Battery Makers Oversubscribe Indias Latest 10 Gwh Tender
The Indian authorities say the nation's latest 10 GWh tender was oversubscribedThe Indian authorities say the nation's latest 10 GWh tender was oversubscribed.
PV Magazine International 5:46 am on May 5, 2024
The Indian Ministry of Heavy Industries received seven bids for a 10 GWh advanced chemistry cell (ACC) manufacturing tender, attracting interest beyond the offered capacity. Companies such as ACME Cleantech Solution, Amara Raja Advanced Cell Technology, Anvi Power Industrie, JSW Neo Energ, Reliance Industrie, Lucas TV, and Waaree Energies bid for a total of 70 GWh of cumulative capacity. In January 2024, MHI issued the tender with a maximum PLI outlay of INR 620 crore. (Uma Gupta)
- Indian Ministry of Heavy Industries (MHI) received seven bids for a 10 GWh advanced chemistry cell (ACC) manufacturing tender.
- Bidders offered over 70 GWh of cumulative capacity against the tendered 10 GWh.
- The INR 1,100 crore ($2.5 billion) PLI Scheme aims to achieve 50 GWh of ACC manufacturing capacity.
- Three beneficiary firms were allocated 30 GWh in the first round of bidding, with Ola Electric Mobility securing the largest share (20 GW).
- MHI issued the tender for 10 GWh ACC manufacturing capacity in January 2024.
https://www.pv-magazine.com/2024/04/24/battery-makers-oversubscribe-indias-latest-10-gwh-tender/