Amp Energy wins 1-GW solar cell and module manufacturing capacity under PLI scheme, ET EnergyWorld

New Delhi: Amp Energy India on Wednesday said it has won one gigawatt (GW) capacity for integrating solar cell and module manufacturing under the performance-linked incentive (PLI) scheme tranche-II.

Amp Energy India has won 1 GW for cells and modules, and would be eligible to receive a maximum incentive of Rs 140 crore,” said the official press release.

SECI has declared the winners who would be eligible to receive a total of Rs 139.4 billion under tranche-II of the PLI scheme to manufacture 39.6 GW of solar modules.

“Our foray into manufacturing is a strategic move that will enable us to achieve backward integration and enhance our control over the supply chain for crucial components,” said Pinaki Bhattacharyya, MD and CEO, Amp Energy India.

The release said that the company’s entry into manufacturing will enhance India’s solar module production capacity. The demand for solar cells made in India is high, and with beneficial policies in effect, the manufacturing costs will decrease as the industry grows and becomes more competitive, it further added.

  • Published On Apr 5, 2023 at 12:08 PM IST

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