Solar equipment makers get funding support

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Factory projects will be awarded based on which bidder seeks the least amount of viability gap fundingThe government will offer viability gap funding (VGF) to make solar power equipment ranging from solar cells to finished panels, Union power minister Piyush Goyal said. The scheme will support integrated factories where every component that goes into solar power generation is produced. China controls 70% of the global solar equipment market. At present, India can produce only 1.2GW of solar cells and 5.6GW of solar panels a year, and the rest is met through imports from Europe and China. Projects to set up solar equipment factories will be awarded based on which bidder seeks the least amount of VGF—a form of financial support from the government to meet the shortfall in the project cost.



One Response to "Solar equipment makers get funding support"
  1. Manoj pande says:

    Dear Sir,
    It looks to be only for the PV Panels. What about another very important ( though smaller in Rupee terms) components i.e. Solar Inverter/ SMU/SCADA. Why not to extend the scheme for these as well !
    It is pity that country has not a single manufacturer and what will happen to after sales after some time.
    ON the top this , while MNRE has awarded the contribution by Indian companies in PV , projects etc on 7th June at Vigyan , DELTA and SMA were acknowledged 1st & 2 nd !! For what contribution .Selling / dumping by importing them to India.

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