Indian manufacturer Indosol Solar (ISPL) is aiming to achieve 10GW of fully integrated solar photovoltaic (PC) capacity by November 2026, as it expects the Indian government's push towards greener energy will boost demand for solar products in the coming years.
ISPL plans to increase its production capacity for upstream and downstream solar products, which include a 30GW plant for metallurgical silicon and polysilicon and a 20GW plant for solar ingot, wafer, cell and module capacity. It is also aiming to add 1,200 t/yr of solar glass to its portfolio, a source from ISPL told Argus.
The firm has already started commercial production at its 500MW solar module plant in Nellore, Andhra Pradesh state on 31 March. It is expected to add 500MW of solar ingot, wafer, cell and module capacity by the end of this year. This will increase ISPL's integrated solar PV manufacturing capacity to 500MW by the end of December, 5GW by 2025 and 10GW by November 2026.
India's product-linked incentive (PLI) scheme for solar modules manufacturing and its plan to use approved list of models and manufacturers in government-backed solar projects will increase demand for domestic solar products in the country, the ISPL source added.
ISPL was among the three firms selected to establish a solar PV manufacturing plant under the PLI scheme for solar modules manufacturing, which provides incentives for five years post-commissioning of the solar manufacturing plants on the sales of high-efficiency solar PV modules and for domestic value additions.
India is targeting to establish 450GW of renewable energy capacity by 2030, including 300GW of solar capacity.
