First Solar, Tata Power and Reliance Industries bid for India’s solar panel manufacturing incentive

Facebook
Twitter
LinkedIn
Reddit
Email
The scheme aims to lower panel imports from China. Image: SECI.

A number of solar module manufacturers have reportedly bid for financial incentives offered by the Indian government to expand domestic manufacturing of solar panels. 

According to multiple media outlets, including Bloomberg, several companies submitted the bid, such as conglomerate Reliance Industries, integrated power company Tata Power, US based solar panel manufacturer First Solar, Indian power company JSW Energy, green energy developer Avaada Group, and renewable energy company ReNew Energy Global, among others. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

However, it was reported that conglomerate Adani Group did not join the bid. 

According to the PLI guidelines, the successful solar PV module manufacturer will be required to set up manufacturing capacities on GW scale for high efficiency solar PV modules. Such a move is designed to promote the manufacturing of high efficiency solar PV modules in India and reduce dependence in the area of renewable energy. 

The Indian government allocated INR195 billion (US$ 2.4 billion) for this latest phase of the incentive.

Also, of the total allocated amount of money for the scheme, the biggest part, worth INR120 billion, was assigned to manufacturing polysilicon, wafers, solar cells, and modules or thin film plants. The second part, worth INR 45 billion, involved the manufacturing of wafers, solar cells and modules. The last part, worth INR 30 billion, only contained the manufacturing of solar cells and modules. 

Previously, PV Tech reported that India needed to issue more renewable energy tenders if it is to meet the government’s target of 450GW of installed capacity by 2030, as the changing preferences of distribution companies have seen less uptake, and states have been inconsistent in fulfilling purchase obligations.

According to a joint report from JMK Research & Analysis (JMK) and the Institute for Energy Economics and Financial Analysis (IEEFA), 2022 saw 28GW of renewable energy tenders issued in India, falling from 40GW in 2019. 

Read Next

June 9, 2025
Saatvik Solar, a unit of Saatvik Green Energy Limited (SGEL), is building a 4.8GW solar cell and 4GW module manufacturing facility in Ganjam district of Odisha.
June 5, 2025
Solar manufacturer Involt Energy has broken ground on its first solar cell manufacturing plant in the western Indian state of Gujarat, with an initial annual nameplate capacity of 1.78GW. 
June 5, 2025
Indian solar module manufacturer Vikram Solar has received final approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO) and raise capital through the public markets.
June 5, 2025
Investment in clean energy and grids will reach US$2.2 trillion in 2025, double the expected investment into fossil fuels this year, according to data from the International Energy Agency (IEA).
June 2, 2025
Arctech has partnered with ACME Cleantech Solutions to provide 175MW worth of solar trackers for an upcoming facility in Duqm, Oman.
May 30, 2025
Waaree Solar Americas – a subsidiary of Indian solar manufacturer Waaree Energies – has signed a 586MW solar module supply agreement with North Carolina-based Pine Gate Renewables.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
September 16, 2025
Athens, Greece