Adani Solar will be ramping up the domestic content of solar PV module manufacturing capacity in December. Adani group is striving to boost Indian domestic content in its products and reduce polysilicon and wafer imports from China.
A unit of the Indian conglomerate Adani group with businesses spanning coal, power, agriculture and infrastructure, Adani Solar has a plant in Gujarat state and undertakes both rooftop and EPC solar project installations.
The current production capacity of the Adani solar PV module is 1.5GW per year. The Indian conglomerate is all set to commission an all-new production line of 2 GW in December 2021. Combining all, the facility shall be able to produce around 7.6 million units a year.
“There is going to be an additional push on energy transition in the country, and we already have sufficient traction which will increase,” Nair said, referencing the UN Climate Change Conference in Glasgow, where India increased its renewable energy target from 450 GW to 500 GW by 2030.
India has a total of 388.13 GW installed generation capacity out of which solar constitutes 45.61 GW capacity.
In September Adani chairman Gautam Adani said the group would invest over $20 billion across renewable energy generation, component manufacturing, transmission and distribution over the next 10 years.
CHINA IMPORT AND PRICE OUTLOOK
Adani group aims to develop a domestic supply chain when the majority of India’s solar components come from China. “The polysilicon will be made here, that is the focus area,” Nair said, noting a three-year timeline to establish the necessary plant. “In two-and-a-half to three years you will have the complete value chain of solar manufacturing in the country,”.
Adani Solar group has bid to be a beneficiary of the Production Linked Incentive Scheme for module makers.
The factors influencing the cost of the solar panels and other equipment are the basic customs duty of 40% on module import and 25% duty on solar cells. PLI schemes will lead to a lot of self-sufficiency.
Nair is a member of the Confederation of Indian Industries’ National Council for Renewable Energy. He is also the CEO of Adani Solar company.
Reference: SP Global