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The Hindu
The Hindu
National
The Hindu Bureau

Solar PV module plant of Indosol Solar in AP set to go on stream

India

A solar module manufacturing facility set up by transformer maker Shirdi Sai Electricals’ subsidiary Indosol Solar in Ramayapatnam of Andhra Pradesh’s Nellore district is set to commence production.

“We are starting with the production of 500 MW solar PV module from March 31 which is in line with our commitment to Production Linked Incentive (PLI) scheme of the government of India,” Indosol Solar CEO Sharat Chandra said here on Tuesday. The company is among a few in the country awarded projects under the Production-Linked Incentive (PLI) scheme for high-efficiency solar PV modules.

The production line has been built on approximately 30 acres land that was allocated in January 2024. About ₹400 crore has been invested thus far on the project, whose first phase of 5 GW is estimated to entail an investment of more than ₹13,000 crore, Mr. Chandra said. Indosol Solar has been awarded 10 GW projects under two tranches involving PLI of ₹5,170 crore.

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