production linked incentive

As 2023 comes to an end, PV Tech is reviewing the year in solar, reflecting on some of the biggest stories and trends of the last 12 months.

The Solar Energy Corporation of India (SECI) has released the list of companies awarded in the second round of the Production Linked Incentive (PLI).

Indian solar module manufacturing capacity is forecast to reach around 95GW – up from 39GW at the end of September 2022 – according to research from analyst and consultancy Mercom India Research.

As 2022 comes to an end, PV Tech is reviewing the year in solar, reflecting on some of the biggest stories and trends of the last 12 months. In today’s review, we look back on the industry’s third quarter, which saw the US sign the Inflation Reduction Act.

Solar PV capacity is expected to almost treble over the 2022-2027 period, growing by 1.5TW and will surpass coal as the largest source of power capacity worldwide, according to a report from the IEA.

The government of India has released guidelines on the second round of its Production Linked Incentive (PLI) scheme designed to develop greater domestic PV production and slash the country’s reliance on imports.

India’s government has approved the second round of the production-linked incentive (PLI) scheme to incentivise domestic solar PV module manufacturing.

Renewables developer Amp Energy India has formed a joint venture (JV) with Websol Energy Systems Ltd. for manufacturing up to 1.2GW of monocrystalline PERC solar cells and modules in the north-western Indian state of West Bengal.

India is set to fall well short of its 2022 solar target of 100GW of installed solar capacity due to the slow uptake of rooftop solar, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research.

India’s expanded Production Linked Incentive (PLI) scheme has changed its rules and future rounds will now be open to previous winners, although total capacities will be capped at 10GW. The local content requirement for manufacturer of 90% remains.