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A new report by ICRA says large-scale solar in the country will likely achieve the 60 GW target set by the Indian government. Rooftop solar and wind, however, will see a shortfall

India will reach a cumulative renewable energy capacity of 120-125 GW by December 2022. This will include 50% from solar, 38% wind and the balance from other sources—according to ICRA analysts.

The analysts expect utility-scale solar capacity to achieve the 60 GW target set by the government. Rooftop solar and wind power segments, on the other hand, will see a shortfall.

Sabyasachi Majumdar, Group Head & Senior Vice President-Corporate ratings, ICRA, said, “While [the 120-125 GW estimate] is lower than the capacity target of 175 GW set by the Government of India (GoI), the incremental capacity addition is estimated to be healthy at 33-38 GW with investment outlay of more than Rs 2 lakh crore over the next two-and-a-half years.”

ICRA expects this to be supported by a large pipeline of projects awarded by central nodal agencies and state distribution utilities (discoms) and likely improvement in execution timelines.

ICRA expects RE capacity addition to remain subdued at about 8 GW in FY2021, given the continued execution challenges amid Covid-19, because of disruption of supply chain as well as labour availability issues.”

Nonetheless, ICRA expects the overall medium- to long-term investment outlook for the renewable energy sector to remain strong supported by highly competitive tariffs, policy support and new schemes such as peak supply, round-the clock supply and RE plus thermal blending.

Mondragon Assembly Services

Our technical support services include the following, amongst others:

  • Over 50 technicians worldwide
  • Remote diagnosis. Remote internet connection and diagnosis and solution for most incidents.
  • Preventive maintenance programs. Qualified personnel visit to make machinery adjustments and give advice.
  • Supply of mechanical, electrical, etc., spares. Provision of supplies and raw materials when needed.


Read more about PV Solar Solutions

ESMC Mondragon Assembly

ESMC promotes solar manufacturing in Europe, the creation of a political environment to support industrial manufacturing and research and to maintain it at the top level globally. It promotes the development and investment in solar technology along the whole value chain, i.e. materials, wafer, modules, inverters and other electronic components to assist high level system integration as well as production of equipment in Europe.

This is a summary of ESMCs objectives. In MONDRAGON ASSEMBLY we agree with all of them and we openly demonstrate our commitment to push in this direction:

  • Sustainability criteria in publicly supported PV deployment programmes.
  • Tighter networks between Europe’s PV industry and R&D centres.
  • Retention of strategically important IP in Europe, especially if developed with European taxpayers’ money.
  • The reduction of financial risks and financial support underwritten or provided by public sources for large-scale manufacturing investments in Europe, including for a possible Franco-German GW-scale initiative under the lead of an industrial company responsible for producing and selling the products..
  • Market pull policies to support innovative EU-developed technology in European countries.
  • Integration of the output of multi-GW cells and module factories with development aid in Africa and other developing countries.

MONDRAGON ASSEMBLY is a European leader in the manufacture of machinery for photovoltaic modules, covering several cutting-edge technologies. With more than 20 years in the sector and more than 15GW of production capacity supplied, it has become a European benchmark in the solar world and in the manufacture of machinery for the solar sector in particular.

Do you want to know more about our manufacturing solutions for the solar business sector?

Please feel free to contact and us in order to give you the best solution to reach your business goals

Some 5.9 GW of utility scale PV generation capacity was added in 2019-20, plus 1.7 GW of rooftop solar, with domestic module manufacturers enjoying around 40% of the market.

India added around 5.9 GW of utility scale solar generation capacity and 1.7 GW of rooftop PV in the last financial year, according to Haryana-based analysts JMK Research and Analytics.

The additions took the country’s total capacity to around 35 GW at the end of March.

With 1.7 GW of new solar added in 2019-20, Rajasthan was one of three states, along with Karnataka (1.4 GW) and Tamil Nadu (1.3 GW) which between them accounted for around 60% of the new capacity added in the last fiscal year.

Leading suppliers

Domestic solar manufacturers supplied around 40% of the modules installed  during the accounting period – for utility scale projects, on-site consumption, off-grid capacity and solar pumps – and two of the top three suppliers were Indian: Waaree, with 10.1% of the module market, and Adani, with 8.6%. Chinese manufacturer Risen was the second-largest supplier in India, accounting for around 9.9% of the market.

Leading developers

JMK Research and Analytics India has predicted India will add around 6.6 GW of utility scale solar and 1.4 GW of rooftop and on-site-consumption solar capacity during the current fiscal year.

At the end of March, India had some 35 GW of project capacity at the bidding stage and 22 GW in the development pipeline, according to the analyst.

