NREL invites bids from module makers for 15,000 MW solar panels

NTPC Renewable Energy Limited (NREL), the renewable energy arm of state-run power producer NTPC, has called for expression of interest (EoI) from domestic module companies to obtain 15,000 MW of solar panels for its projects over the coming five years.

Considering the firm's future renewable energy capacity enhancement targets, NREL wants to enter into long term sourcing partners for solar photovoltaic (PV) modules to strengthen its renewable energy portfolio either by way of direct sourcing tie ups or by contract manufacturing.

NTPC had included NREL to concentrate on its green energy business in October 2020, as it strives to achieve 60,000 MW of green capacity by 2032 from the present level of about 1,400 MW. Approximately 75% of the 2032 green energy target is likely to come from solar.

Modules made up of imported solar cells will also be eligible, NREL said, adding that the goal of this EoI is to assess the upcoming capacities of the domestic solar PV module makers, their techno-commercial needs to begin the process of long term sourcing tie-ups.

The development comes at a time when 10,000 MW capacity of new integrated solar manufacturing plants are likely to be installed under the Rs 4,500 crore production linked incentive (PLI) scheme of the government. The government has got applications for a cumulative production capacity of 54,809 MW under the scheme from 19 firms, comprising Adani, Vikram Solar, Acme Solar, ReNew Power, Reliance Industries Limited, Tata Power, L&T and state-run Coal India Limited.

Presently, the nation’s annual module production capacity stands at about 10,000 MW and cell output capacity at 3,000 MW. From the start of FY23, solar module and cell imports will draw basic customs duty of 40% and 25%, respectively. Module costs constitute approximately 60% of the total project expenditure for solar facilities.

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