Indian Renewable Energy Development Agency invited applications for setting up manufacturing capacities for high-efficiency solar photovoltaic modules under the production-linked incentive scheme. The last date for application submission is 30 June 2021.
IREDA stated in its document, “The applicants are required to set up either a brownfield or greenfield manufacturing facility for the entire capacity allotted under the scheme and are not allowed to set up a mix of both kinds of facilities allotted under the scheme.”
According to the scheme guidelines, manufacturers setting up any solar PV technology-based production facilities will be eligible to apply for the incentive assistance, provided they commit to achieving the minimum level of integration of cells and modules.
The applicant must fulfill the minimum net worth criteria as follows:
Source: IREDA
Selected bidders will have to provide a performance bank guarantee of Rs 45,000 per MW for cell and module manufacturing capacity, Rs 70,000 per MW for ingot-wafer, cell, and module manufacturing capacity, and Rs 110,000 per MW for polysilicon, ingot-wafer, cell, and module manufacturing capacity, according to the bid document.
To participate in the bidding process, the bidder may form a special purpose vehicle for setting up the manufacturing facility once the letter of award is issued by IREDA. However, such an SPV should be formed within 90 days from when the letter of award is issued. In the case of a delay of more than 90 days, the letter of the award would be withdrawn and allocated to entities on the waiting list.
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