Reliance, Tata, Adani May Bid for Solar Projects Under PLI Scheme: Report

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  • The report added that a senior government official said large companies are evincing interest and are expected to commit end-to-end solar manufacturing.
  • Many players are committing to set up fully integrated plant from polysilicon to module against the expectations of beginning with wafers to modules
partnership
Pic Source – Wallpaper Flare

As per a report by Economic Times, Reliance Industries, Tata Power, Adani Solar, Acme Solar and Vikram Solar are likely to bid for contracts under the production-linked incentive (PLI) scheme for solar modules. The report added that a senior government official said large companies are evincing interest and are expected to commit end-to-end solar manufacturing.

Te report added that about 18 bids of nearly 40 Gw were submitted by companies, including large ones, till Sunday for the scheme, he said. The bids are scheduled to be opened on Tuesday.

The official said that they can accommodate maximum 10 Gw. Many players are committing to set up fully integrated plant from polysilicon to module against the expectations of beginning with wafers to modules, added the official as per the report.

The union cabinet had in April approved the PLI scheme for manufacture of high efficiency solar photovoltaic module with a ₹4,500 crore outlay. These incentives are expected to add 10 Gw of high-efficiency integrated solar PV manufacturing plants. It aims to bring direct investment of around Rs 17,200 crore in solar PV manufacturing.

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