Eleven photo voltaic producers have submitted bids for INR 195 billion (USD 2.36bn/EUR 2.23bn) in funding beneath India’s Manufacturing Linked Incentive (PLI) scheme aimed toward deploying gigawatt-scale home manufacturing capability for top effectivity photovoltaic (PV) modules, Mercom reported on Thursday, citing sources.
This represents the second tranche of the PLI scheme, the financing for which was allotted in India’s 2022/23 finances. Proposals within the bidding course of, run by the federal government’s Photo voltaic Power Company of India Restricted (SECI), have been due by February 28.
Bids have been submitted by Reliance Industries, ReNew Energy, Tata Energy, US firm First Photo voltaic, Ampin (Amp Power), Avaada Power, Grew Power, JSW Power, Shirdi Sai Electricals, Vikram Photo voltaic and Waaree, in line with Mercom.
The proposed manufacturing services contain totally different ranges of integration. Bids for absolutely built-in services, from polysilicon to photo voltaic modules, got here from Reliance, First Photo voltaic and Shirdi Sai, in line with the article.
Bloomberg additionally reported, citing sources, that Reliance, Tata Energy, ReNew, First Photo voltaic, Avaada and JSW Power have positioned bids. The troubled Adani Group is alleged to have stayed away.
The tranche II funding can be awarded throughout three baskets primarily based on the extent of integration, with minimal integration of cells and modules required.
(INR 1 = USD 0.012/EUR 0.011)