The Madhya Pradesh State Government in India has allocated land to multiple companies to transform the state into a manufacturing hub, particularly for solar aluminium frames, PV modules, cells, ingots, wafers, etc. Numerous proposals have been received from manufacturers of solar PV modules, cells, and other solar panel components to establish production facilities in the state.
Image Source: www.flickr.com (Credit- Jeffrey Pohlmann)
Madhya Pradesh Chief Minister Mohan Yadav recently distributed land allotment letters for various solar manufacturing projects in the Mohasa-Babai industrial area of the Narmadapuram district. Among the beneficiaries, Ahmedabad-based Grew Energy received 60 acres to develop a PV cell and module facility, with a proposed investment of INR 2,540 crore (USD 305 million).
Jaipur-based Insolation Green Energy (INA Solar) was allotted 45 acres for setting up a plant to produce aluminium frames and PV cells/modules.
Additionally, Hyderabad-based Premier Energies Global Environment and Gurugram-based Saatvik Solar Industries were each allocated 50 acres. Premier Energies plans to establish a facility for ingots and wafers, while Saatvik Solar will focus on manufacturing PV cells and modules.
Jaipur-based Rays Green Energy Manufacturing, a subsidiary of Rays Power Infra, is set to build a 1.5 gigawatt (GW) solar cell and 3 GW solar module manufacturing facility with an estimated investment of INR 1,400 crore (USD 16.8 million). The company has been allotted 45 acres of land for the project.
Other beneficiaries include Alpex Solar for PV modules and cells, Sunkind Photovoltaics, and Shakti Energy Solutions.
Recently, the state government's Cabinet has nodded to expand the industrial area Mohasa-Babai in Narmadapuram to 884 acres by allotting a further 442 acres to facilitate manufacturing electrical and renewable energy equipment. The state government has established the manufacturing zone to streamline land allotment and approvals while offering advanced infrastructure and shared testing facilities, aiming to significantly reduce manufacturing costs and enhance the competitiveness of the domestic industry.
Meanwhile, India has emerged as the second-largest market for green technologies, driven by a significant surge in funding during the third quarter. In the same quarter alone, clean tech deals worth approximately $2.4 billion were finalised in India—more than four times the value of deals in China. This makes India the second-largest market globally for clean tech investments, trailing only the United States, according to data from BloombergNEF.
Responses
