Magazine

Last edition
july-august 2024

Home › Policies & Regulations ›Cabinet Okays PLI Scheme for High-Efficiency Solar PV Modules

Cabinet Okays PLI Scheme for High-Efficiency Solar PV Modules

September 21, 2022. By Manu Tayal

The Cabinet has approved the Ministry of New & Renewable Energy’s (MNREs) proposal for the implementation of the production linked incentive (PLI) scheme with an outlay of Rs. 19,500 crore for achieving manufacturing capacity of GW scale in high-efficiency solar photovoltaic (PV) modules.

Earlier, MNRE had proposed a Rs 19,500 crore worth of PLI scheme (Tranche II) on ‘National programme on High-Efficiency Solar PV Modules’, with an aim to build an ecosystem for manufacturing high-efficiency solar modules in the country.

The move is expected to reduce import dependence of the country in the area of renewable energy, and will also help in strengthening the Atamnirbhar Bharat initiative and generate employment.

As per the government, the solar PV manufacturers would be selected through a transparent selection process, and PLI would be disbursed for 5 years post commissioning of solar PV manufacturing plants on sales of high-efficiency solar modules from the domestic market would be incentivised.

Here’re a few outcomes/benefits which are expected from the scheme:

It is estimated that about 65,000 MW per annum manufacturing capacity of fully and partially integrated, solar PV modules would be installed.
The scheme will bring a direct investment of around Rs. 94,000 crore.
Creation of manufacturing capacity for Balance of Materials like EVA, Solar glass, Backsheet, etc.
Direct employment of about 1,95,000 and indirect employment of around 7,80,000 persons.
Import substitution of approximately Rs 1.37 lakh crore.
Impetus to Research and Development to achieve higher efficiencies in solar PV modules.

Tags:

Policies & Regulations