Amp Energy has announced a joint venture (JV) with Websol Energy Systems Ltd for manufacturing and production of up to 1.2 GW monocrystalline PERC solar cells and modules. The remainder of the output will be sold in the market, assisting in closing the demand-supply gap for cells and modules in the Indian market. This collaboration with Websol Energy will go a long way toward increasing India’s solar module manufacturing capacity in the future years. Websol’s current factory in Falta, West Bengal, would produce monocrystalline PERC solar cells and modules in two phases of 600 MW each. According to Amp Energy, the company’s entry into solar cell production will enable it provide better control over the supply chain for crucial components.
”This partnership with Websol Energy will go in a long way to ramp up India’s solar module manufacturing capacity in the coming years. There is an extremely strong demand for India-manufactured solar cells and with favourable policies in place, the costs of manufacturing will also go down as industry scales and becomes more competitive. Pinaki Bhattacharyya, MD and CEO, Amp Energy India said “Amp Energy India is a renewable energy IPP (independent power producer) with a portfolio of around 2GW+ spread across 15 Indian states. The company serves as an energy one-stop shop, offering consumers sustainable energy solutions such as solar, wind, hybrids, storage, and energy management”.