The Indian Renewable Energy Development Agency (IREDA) has invited bids on Tuesday to set up manufacturing capacities for high-efficiency solar photovoltaic (PV) modules under the production-linked incentive (PLI) scheme. The last date of submission for the application is June 30, 2021, and the bids are going to open on July 1, 2021. IREDA said in its document that the applicants are required to set up either a greenfield or a brownfield manufacturing facility for the entire capacity that is allotted under the scheme and are not allowed to set up a mixture of both the kinds that have been allocated under the scheme. As indicated by IREDA, applicated would be needed to submit their response by indicating the yearly PLI values that are based on their expected sales of base case PLI for which the product is eligible, solar PV modules in megawatt, expected local value addition, and tapering factor according to the scheme guidelines. The Cabinet approved the introduction of the PLI scheme for ten key sectors for making India self-dependent on November 11, 2020. One of these was high-efficiency solar modules, for which the financial outlay was set at Rs 4,500 crore over a period of five years under the scheme. It also added that the manufacturers who are setting up any solar PV technology-based production facilities would be eligible to apply for the incentive assistance, provided the capacity it targets achieves the minimum threshold module performance, the minimum level of integration of cells and modules, and the minimum manufacturing capacity requirement parameters of the module efficiency, according to the scheme guidelines. After the issue of the Letter of Award (LoA) by IREDA, the company can form a special purpose vehicle (SPV) to set up a manufacturing facility. But such SPV should be formed within 90 days from the issue of LoA. In case of a delay for SPV formation beyond 90 days, the LoA issued would be withdrawn, and the capacity would be allotted to entities on the waiting list, as told by IREDA. According to the bid document, the bidders who have been selected must furnish a performance bank guarantee of Rs 45,000 per MW for cell and module manufacturing capacity, Rs 70,000 per MW for ingot-wafer, module manufacturing capacity, and cell, and Rs 110,000 per MW for module manufacturing capacity, cell, ingot-wafer, and polysilicon. It also added that, as detailed in the Ministry of New and Renewable Energy (MNRE) PLI Scheme document, all the terms and conditions of the scheme would be applicable for the selection of the bidders. Image SourceAlso read: IREDA extends 5 GW CPSU solar tender Also read: IREDA conferred with “Green Urja Award”