State-run, Solar Energy Corporation of India (SECI) has invited bids for ₹195 billion in financial aid under the PLI Scheme. The move aims to boost domestic manufacturing of solar power equipment. Bids can be submitted online by 9th January 2023.
In September 2022, the Indian government approved the proposal for a ₹19,500 crore PLI scheme (Tranche II) for manufacturing high-efficiency solar modules. Consequently, Mr. R.K Singh, Union Minister of Power, New and Renewable Energy, had announced a target of building 90GW of solar module manufacturing capacity in the nation.
Through financial aid, the Indian government is looking to reduce import dependence, generate employment and position the nation as an alternative to China which will help diversify the supply chain.
As per the agency, priority will be given to the firms that are ready to set up fully integrated manufacturing units (from polysilicon to modules). All bidders must commit to following minimum manufacturing capacity requirements and minimum standards for module performance.
“The maximum capacity that can be bid for, i.e., the manufacturing capacity that a bidder will set up under this RfS, will be 10 GW for the poly-to-module category and 6 GW each for wafer-to-module and cells+modules categories,” SECI states.
Additionally, the winners of the previous tranche of the scheme can also submit applications this time.
Click Here for more updates ornatesolar.com