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. 

17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.
7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

February 7, 2025
TP Solar, a subsidiary of Tata Power, has commissioned a 4.3GW cell and module manufacturing facility in the state of Tamil Nadu.
February 4, 2025
Indian solar manufacturer Premier Energies has put under review its plan to build a solar cell plant in the US due to policy uncertainty.
February 3, 2025
PV Industry figures in India have welcomed government proposals to boost the country’s domestic solar and clean energy manufacturing sector.
January 31, 2025
Indian solar manufacturer Jupiter International has signed a memorandum of understanding with the Indian government of Odisha, eastern India, to build a solar cell and module assembly plant.
January 28, 2025
Sunsure Energy has signed a power purchase agreement with the Solar Energy Corporation of India for a 450MWp project in state of Rajasthan.
January 28, 2025
Enfinity Global said the power from the sites is “earmarked to cater to government utilities, as well as C&I customers.”

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 17, 2025
London, UK
Solar Media Events
February 19, 2025
Tokyo, Japan
Solar Media Events
March 11, 2025
Frankfurt, Germany