China’s Linton Technologies Secures Major Order from India
China's Linton Technologies has secured a major order from an Indian firm for equipment to produce enough of the components for a 10 GW solar power plant. The firm plans to capture half of the Indian market.
October 08, 2024. By EI News Network
China's Linton Technologies Group, a manufacturer of machinery for solar wafer production, has secured a significant order from an Indian company.
This was disclosed by Zhixin Li, Chief Executive Officer of Linton Crystal Technologies, at the recently held renewable energy exhibition (REI 2024 EXPO) near New Delhi.
As per reports, the deal involves supplying equipment capable of producing enough components for a 10 GW solar power plant. Linton, with factories in China, the US, and Vietnam, will supply the machinery to India. However, Li declined to reveal who the customer was or how much the deal was worth.
The firm has plans to capture half of the Indian market, as Li said, "India’s wafer manufacturing capacity is likely to reach 100 GW a year by 2030, and Linton aimed to capture half of that market."
Currently, India’s wafer manufacturing capacity is quite limited, with Adani Enterprises Ltd. being the only major domestic player, producing 2 GW annually.
However, Linton's commitment to the Indian market is a reassuring sign for local manufacturers who have expressed concerns over potential Chinese export bans on high-end solar technology.
Moreover, looking at the current scenario, India is also accelerating its efforts to boost domestic solar manufacturing, as the government pushes to meet ambitious renewable energy targets and several major Indian firms are stepping up their investments in wafer production. Adani Group, for instance, is building an integrated solar PV manufacturing facility in Mundra, Gujarat, which includes a substantial ingot and wafer production unit. With an ambitious plan to expand its ingot and wafer capacity to 10 GW by 2025, Adani aims to contribute to its larger goal of generating 45 GW of renewable energy by 2030.
Reliance Industries has also recently announced that it would make its first solar giga-factory operational in FY25. The solar giga factory will include manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location. Moreover, Reliance has set its goal to achieve 100 GW of renewable energy capacity by 2030, contributing to the country's commitment to a clean energy future.
Waaree Energies, one of India's largest solar PV module manufacturers, is aggressively expanding its manufacturing footprint, with plans to add 6 GW to its wafer production capacity by 2031. This expansion aligns with India’s vision of becoming a self-reliant hub for solar manufacturing and reducing its dependency on external suppliers.
Avaada Group has recently laid the foundation for its new manufacturing facility, Avaada Electro, at Nagpur's Addl. Butibori Industrial Park in Maharashtra. This facility, part of Avaada's INR 13,650 crore (USD1.4 billion) investment, will feature a vertically integrated solar manufacturing unit, covering production from ingot and wafer to photovoltaic cells and modules.
Meanwhile, Renaissance Solar and Electronic Materials (RSOLEC), with a significant USD 300 million investment, is setting up a 5 GW silicon wafer facility in India. RSOLEC has plans to ramp up production to 20 GW by 2031, further contributing to the country’s growing demand for solar components.
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