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

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
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.

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.

Read Next

October 13, 2021
Reliance New Energy Solar (RNES) has invested US$29 million in German wafer technology company NexWafe’s Series C financing round as it looks to establish wafer production facilities in India.
October 11, 2021
A subsidiary of Indian conglomerate Reliance Industries has acquired solar module manufacturer REC Group and a 40% stake in EPC and O&M solutions provider Sterling and Wilson.
October 8, 2021
Thin film module and solar technology manufacturer NanoPV plans to invest over US$36 million in a manufacturing and distribution facility in Georgia, announced state Governor Brian Kemp as he praised Georgia’s “thriving solar environment”.  
October 6, 2021
Indian solar manufacturer Emmvee has signed a memorandum of understanding with the government of Karnataka to set up a 3GW cell and module production plant in the state.
September 28, 2021
Indian solar manufacturer Premier Energies has secured an INR 2 billion (US$27 million) investment from private equity firm GEF Capital Partners to support its planned increases in cell and module production.
PV Tech Premium
September 23, 2021
Backed by a new heterojunction module factory in Florida and the expansion of its production plant in Minnesota, solar manufacturer Heliene is looking to take advantage of US policy support to meet increasing demand for American-made PV equipment. Jules Scully discusses the company’s growth plans with CEO Martin Pochtaruk.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 19, 2021
BRISTOL, UK
Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021