India ReNew Power is planning to build 2 gw pv components factory

Solar photovoltaic (pv) net news: recently, one of India's largest producer of renewable energy independent Power ReNew Power announced that will invest 15 billion rupees ( About $200 million) To 20 billion rupees ( About 2. $66. 7 billion) In India to build 2 GW solar cells and components production factory.

the company said it is working with different states in talks to build the factory. ReNew is expected next year, India's domestic demand for solar cells and components will be increased to 15 gw, the new production facilities can not only meet the needs of their own power generation business, but also can meet the needs of the country's other renewable energy projects.

ReNew Power, managing director of Sumant Sinha said: & other; India has become one of the largest renewable energy market, now is to reduce our dependence on imports, and started in the domestic production of key components. ” ReNew said, solar energy, the factory will also meet with the requirement of export photovoltaic devices.

Sumant Sinha, points out that the company is planning to build manufacturing plan is in line with na narendra & middot; Mr Modi's prime minister called for, namely India company & other; Aatmanirbhar” （ Self-reliance) , also accord with the country's 450 increase to 2030 gigawatts (gw) of renewable energy production goals.

according to the company, ReNew the Power currently has 5. 4 gw renewable assets in operation, about 4 at a different stage of development capacity. 6GW。

it is important to note that in terms of the installed capacity of 2019 calendar year, ReNew the Power with the NLC India and Azure Power for India's biggest utility scale solar energy project developers. The three developers total to 35% of the total number of large solar projects.

although, solar panels, the Indian government is trying to promote domestic production, but India's solar battery manufacturing still did not increase. Although the government has taken some measures, such as security tax, domestic content requirements ( DCR） Policy and the approved list of models and manufacturers ( ALMM) And so on, but these measures hardly lead to capacity expansion.

just ReNew Power news release, because of the continuous coronavirus crisis, India pv market supply chain disruptions and transport limit has become the bottleneck of the country's imports.

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this paper statistics the September to today issued a total of 2. 85 gw pv power plant EPC and 1. 9 gw component bid opening information. Among them, the EPC project owner units is given priority to with soe/state, this also reflected from the side, in project bidding and parity, the state-owned enterprises have become the absolute main force. In particular, solar energy, CGNPC in development of 410 mw, 603 mw, guangzhou energy saving 220 mw, 345 mw, jin can group China solar power network, the people vote for 200 mw, 190 mw hubei energy group, huaneng power 180 mw