PLI Scheme on ‘National programme on High Efficiency Solar PV Modules’

Context

The Union Cabinet approved Production Linked Incentive Scheme Tranche-2 on ‘National programme on High-Efficiency Solar PV Modules’ for achieving manufacturing capacity of Giga Watt scale in High-Efficiency Solar PV Modules.

About the Programme

• The national programme on High Efficiency Solar PV Modules aims to build an ecosystem for manufacturing of high efficiency solar PV modules in India.
• The programme is being implemented under the Ministry of New & Renewable Energy.
• Under it, the government has provided 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.

Significance

• It will strengthen the Atamnirbhar Bharat initiative and generate employment.
• Furthermore, it will help in reducing the country's import dependence in the area of Renewable Energy.

Benefits of PLI Scheme 

• The outcomes/benefits expected from the scheme are as follows:
  • 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.
  • 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.