India Allocates 39.6 GW PV Under PLI Tranche-II

Indosol, Reliance & First Solar Among Winners Of India’s Production Linked Incentive Scheme, Round 2
Listed here are the winners of India’s request for selection (RFS) round for PLI scheme tranche-II for solar PV manufacturing. (Source: Solar Energy Corporation of India)
Listed here are the winners of India’s request for selection (RFS) round for PLI scheme tranche-II for solar PV manufacturing. (Source: Solar Energy Corporation of India)
  • SECI has announced 11 winners of the PLI tranche-II incentives for solar PV manufacturing in India
  • A total of INR 139.4 billion has been allocated for a combined 39.6 GW integrated PV manufacturing capacity
  • Basket 1 winners are SSE's Indosol Solar, Reliance New Solar Energy and First Solar's FS India Solar Ventures
  • Waaree, ReNew, Avaada, Grew Energy and JSW Renewable have been selected for basket 2 for 16.8 GW capacity
  • Basket 3 winners are Vikram Solar, Tata Power Solar and AMPIN Solar of Amp Energy India

India has announced INR 139.4 billion ($1.7 billion) financial support for 39.6 GW of new vertically integrated solar manufacturing capacity under Solar Energy Corporation of India (SECI) managed Production Linked Incentive (PLI) scheme tranche-II selecting 11 companies, including First Solar of the US as the only foreign bidder to win in this round.

All the winning companies will get incentives for only 50% of the total capacity won.

The 3 winners of tranche I, under basket I that envisions polysilicon to module manufacturing, are:

  • Shirdi Sai Electricals (SSE) and Reliance New Solar Energy have once again secured INR 33 billion and INR 31 billion, respectively to develop 6 GW each. SSE has won the bid through its subsidiary Indosol Solar Private Limited.
  • First Solar's FS India Solar Ventures Private Limited is another winner under basket I, to build 3.4 GW capacity for INR 11.8 billion.

The 5 basket 2 winners will establish a total of 16.8 GW wafer-cell-module capacity but will get PLI incentives for 8.4 GW.

  • Waaree Energies Limited will build 6 GW having won INR 19.2 billion.
  • ReNew Solar (Shakti Four) Private Limited has secured INR 15.4 billion for 4.8 GW,
  • Avaada Ventures Private Limited 3 GW for INR 9.6 billion,
  • Grew Energy Private Limited 2 GW for INR 5.6 billion, and
  • JSW Renewable Technologies Limited 1 GW for INR 3.2 billion.

Grew Energy is part of Asia's 'largest' denim manufacturer Chiripal Group that had previously announced plans to establish PV manufacturing for 3 GW cells, 4 GW modules and 300 ton/day tempered glass production capacity (see Indian Startup To Produce GW Scale PV Cells, Modules & Glass).

Basket 3 winners that will set up 7.4 GW cell and module manufacturing capacity, have secured INR 1.05 billion for 3.7 GW capacity.

  • Vikram Solar has won INR 5.3 billion for 2.4 GW,
  • TP Solar Limited (Tata Power) has secured INR 3.8 billion for 4 GW, and
  • AMPIN Solar One Private Limited of Amp Energy India won INR 1.4 billion for 1 GW capacity.

Indian Renewable Energy Development Agency (IREDA) had concluded PLI tranche-I to award INR 45 billion to SSE, Reliance New Energy Solar and Adani Infrastructure for a cumulative 8.737 GW integrated capacity. SECI then took over for tranche-II offering INR 195 billion (see India Launches PLI Tranche II Solar Manufacturing Tender).

SSE's COO Dr Balachander Krishnan was the keynote speaker for TaiyangNews Virtual Conference on Solar Cell Production Equipment & Processing Materials when he talked about selection criteria for key cell production equipment (see Criteria For Selecting Solar Cell Production Equipment).

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