IREDA calls solar module manufacturing bids under PLI scheme

New Delhi: State-run Indian Renewable Energy Development Agency Ltd. (IREDA) has invited bids for setting up solar manufacturing units under the government’s ambitious production linked incentive (PLI) scheme.

The ₹4,500 crore PLI scheme for solar photo voltaic modules will help India ramp up its domestic manufacturing capacity. The scheme is expected to add 10-gigawatt (GW) capacity of integrated solar photo voltaic (PV) manufacturing plants and bring direct investment of around ₹17,200 crore.

“MNRE has appointed IREDA as the implementing agency for the scheme,” the ministry of new and renewable energy said in a statement on Friday.

At present, India has a domestic manufacturing capacity of only 3 GW for solar cells and 15GW for solar modules.