Reliance, Waaree, Tata Power among India’s 40GW PLI module scheme winners

Facebook
Twitter
LinkedIn
Reddit
Email
In total 11 manufacturers received upwards of INR139.4 billion of funding for the second round of the PLI scheme. Image: Vikram Solar.

The Solar Energy Corporation of India (SECI) has released a list of companies awarded in the second round of the Production Linked Incentive (PLI).

In total, 39.6GW of annual solar manufacturing capacity has been awarded, falling short of the 65GW of capacity it sought to add in the second round of the PLI scheme.

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

Among the winners are manufacturers Reliance, Waaree, ReNew Solar or Tata Power across three different baskets – for which the government released a guideline ahead of the bidding in October 2022 – with a total amount allocated of INR139.4 billion (US$1.7 billion).

Incentives for the PLI programme only accounted for half of the total manufacturing bidding capacity (which is what is shown in the chart below).

The first basket – with a 10GW maximum bid – included the manufacturing across the entire value chain with polysilicon, wafers, cells and modules or a fully integrated thin-film module facility.

Three manufacturers granted funding for the first basket are Indosol Solar with 6GW of annual manufacturing capacity and allocated INR33 billion (US$402 million), Reliance New Solar Energy with a manufacturing capacity of 6GW and INR31 billion allocated, and US thin-film manufacturer First Solar with 3.4GW of capacity and INR11.78 billion allocated through the PLI scheme.

The second basket – for wafers, cells and modules with a maximum bidding of 6GW of solar PV capacity – had among the winners Waaree or ReNew Solar with in total five bidders awarded INR53.1 billion and a total of 16.8GW of capacity.

The third and final basket was focused on solar cells and modules alone, with three awarded bidders, including Tata Power and Vikram Solar with whom PV Tech Premium spoke last year about India’s push to support domestic manufacturing. All three manufacturers were awarded a total of INR10.5 billion and have a total manufacturing capacity of 7.4GW.

PV manufacturer Goldi Solar, who earlier in the year announced it planned to participate in the PLI programme, was not awarded any capacity, despite seeking support to reach its 6GW annual capacity of module manufacturing.

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).
Premium
June 4, 2025
PV Talk: Kiwa PVEL's Tristan Erion-Lorico discusses the latest Module Reliability Scorecard and what it reveals about standards in PV manufacturing.
June 3, 2025
Canadian solar manufacturer Heliene has opened a 500MW module assembly plant in Rogers, in the US state of Minnesota.

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