Longi Solar will be the first Chinese solar company to set up manufacturing facilities in India. The new facility, located in Sri City, Andhra Pradesh, will manufacture 500 MW of monocrystalline cells and modules, respectively. The first phase will see a INR 1,700 crore (around US $26.7 million) investment.
Longi undertook a 500 MW cell and module investment plan in 2016. The company will kick off construction during its AP Investment Summit in February, with production beginning by the end of this year, or the beginning of 2019.
At the end of November, the Indian Government announced plans to ramp up the country’s domestic renewable energy manufacturing industry via an auction for facilities totaling 20 GW.
The local government will support the project by preferential policies relating to power supply, water supply, taxation, waste-water processing, education, training and international certification for a three-year term.