IREDA invites bids for solar PLI scheme

ReNew Energy may even develop a 2 giga-watt (GW) photo voltaic cell and module manufacturing facility in Dholera, Gujarat.

The Indian Renewable Energy Development Agency (IREDA) on Tuesday invited purposes from photo voltaic module producers for availing the Centre’s Rs 4,500-crore production-linked incentive (PLI) scheme. The beneficiaries of the PLI scheme might be chosen by way of aggressive bidding and the analysis of the bids might be finished on the idea of producing capability proposed to be arrange by corporations and the extent of elementary merchandise required for manufacturing photo voltaic panels they promise to make within the nation.

The Cupboard had cleared the scheme on March 31. The candidates are required to arrange both brownfield or greenfield manufacturing services allotted underneath the scheme, however is not going to be eligible for PLI if they’ve imported the required capital items for establishing the vegetation. The PLI price for brownfield initiatives might be 50% of the speed for greenfield initiatives. The final date for submitting software is June 30 and the letters of award might be issued to the profitable candidates on July 30. Manufacturing items which have availed advantages underneath the modified particular incentive bundle scheme (M-SIPS) programme of electronics ministry is not going to be eligible PLI.

Carefully following the photo voltaic PLI announcement in March, Tata Energy Photo voltaic Programs placed on stream further 400 megawatts (MW) of module and cell manufacturing capability, taking the entire capability to 1,100 MW. Gautam Photo voltaic has just lately doubled the panel manufacturing capability to 250 MW at its Haridwar facility and Hyderabad-based Premier Energies has invested Rs 430 crore to extend its module manufacturing capability to 1,500 MW per yr from its present base of 500 MW. ReNew Power may even develop a 2 giga-watt (GW) photo voltaic cell and module manufacturing facility in Dholera, Gujarat.

The scheme can facilitate further 8-12 GW annual photo voltaic cell/module manufacturing capability in India, and may instantly profit simply 8-13% of the photo voltaic tools requirement until FY30, India Scores had pointed earlier this month. As on date, the three GW of cell manufacturing items and the ten GW of home photo voltaic module makers need to import most of their elements from exterior.