First SolarInc andAvaada Groupare among winners of Indias 195 billion rupees ($2.4 billion) in incentives to encourage domestic manufacturing of solar modules.
Tempe, Arizona-based First Solar won a government grant of 11.78 billion rupees for its planned 3.4 gigawattTamil Naduplant, which will be a fully integrated facility,Sujoy Ghosh, the companys India managing director, said by phone.
Avaada Group, backed by Thailands oil and gas major PTT Pcl, was also awarded a grant, according to its chairman, Vineet Mittal. The company won a production-linked incentive of 9.62 billion rupees for 3 gigawatts of capacity from wafers to cells and modules, he said, adding the company would consider expanding the project to 5 gigawatts.
India plans to more than quadruple its solar generation capacity to 280 gigawatts by 2030, making it an attractive market for module makers. The country has levied import taxes to protect local makers, although it has had to relax a key non-tariff barrier to imports temporarily to prevent a slowdown in project installations.