Govt approves PLI Scheme for Rs.19,500 Cr High Efficiency Solar PV Modules project
26 September 2022: The Cabinet, Chaired by Prime Minister, Narendra Modi, has approved the Ministry of New & Renewable Energy’s proposal for implementation of the Production Linked Incentive Scheme (Tranche II) on ‘National programme on High Efficiency Solar PV Modules.’ The project will have an outlay of Rs.19,500 crore for achieving manufacturing capacity of Giga Watt (GW) scale in High Efficiency Solar PV Modules. Solar PV manufacturers will be selected through a transparent selection process. PLI will be disbursed for 5 years post commissioning of solar PV manufacturing plants on sales of high efficiency solar PV modules from the domestic market will be incentivised.
It may be noted that the national programme on High Efficiency Solar PV Modules aims to build an ecosystem for manufacturing of high efficiency solar PV modules in India, and thus reduce import dependence in the area of Renewable Energy. It will strengthen the Atamnirbhar Bharat initiative and generate employment.
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 direct investment of around Rs.94,000 crore. The project will create manufacturing capacity for Balance of Materials like EVA, Solar glass, Backsheet, etc. It is expeted to provide direct employment of about 1,95,000 and indirect employment of around 7,80,000 persons. It will offer import substitution of approximately Rs.1.37 lakh crore. Moreover, impetus to Research and Development will be given to achieve higher efficiencies in Solar PV Modules.
