NEW DELHI : With the Indian solar energy trade going through a provide crunch and the federal government’s plan to develop the home photo voltaic tools trade, Nasdaq-listed ReNew Power World Plc plans to use for the second tranche of the manufacturing linked incentive (PLI) scheme for photo voltaic modules.
In an interview, Sumant Sinha, chairman and CEO of ReNew Energy stated the corporate is constructing a six gigawatt (GW) capability of photo voltaic modules.
“We’re organising a 6 GW capability of photo voltaic modules capability. The submissions (of purposes for 2nd tranche PLI) are due in January. We in all probability will apply,” he stated.
In September, the union cupboard accredited the second tranche of PLI scheme price ₹19,500 crore for home manufacture of photo voltaic photovoltaic (PV) modules that might result in financial savings of ₹1.37 trillion in imports. The Photo voltaic Power Company of India (SECI) just lately invited bids for the PLI. The final date for submitting bids is 11 January, and the bids might be opened on 12 January.
That is the second tranche of the PLI. The primary tranche of ₹4,500 crore was accredited final 12 months and the bids had been awarded to Reliance Industries, Adani Group and Sri Shirdi Sai Group.
On the supply of photo voltaic modules, Sinha stated the crunch continues and the home capability will take two-three years to be accomplished.
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Supply: Live Mint