Result of Solar PLI tranche II shows 32% lower response than tranche I
POWER & RENEWABLE ENERGY

Result of Solar PLI tranche II shows 32% lower response than tranche I

Despite being 4.3 times larger, Solar Energy Corporation of India’s (SECI) tranche-II of the production-linked incentive (PLI) scheme received a total response that was 32% lower than tranche- I, according to renewable energy consultancy Bridge To India. “Tranche-II was 4.3 times larger than the first tranche, but in comparison, the overall response was 32% lower. Overall, it received 28% less applications than expected, but the fully integrated category saw the highest shortfall of 37%” according to the news statement. PLI will have a 48 GW manufacturing capacity overall.

“The bid outcome demonstrates the severe competitive disadvantage domestic producers currently face. We anticipate domestic polysilicon and cell capacity to reach only 30 GW and 42 GW, respectively, by December 2026, barely enough to meet domestic demand,” according to Vinay Rustagi, managing director of Bridge To India. This is despite significant trade restrictions and a variety of incentives. Sadly, he continued, both project developers and manufacturers can expect more market uncertainty.

A total of 11 companies received PLI awards totaling $1.7 billion under tranche-II to establish a combined manufacturing capacity of 39.6 GW. According to the consultancy, PLI was given to Reliance and Shirdi Sai for an additional 6 GW of fully integrated capacity each, bringing their combined allocated capacity to 10 GW each, the maximum allowed under the programme. With a 3.4 GW capacity, First Solar is the only other winner in the fully integrated category. In the wafer- module category, there are five winners, including Waaree, ReNew, Avaada, Grew, and JSW, with a combined capacity of 16.8 GW; in the cell-module category, there are three winners, including Tata Power, Vikram, and Amp, with a combined capacity of 7.4 GW.

The consultant noted that it is important to take note of the fact that project developers, who are concerned about the market disruption over the past two years and the strict import barriers, have contributed close to 50% of the PLI bid capacity. These developers are primarily looking to service their captive demand.

Despite being 4.3 times larger, Solar Energy Corporation of India’s (SECI) tranche-II of the production-linked incentive (PLI) scheme received a total response that was 32% lower than tranche- I, according to renewable energy consultancy Bridge To India. “Tranche-II was 4.3 times larger than the first tranche, but in comparison, the overall response was 32% lower. Overall, it received 28% less applications than expected, but the fully integrated category saw the highest shortfall of 37%” according to the news statement. PLI will have a 48 GW manufacturing capacity overall. “The bid outcome demonstrates the severe competitive disadvantage domestic producers currently face. We anticipate domestic polysilicon and cell capacity to reach only 30 GW and 42 GW, respectively, by December 2026, barely enough to meet domestic demand,” according to Vinay Rustagi, managing director of Bridge To India. This is despite significant trade restrictions and a variety of incentives. Sadly, he continued, both project developers and manufacturers can expect more market uncertainty. A total of 11 companies received PLI awards totaling $1.7 billion under tranche-II to establish a combined manufacturing capacity of 39.6 GW. According to the consultancy, PLI was given to Reliance and Shirdi Sai for an additional 6 GW of fully integrated capacity each, bringing their combined allocated capacity to 10 GW each, the maximum allowed under the programme. With a 3.4 GW capacity, First Solar is the only other winner in the fully integrated category. In the wafer- module category, there are five winners, including Waaree, ReNew, Avaada, Grew, and JSW, with a combined capacity of 16.8 GW; in the cell-module category, there are three winners, including Tata Power, Vikram, and Amp, with a combined capacity of 7.4 GW. The consultant noted that it is important to take note of the fact that project developers, who are concerned about the market disruption over the past two years and the strict import barriers, have contributed close to 50% of the PLI bid capacity. These developers are primarily looking to service their captive demand.

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?