Mondragon Assembly India

Mondragon Assembly has a technical&sales office which is located in New Delhi.

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The SEP was established in April 2018 whose objective is to encourage meaningful engagements through robust government-to-government cooperation and industry engagement. The next Ministerial meeting will be held in 2021.

Part of the Sustainable Growth pillar of the US–India Strategic Energy Partnership (SEP), IEMF aims to engage Indian researchers, knowledge partners, think tanks and national and international government agencies and departments for modelling and long-term energy planning.

NITI Aayog has announced the governing structure of the India Energy Modelling Forum (IEMF) following its constitution in July. The Forum was jointly launched by NITI Aayog and United States Agency for International Development (USAID) under the US–India Strategic Energy Partnership.

Part of the Sustainable Growth pillar of the US–India Strategic Energy Partnership (SEP), IEMF aims to engage Indian researchers, knowledge partners, think tanks and national and international government agencies and departments for modelling and long-term energy planning.

The governing structure of IEMF will consist of an inter-ministerial and a steering committee.The inter-ministerial committee will be convened by NITI Aayog and headed by its CEO,and comprise senior officials from the ministries of petroleum and natural gas; power; new and renewable energy; coal; environment, forest and climate change; and department of science and technology. This committee will review the studies/modelling activities and provide directions and new areas of research.

Mondragon Assembly India

Mondragon Assembly has a technical&sales office which is located in New Delhi.

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The country—which meets over 80% of the solar module demand through imports—can turn the present crisis into an opportunity by ramping up domestic manufacturing with measures like fiscal incentives.

India would require solar modules worth about Rs 15,000 crore to meet its domestic demand of 10 GW per year. Meeting half of this requirement through domestic production could save the country possible forex outflow of Rs 7500 crore per year—according to a report by Council on Energy, Environment and Water (CEEW)

India has imported solar cells and modules worth Rs 17,600 crore annually to meet the demand-supply mismatch in the past five years. Imported solar modules meet 80 to 90% of the demand.

Scalling facilities in India

The report stated Covid-19 pandemic presents India an opportunity to reduce its reliance on imported products and at the same time, boost domestic manufacturing to tap the global demand. 

It added a strategic plan is needed to increase the market share of domestic solar products beyond 50%. 

India can focus on setting up an additional 10 GW of manufacturing capacity for ingots, wafers, cells, and modules. The government must provide fiscal and regulatory support to incentivize both domestic and foreign manufacturers to scale up their facilities in India. Import of machinery to manufacture these products should be exempted from customs duty, ensuring competitiveness in the global market.

CEEW Centre for Energy Finance estimates India’s Ministry of Finance collected approximately Rs 4,500 to 5,000 crore from safeguard duties since August 2018. 

The report suggested that “to avoid additional cost. This revenue could be allocated to incentivize domestic manufacturing for solar cells; for instance, Rs 2,000 crore can support 10 GW of domestic cell and module production for one year if Rs 2 per watt is provided to domestic manufacturers.”

Mondragon Assembly India

Mondragon Assembly has a sales&service office which is located in New Delhi.

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The Basque cooperative and the Chinese brand Autowell Technology Co. (ATW) have reached an agreement to share a patent owned by MONDRAGON Assembly.

This innovative solution allows photovoltaic module manufacturers to increase their productivity.

Mondragon Assembly S.Coop, a leading Spanish company dedicated to delivering solutions and equipment for the PV Industry, and ATW, one of the top manufacturers of automation equipment for PV products in China, have entered into an agreement to share the Intellectual Property of a patented solution owned by Mondragon. The function of the equipment, known as “continuous stringing”, is specifically located at the tabbing and stringing process, which allows 15% more productivity in cells per hour. According to this agreement, ATW will be able to deliver this solution to all PV module manufacturers worldwide.

About Mondragon Assembly

Mondragon Assembly is an international group specializing in the development of automation and assembly solutions. The Group currently has six production plants in Spain, Mexico, France, Germany, China and Brazil, and a subsidiary in India. They also have a strategic network of commercial offices in leading world economies.

Mondragon Assembly is a leading producer of equipment for the manufacture of solar panels and batteries. The company designs and provides turnkey production lines and machinery for photovoltaic systems and batteries. Mondragon Assembly has been providing innovative manufacturing technology for over fifteen years.

It offers a wide range of services for the solar panel manufacturing industry, including product design advise, raw materials selection, fast-track panel certification, production ramp-up support, personnel training, and transfer of know-how.

In battery production, Mondragon Assembly offers complete assembly lines for module and battery pack production and energy storage systems for research and development machines. The company can develop solutions for the production of cylindrical, prismatic and pouch cells.

About Autowell Technology Co.,Ltd.

