IREDA floats tender for setting up solar PV module manufacturing units

Indian Renewable Energy Development Agency (IREDA) has floated tender inviting bids for setting up solar PV module manufacturing units under the production-linked incentive (PLI) scheme. The last date for application submission is 30 June, 2021 and bids will open on 1 July 2021/

IREDA in a statement said “The applicants are required to set up either a brownfield or greenfield manufacturing facility for the entire capacity allotted under the scheme and are not allowed to set up a mix of both kinds of facilities allotted under the scheme.”

Those interested have to submit their response by indicating the yearly PLI values based on their expected sales of solar PV modules in megawatt, base case PLI for which their product is eligible, expected local value addition, and tapering factor as per the scheme guidelines.

Manufacturers setting up any solar PV technology-based production facilities would be eligible for applying for the incentive assistance.

The successful bidders may form a special purpose vehicle (SPV) for setting up the manufacturing facility after the issue of Letter of Award (LoA) by IREDA. However, such SPV should be formed within 90 days from issue of LoA.

The Cabinet last year in November approved introduction of the PLI scheme for 10 key sectors, for making India self-reliant. One of these sectors was high-efficiency solar modules for which the financial outlay under the scheme over a five-year period was set at Rs 4,500 crore.