Solar Energy Corporation of India Limited, Ministry of New and Renewable Energy, is seeking bids from solar manufacturers under the second tranche of the Centre’s Production Linked Incentive (PLI) scheme that has a corpus of ₹19,500 crore.
The PLI scheme is aimed at achieving manufacturing capacity of Giga Watt (GW) scale in high-efficiency solar photovoltaic (PV) modules. The last date for submitting bids is January 11, 2023.
The Union Cabinet on 21 September 2022 cleared the scheme to incentivise manufacturing of domestic solar cell modules to lower the industry’s reliance on China-made panels. This was a follow-up to the ₹4,500-crore tranche that was cleared in November 2020. The MNRE in its statement said that through the PLI scheme, about 65,000 megawatt (MW) per annum manufacturing capacity of fully and partially integrated, solar PV modules would be installed. It will bring direct investment of around ₹94,000 crore, create manufacturing capacity for balance of materials such as EVA, solar glass and backsheet, and generate direct employment for about 1,95,000 and indirect employment of 7,80,000 people. The scheme will also aid in import substitution of around 1.37 lakh crore, and give impetus to research and development to achieve higher efficiencies in solar PV modules.