Indian Renewable Energy Development Agency Ltd. (IREDA), a PSU under the Ministry of New & Renewable Energy (MNRE) has invited bids from solar module manufacturers for setting up solar manufacturing units under the central government’ Rs. 4,500 crore Production Linked Incentive (PLI) Scheme. 

The Union Cabinet had earlier approved Rs. 4,500 crore scheme to boost domestic manufacturing of solar Photovoltaic (PV) modules and MNRE has appointed IREDA as the implementing agency for the scheme. 

The last date for submitting applications is 30th June, 2021. The selection process for the successful bidders is to be completed by 30th July, 2021. IREDA had floated the invitation for application document on 25th May, 2021 and the electronic application process went live on 31st May, 2021. 

Manufacturing capacity/unit, for which required capital goods have been imported before the last date of bid submission, will not be eligible for participation under this PLI scheme. The minimum capacity of the manufacturing unit to be installed shall be 1,000 Megawatt. The PLI will be disbursed to the successful applicants annually for a period of five years. 

Solar capacity addition presently depends largely upon imported solar PV cells and modules as the domestic industry has limited operational capacities of solar PV cells and modules. The National Programme on High Efficiency Solar PV Modules will reduce import dependence in a strategic sector like electricity and as such reinforce the Atmanirbhar Bharat initiative.