Founded in 2010, Wuxi Autowell Technology Co., Ltd. is a well-known automation equipment manufacturer in the photovoltaic and lithium-ion battery industry, with more than 1000 employees. Autowell has focused on the research and development according to the needs of PV industry, and has successively launched several products including the PV cell stringer, laser cutter, wafer inspection system and light induced annealing furnace, which help customers to improve productivity, meet their lean manufacturing requirement and realize the setup of smart factories.

Autowell became an automation provider in the lithium-ion battery industry in 2016 and its own lithium-ion battery modules, intelligent pack assembly lines and lithium-ion battery inspection system have gained the acceptance of leading lithium-ion battery pack manufacturers.

By the end of September 2020, the company has provided stable and reliable equipment, services and solutions to nearly 400 production bases for customers in 32 countries.

On 21 May, 2020, Autowell was listed on the Technology Innovation Board of the Shanghai Stock Exchange, stock code: 688516.

After 12 months, the construction of the new Mondragon Assembly building in Kunshan (China) has now been completed. The new plant is expected to be operational by mid-October.

With an investment of over 3 million euros, the new site has a large workshop space of 3,000 square metres, as well as 1,200 square metres of office space. There is also the option to extend both spaces in the future up to a total of 5,500 square metres of workshop space and 2,000 square metres of office space.

This new headquarters is yet another milestone reached in the consolidation of the Group in China since it began its activity there in 2013. Year after year, Mondragon Assembly Kunshan has been growing in a sustainable and steady way, not only in sales but also in experience, teamwork, capabilities and quality, until becoming a benchmark in automated turnkey solutions for multiple sectors such as the motor industry, solar energy, electrical and medical equipment, to name but a few.

The new premises will allow the company to continue its growth in China, with the aim of providing solutions of a high technological value to its clients in the Asian country, and also to establish itself as a global supplier of automated projects.

About Mondragon Assembly Kunshan

Established in 2013, the subsidiary currently has a staff of 85 people, 70% of these being engineers.
In 2020 the company will have achieved 12 million euros in sales.

About the Mondragon Assembly Group

Mondragon Assembly is an international group specialising in the development of automated assembly solutions. It has six production plants around the world: its headquarters in Aretxabaleta (Gipuzkoa, Spain), Mexico, France, Germany, China and Brazil, as well as subsidiaries in India and the MENA region. It operates in sectors such as the motor industry, solar energy, household appliance components, electronic components, medical devices and cosmetics.

  • The project is able to produce eleven million units per month that the organisation will be able to sell and contribute the funds to its social objectives.

  • It will create 25 jobs for people with disabilities.

  • Mondragon Assembly has established itself as a key supplier of this type of system. Its production lines produce around 50 million units per month.

The equipment has already arrived at the Inditex premises, and production is scheduled to start this winter in Bergondo (A Coruña).

Inditex has donated a batch of 4 automated lines manufactured by Mondragon Assembly for the mass production of masks to the Galician Confederation of People with Disabilities (COGAMI).
The project, valued at 2.3 million euros, has the capacity to produce eleven million masks per month that the organisation will be able to sell to contribute to its social objectives.
With this order, the cooperative has now produced 15 production lines since the beginning of the pandemic, establishing itself as a significant supplier of this type of system at a national level.

It is estimated that the machines that Inditex has donated to COGAMI will begin production during the winter, once the installation work, which will be carried out in collaboration with Mondragon Assembly, has been completed.
The machinery will be installed at a COGAMI site located on the industrial estate at Bergondo (A Coruña), where up to 25 jobs will be created in connection with this production. These installations will be fully adapted by Inditex in order to meet the requirements established by the Spanish Agency for Medicines and Healthcare Products relating to the operation of plants for the manufacture of healthcare products.

With this objective, COGAMI will set up a Special non-profit Employment Centre, with the main aim of offering people with disabilities employment for this production, adapted to their personal characteristics and which will assist in their integration into the normal employment market.

Adaptation and social commitment

Mondragon Assembly continues to demonstrate its considerable ability to develop and adapt in order to respond to the collective need, as is currently the case with the supply of masks.
​In these times of pandemic, the MONDRAGON Corporation itself has become an important player, via its cooperatives, in offering a range of solutions to combat Covid-19.
​In this case, the lines manufactured and assembled by Mondragon Assembly, which also handles their maintenance, have been located at various sites: ​Bexen Medical, in Etxebarria (Bizkaia); Centro Militar de Farmacia, Burgos; Efficold, from the Onnera Group, in Lucena (Cordoba); and Inditex, in Bergondo (A Coruña). The total production capacity generated by all of these amounts to 50 million masks per month.

