India’s Solar Production Incentive Scheme Has A $2.4 Billion Outlay

In Solar, Clean Fund, News, Products, Renewable Energy
The Solar Production Incentive Scheme in India has a $2.4 billion budget.

Under the second phase of the production-linked incentive (PLI) scheme, Solar Energy Corp. of India Ltd (SECI) has begun accepting proposals for incentives worth $2.4 billion, from solar manufacturers to set up gigawatt-scale production facilities for high-efficiency solar modules in India.

solar

They can bid in any of the three integration categories:

  1. poly-to-module,
  2. ingot-wafers-to-module, or cells
  3. modules.

Manufacturers must submit single proposals to establish manufacturing facilities with a capacity of at least 1 GW (1 GW each for all individual stages should be included).

“The maximum capacity that will be awarded to a single bidder under the PLI scheme, i.e. the maximum capacity which will be eligible for a grant of PLI, will be 50% of the capacity to be set up by the bidder,” said the tender document.

Reference- PV-Magazine, SECI website, Mercom India, Economic Times

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