Qualified List of Bidders Announced for IREDA’s Solar Module Manufacturing PLI Auction
The Indian Renewable Energy Development Agency (IREDA) has opened the bids for setting up manufacturing capacities for a minimum of 10 GW of vertically-integrated high-efficiency solar modules under the production-linked incentive (PLI) program.
There are 16 bidders who have qualified, and the respective PLI requested by them have been released. As the next step, IREDA will decide on the PLI to be disbursed to each of these bidders.
Preference will be given to the bidder who has requested the lowest incentive corresponding to the capacities bid. In Stage 1 to 4 category, i.e., polysilicon, wafers, cells, and modules manufacturing, for 4 GW, Jindal has quoted the lowest PLI of ₹13.9 billion (~$185.07 million)
Under Stage 2 to 4, i.e., wafers, cells, and modules, Coal India has bid for the lowest PLI of ₹13.4 billion ($179 million). Similarly, under Stage 3 to 4 (cells and modules), Megha Engineering and Infrastructures has quoted the lowest PLI of ₹3.33 billion (~$44.34 million).
The manufacturing capacity and PLI would be allocated to the eligible applicants as per the bucket filling mechanism keeping in view the overall PLI limit of ₹45 billion ($601 million) and the PLI requested by the bidders.
