Developer Amp Energy India, through its subsidiary AMPIN Solar One, has won 1 GW of integrated PV cell and module manufacturing capacity under the second round of the government’s Production-Linked Incentive (PLI) scheme. It won a maximum incentive of INR 140 crore for the awarded capacity.
Under PLI Scheme Tranche II, the government has allocated a cumulative 39.6 GW of domestic module manufacturing capacity with an INR 14,007 crore outlay to eleven companies.
Amp Energy’s entry into manufacturing will help it gain better control over the supply chain for critical components. The developer has a total renewable project portfolio of 2 GW+ spread across 15 states in India.
“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 which would help us optimize our operations for quality, efficiency, and cost-effectiveness,” said Pinaki Bhattacharyya, managing director and chief executive officer of Amp Energy India. “This new development is a natural extension of our commitment to an Atmanirbhar Bharat [self-reliant India] of making solar power in India using solar cells and modules manufactured in India.”
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