Chiripal Group’s Grew Energy is one of the eleven winners in the second round of the government’s production-linked incentive scheme for domestic manufacturing of high-efficiency solar modules. It has been allocated incentives of INR 566.71 crore ($69.3 million) for a wafer-to-module manufacturing capacity of 2 GW.
The government has allocated a total PV module manufacturing capacity of 39.6 GW in the second round of the PLI scheme.
Vinay Thadani, director of Grew Energy, said, “Manufacturing capacity totaling 7.4 GW is expected to become operational by October 2024, 16.8 GW by April 2025, and the balance 15.4 GW by April 2026. So, the next three years will be crucial for the Indian PV manufacturing sector.”
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