India’s PLI solar manufacturing scheme receives 55GW of bids

Facebook
Twitter
LinkedIn
Reddit
Email
First Solar is said to be one of only two international applicants for the PLI programme. Image: First Solar.

A new support scheme from India’s government to boost the domestic manufacture of PV modules has seen 18 bidders submit 54.8GW of applications, according to consultancy JMK Research & Analytics.

The “overwhelming response” to the production-linked incentive (PLI) programme, which aims to support the addition of 10GW of integrated solar PV manufacturing plants, has seen companies such as ReNew Power, Larsen & Toubro, Tata Power Solar and Waaree Energies place bids. In total, 19GW of bids were submitted for polysilicon manufacture, 32GW for wafer and 54.8GW for cells and modules.

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

JMK said the bidders have been assigned marks based on selection criteria from the Indian Renewable Energy Development Agency (IREDA), with Reliance New Energy, Adani Infrastructure, Jindal India Solar and Shirdi Sai Electricals scoring maximum marks.

Given Reliance’s US$10.1 billion clean energy plan and a recent announcement from Adani to invest US$20 billion in renewables over the next ten years, JMK said “it is highly likely” these two companies will be the main PLI beneficiaries.

PLI recipiencts will be required to set up a plant with a minimum capacity of 1GW, while the maximum capacity that can be awarded to one company is 50% of their bid capacity or 2GW, whichever is less, according to guidelines from India’s Ministry of New and Renewable Energy (MNRE) published in April.

Approved last year, the PLI scheme will see INR45 billion (US$603 million) allocated over five years to back the domestic development of high-efficiency PV modules as part of government efforts to reduce the reliance on imported PV equipment. As of May 2021, India’s domestic manufacturing sector has annual capacities of around 2.5GW for cells and 9GW – 10GW for modules.

JMK said that although the PLI selection will lead to only three of four beneficiaries, it expects that the remaining applicants will still go ahead with their plans to set up manufacturing plants in India.

Of the 18 bidders, nine have no prior solar manufacturing experience, JMK said, with First Solar and CubicPV the only two international applicants.

First Solar revealed plans in July to construct a 3.3GWdc module assembly plant in the Indian state of Tamil Nadu. The US company’s CEO, Mark Widmar, last week met India’s Prime Minister Narendra Modi to discuss its interest in setting up manufacturing plants through the PLI scheme.

Other manufacturers that have recently expanded their presence in India include Vikram Solar, which opened a 1.3GW module plant in July, while Asahi India Glass and Vikasha Group announced a joint venture to set up a solar glass manufacturing facility in Gujarat.

27 June 2024
9am BST
FREE WEBINAR -This special webinar will take a deep dive into the latest PV ModuleTech Bankability Ratings pyramid, capturing the relative bankability status of the top 70-80 PV module suppliers globally. In addition to revealing the latest ranking of global PV module suppliers, PV Tech’s Head of Research, Finlay Colville, will show the depth of analysis and commentary included within the report for module suppliers. A key output from the webinar will be to learn which PV module suppliers have moved up the rankings pyramid in recent years and why this growth has been achieved. Conversely, some of the companies that have fallen down the rankings will be discussed, in particular those suffering from market-share losses and financial problems.
8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 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.
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.

Read Next

June 25, 2024
Swiss-owned solar manufacturer Meyer Burger has started production at its heterojunction (HJT) module assembly plant in Goodyear, Arizona.
Sponsored
June 24, 2024
During SNEC 2024, PV Tech spoke with Chuan Lu, chairman and CEO of Astronergy, about the company’s strategy and shipment forecast.
June 24, 2024
The US has yet again been named the most attractive market for renewables investment and deployment opportunities, according to EY.
June 21, 2024
Solar PV is expected to generate 20% of global power across midday peaks on the summer solstice in the northern hemisphere, up from 16% in 2023.
Premium
June 21, 2024
PV Tech Premium talks to Nextracker president Howard Wenger about the company's business, expansion plan and R&D spending. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Upcoming Webinars
July 10, 2024
9am (BST) / 10am (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland