The Solar Energy Corporation of India (SECI), which is responsible for the development and promotion of solar energy in India, has announced the successful bidders who will receive a total of ₹Rs. 13937.575 Cr under the second phase of the performance-linked incentive (PLI) program. The program is aimed at incentivizing the domestic production of solar modules in India with a target of manufacturing 39.6 GW of solar modules. The winning bidders will be eligible for the financial incentives based on their production capacity and efficiency of their solar modules.
The auction has been divided into three baskets. In basket 1, a total of ₹7575.613 Cr has been allocated for facilities integrating polysilicon, wafer, cell, and module manufacturing of 15.4 GW capacity. The eligible manufacturing capacity for incentives under the program is 7.7 GW. Indosol Solar (Shirdi Sai Electricals) has been allocated ₹3300 Cr to manufacture 6 GW modules, Reliance New Solar Energy has been allotted ₹3098.04 Cr for 6 GW, and FS India Solar Ventures (First Solar) would receive ₹1177.573 Cr for 3.4 GW.
In basket 2, a total of ₹5310.702 Cr has been set aside for facilities integrating wafer, cell, and module manufacturing of 16.8 GW. The total eligible manufacturing capacity for incentives under the program is 8.4 GW. Waaree Energies is eligible for ₹1923.24 Cr for manufacturing 6 GW of modules, Renew Solar would receive ₹1538.592 Cr for 6 GW, and Avaada Ventures ₹961.62 Cr for 3 GW., JSW Renewable Technologies Limited got ₹320.54 Cr and Grew Energy Private Limited ₹566.71.
In basket 3, a total of ₹1051.26 Cr has been allocated for facilities integrating cell and module manufacturing of 7.4 GW. The total eligible manufacturing capacity for this basket is 3.7 GW. TP Solar (Tata Power) has been allocated ₹383 Cr for manufacturing 4 GW of modules, Vikram Solar is eligible for ₹528.54 Cr for 2.4 GW of modules, and AMPIN Solar One (Amp Energy) will receive incentive of ₹139.72 Cr for manufacturing 1 GW of modules.
The PLI program aims to incentivize domestic manufacturing and reduce import dependence.
View the SECI document here: