Indian govt wants solar manufacturers to bid for $2.4 billion in aid

The state-run Solar Energy Corp. of India is seeking bids from solar manufacturers for 195 billion rupees of financial incentives, according to documents published on the agency's website

Solar Energy, Renewable Energy, Green Energy
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Rajesh Kumar Singh | Bloomberg
India is looking for takers for $2.4 billion in government aid it’s offering to stimulate domestic manufacturing of solar power equipment.
 
The state-run Solar Energy Corp. of India is seeking bids from solar manufacturers for 195 billion rupees of financial incentives, according to documents published on the agency’s website. The government is seeking to grow the country’s module-making capacity to as much as 90 gigawatts, enough to meet its own requirements and serve export markets.

Reliance Industries Ltd. and Adani Group, industrial giants run by billionaires Mukesh Ambani and Gautam Adani, were winners in a previous round of solar manufacturing

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First Published: Nov 22 2022 | 8:08 PM IST

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