IREDA invites bids for solar PLI scheme

The Indian Renewable Energy Development Agency (IREDA) on Tuesday invited applications from solar module manufacturers for availing the Centre’s Rs 4,500-crore production-linked incentive (PLI) scheme. The beneficiaries of the PLI scheme will be selected through competitive bidding and the evaluation of the bids will be done on the basis of manufacturing capacity proposed to be set up by companies and the extent of elementary products required for manufacturing solar panels they promise to make in the country.

The Cabinet had cleared the scheme on March 31. The applicants are required to set up either brownfield or greenfield manufacturing facilities allotted under the scheme, but will not be eligible for PLI if they have imported the required capital goods for setting up the plants. The PLI rate for brownfield projects will be 50% of the rate for greenfield projects. The last date for submitting application is June 30 and the letters of award will be issued to the successful applicants on July 30. Manufacturing units which have availed benefits under the modified special incentive package scheme (M-SIPS) programme of electronics ministry will not be eligible PLI.