RenewSys India Private Limited has started production at its newly commissioned 100 MW solar cell manufacturing line.
The company reported that the new production line is high automated and has been installed with the help of German consultancy Solsol GmbH. The company had announced plans to significantly increase its solar cell production capacity earlier this year.
RenewSys had a 30 MW line operational before this new line was commissioned. In January the company had announced that it would give a repeat order of 100 MW to further increase the production capacity. The company eventually aims to increase its solar cell production capacity to 500 MW per year.
Following the government-backed push for solar power, several module manufacturers have announced plans to increase their production capacity while some companies have plans to enter the solar equipment manufacturing sector.
India is looking to offer a financial support package of $3.1 billion to solar power equipment manufacturing sector. The support, possibly in the form capital cost support, could be offered on per MW basis.