Reliance, Tata Bid for India’s $2.4 Billion Solar Incentives
- Adani Group, one of the largest panel makers, stays away
- Other bidders include First Solar, JSW Energy and ReNew
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Solar module makers including Reliance Industries Ltd. and Tata Power Co. are among bidders for 195 billion rupees ($2.4 billion) in financial incentives that India is offering to expand domestic manufacturing and curb panel imports from dominant producer China.
Others showing interest include U.S. firm First Solar Inc. and Indian companies JSW Energy Ltd., Avaada Group and ReNew Energy Global Plc, according to the renewable energy ministry. It said a total of 11 companies entered the bidding, though the embattled Adani Group, one of the country’s largest solar panel makers, did not join in.