Cabinet approves PLI scheme for `High Efficiency Solar PV Modules’
26 Sep 2022
1
The union cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the ministry of new and renewable energy’s proposal for implementation of Production Linked Incentive Scheme (Tranche II) on ‘National programme on High Efficiency Solar PV Modules’, with an outlay of Rs19,500 crore for achieving manufacturing capacity of Giga Watt (GW) scale in High Efficiency Solar PV Modules.
The national programme on High Efficiency Solar PV Modules aims to build an ecosystem for the manufacture of high efficiency solar PV modules in India, and thereby reduce import dependence in the area of renewable energy. It will strengthen the `Atamnirbhar Bharat’ initiative and generate employment, says an official release.
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 by incentivising sales of high efficiency solar PV modules from the domestic market.
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 Rs94,000 crore and help create manufacturing capacity for balance of materials like EVA, solar glass, backsheet, etc. This will result in import substitution of approximately Rs1.37 lakh crore.
It will also provide an impetus to research and development to achieve higher efficiencies in Solar PV Modules.
The scheme is expected to generate direct employment of about 1,95,000 and indirect employment of around 7,80,000 persons.
.webp)
