Emmvee to set up 3GW cell and module manufacturing plant in India

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Representatives from Emmvee and the state government of Karnataka at a signing ceremony. Image: Emmvee.

Indian solar manufacturer Emmvee has signed a memorandum of understanding with the government of Karnataka to set up a 3GW cell and module production plant in the state.

Requiring an investment of INR 8.25 billion (US$110 million), the facility builds on Emmvee’s current 500MW module manufacturing facility in Karnataka’s Bengaluru district, which was expanded in 2017 following the addition of a new stringer tool.

Planned for the town of Dobaspet, the new plant is expected to create 736 jobs.

Bengaluru-based Emmvee is among the 18 companies that have bid to participate in India’s production-linked incentive scheme, which aims to support the addition of 10GW of integrated solar PV manufacturing plants in the country.

Applications totalling 54.8GW were submitted, with half the bidders having no prior solar manufacturing experience, according to consultancy JMK Research & Analytics, which said only three or four companies will eventually benefit from the programme.

Approved in 2020, the PLI scheme will see INR45 billion (US$603 million) allocated over five years to back the domestic production of high-efficiency PV modules as India’s government bids to reduce the reliance on imports as it aims to reach 280GW of installed solar by 2030.

Among the companies expanding their manufacturing footprint in the country are First Solar, which is planning a 3.3GWdc module assembly plant in the state of Tamil Nadu, while Vikram Solar inaugurated a 1.3GW module plant in July.

Last month, Hyderabad-based Premier Energies said it will add an additional 2GW of manufacturing capacity for both cells and modules based on mono PERC technology after it secured INR 2 billion (US$27 million) from a private equity firm.

Read Next

October 13, 2021
Reliance New Energy Solar (RNES) has invested US$29 million in German wafer technology company NexWafe’s Series C financing round as it looks to establish wafer production facilities in India.
October 11, 2021
A subsidiary of Indian conglomerate Reliance Industries has acquired solar module manufacturer REC Group and a 40% stake in EPC and O&M solutions provider Sterling and Wilson.
September 28, 2021
Indian solar manufacturer Premier Energies has secured an INR 2 billion (US$27 million) investment from private equity firm GEF Capital Partners to support its planned increases in cell and module production.
September 27, 2021
A new support scheme from India’s government to boost the domestic manufacture of PV modules has seen 18 bidders submit 54.8GW of applications, according to consultancy JMK Research & Analytics.
September 20, 2021
A subsidiary of Indian utility Tata Power has received a letter of intent to set up a 250MW grid-connected solar project in the state of Maharashtra.
September 13, 2021
The Indian state of Tamil Nadu is planning to develop 4GW of additional solar projects as well as new battery energy storage systems, according to local media.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021