About the MONDRAGON Assembly Group. Mondragon Assembly is an international Group specialising in the development of automated assembly solutions. It has six production plants worldwide:its headquarters in Aretxabaleta (Gipuzkoa, Spain), Mexico, France, Germany, China and Brazil, as well as subsidiaries in India and the MENA region.
​It operates in sectors such as automation, solar energy, household appliance components, electronic components, medical devices and cosmetics

About the MONDRAGON Corporation.  It is structured around four business areas:
Finance, Industry, Distribution and Knowledge.
With a broad international presence, in 2019 it achieved sales of over 11.6 billion euros and had a workforce of over 81,000 people.
Its cooperatives have helped to combat the pandemic by starting up new businesses and approaching institutions and various associations, placing their technical and human resources at their service.

The Basque cooperative, a specialist in manufacturing PV modules assembly lines, adds a new project in North Africa.

Photo: Mondragon Assembly

Mondragon Assembly, with its extensive experience in manufacturing and automation of assembly lines for the solar energy sector, has supplied and commissioned a 100 MW photovoltaic module production front line in Cairo, Egypt. The project was launched in the last quarter of 2019.

This turnkey project will provide the company with a large production capacity for various solar modules, from bifacial half-cut glass-glass modules to standard high efficiency Mono PERC panels. Teriak Industrial Group aims to play a key role in Africa in the production of clean energy, with a power capacity of 100 MW per year.

Mondragon Assembly and its presence in MENA

Haythem Zhioua, International Sales Manager for the MENA region (Middle East and North Africa) has stated that “this is not our first project in Egypt, as we previously carried out the development of a 50 MW PV modules assembly line to Arab International Optronics.”

Similarly, Zhioua noted that “one of our main objectives at Mondragon Assembly is to stay alongside our clients and partners, offering them direct support when they need it most. For this reason, we have a local technical team composed of highly trained project managers and technicians who provide support across the MENA region.”

Thanks to its 40 years in business, Mondragon Assembly has become a leading company in the solar energy sector, supplying turnkey production lines for the manufacture of photovoltaic modules worldwide.

Igor Herrarte, International Sales Manager for the EMEA region, notes that “Mondragon Assembly has been supplying innovative solutions to the solar sector with high technological content for more than 20 years, and it should continue in this line for decades to come. We are a long-term-oriented company, and our goal is not limited to selling equipment and lines, but rather to collaborate with our clients in ensuring the serial manufacture of PV solar modules with the highest possible quality. We believe that service is our greatest added value. This line for Teriak Industrial Group is the eighth line that we installed in the MENA region.”

Herrarte also stressed that “we have a complete knowledge transfer programme that is adaptable to the needs of our clients, including the design and certification of modules, raw materials, training, and maintenance programmes, among others.”

Mondragon Assembly has become a benchmark company in the solar energy sector by supplying turnkey production lines for the manufacture of photovoltaic modules worldwide.

About the MONDRAGON Assembly Group

Mondragon Assembly is an international group specialising in the development of automation and assembly solutions. It currently has six production plants:

Its head office in Aretxabaleta (Gipuzkoa, Spain), Mexico, France, Germany, China, and Brazil, as well as a subsidiary in India. It operates in sectors such as solar power, the automotive industry, appliance components, cosmetics, medical devices, and electronics.

About Teriak Group

Teriak Group is a private Egyptian company specialising in the manufacture of parts for the automotive sector for Egypt and the Middle East.

The group was founded in 1975 and has carried out the expansion of its operations over the last four decades, with six plants located in Cairo, Egypt and nearly 700 employees.

This is the first direct financing operation of the Official Credit Institute with a cooperative integrated at MONDRAGON.

This Monday, 29 June, the first loan was signed with Spain’s ICO (Official Credit Institute) as a direct financier in a cooperative of the Corporation, Mondragon Assembly.

In the current Social and Business Policy 2017/2020, in the Financing strategy, the importance of achieving robust financing, ensuring an optimal balance between the short and long term, was detailed.

Financial diversification

With this first signature with the ICO, a financing of €5 million at a fixed cost for 7 years manages to leverage the company in the long term and prepare it for the uncertain outlook of the coming years.

Mondragon Assembly has diversified its sources of financing by including a new entity in its banking pool and has strengthened the financing share with institutional entities, as it has also received new financing from the IVF (Basque Financing Institute) in the amount of €5 million.

In the photo, from left to right, Ana Sáez, Head of the Treasury Unit of the Corporation’s Financial Department; Isabel Martín, Chief Financial Officer of Mondragon Assembly; Juan Carlos Obregón, from the Corporate Financing area of ICO; and Luis Mari Imaz, CEO of Mondragon Assembly.