers are a minute bit over fellow market study company JMK Study, which estimated additions in H1 2024 of 12.2GW.
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