The IREDA has requested bids for a Rs. 4500 crore Solar PLI scheme.
Highlights:
The Indian Development Agency Ltd. (IREDA) has been designated as the scheme’s implementing agency by the Ministry of New & Renewable Energy (MNRE).
The applicants must establish either a brownfield or a greenfield manufacturing facility for the entire capacity allotted under the scheme. Under the scheme, applicants are not permitted to build a facility that is both brownfield and greenfield.
As the domestic Industry has limited operational capacities of solar PV cells and modules, solar capacity addition currently relies heavily on imported solar PV cells and modules.