New solar PLI scheme to cap bidding capacity at 10 Gw for past winners

The minimum Local Value Addition (LVA) or use of local content for participating manufacturers kept at 90%

The new round of the production linked incentive (PLI) scheme for solar manufacturing will see changed methodology and would be open to past winners with a cap on bidding amount.

However, the capacity will be capped to 10 Gw. The minimum Local Value Addition (LVA) or use of local content for the participating manufacturers has been kept at 90 per cent.

The PLI guidelines have been modified after the ministry of new and renewable energy (MNRE) received close to 50 GW of bids against a PLI sanction of Rs 4,500 crore. The corpus was increased to Rs 19,500 crore under