Eleven bidders vie for support to establish solar manufacturing facilities in India
- Eleven solar suppliers have submitted bids for INR 195 billion (USD 2.36 bn/EUR 2.23 bn) in moneying under India's Production Linked Incentive (PLI) scheme focused on releasing gigawatt-scale residential production capacity for high efficiency photovoltaic or pv (PV) modules, Mercom reported on Thursday, citing sources.
This represents the 2nd tranche of the PLI scheme, the funding for which was assigned in India's 2022/23 budget. Proposals in the bidding procedure, run by the government's Solar Energy Corporation of India Limited (SECI), scheduled by February 28.
Bids have been submitted by Reliance Industries, ReNew Power, Tata Power, US company First Solar, Ampin (Amp Energy), Avaada Energy, Grew Energy, JSW Energy, Shirdi Sai Electricals, Vikram Solar as well as Waaree, according to Mercom.
The recommended production facilities involve various levels of assimilation. Bids for fully integrated centers, from polysilicon to solar modules, originated from Reliance, First Solar as well as Shirdi Sai, according to the write-up.
Bloomberg also reported, citing resources, that Reliance, Tata Power, ReNew, First Solar, Avaada and JSW Energy have placed bids. The troubled Adani Group is stated to have actually steered clear of.
The tranche II funding will certainly be granted across three baskets based on the level of assimilation, with minimum integration of cells and modules required.
