The Government of India, through the Ministry of New and Renewable Energy (MNRE), has launched the Production Linked Incentive (PLI) Scheme under the National Programme on High Efficiency Solar PV Modules to boost domestic manufacturing and reduce dependency on solar imports. The scheme aims to establish Giga Watt (GW)-scale solar PV manufacturing capacity in India with a total financial outlay of ₹24,000 crore.
Objectives of the PLI Scheme for Solar PV Modules:
- Increase Domestic Manufacturing Capacity:
Establish a robust ecosystem for manufacturing high-efficiency solar PV modules to achieve GW-scale production in India. - Technology Advancement:
Promote cutting-edge technologies that enhance solar module efficiency. The scheme is technology agnostic, allowing manufacturers to use any technology that improves performance. - Integrated Solar Manufacturing Plants:
Support the setup of fully integrated solar manufacturing units, covering everything from polysilicon to modules, to ensure better quality control and competitiveness. - Reduce Import Dependency:
Create a self-reliant solar ecosystem by encouraging the sourcing of local materials for manufacturing solar modules. - Employment Generation:
Facilitate job creation across the solar energy value chain while promoting technological self-sufficiency in renewable energy.
Implementation of the PLI Scheme: Two Tranches
The scheme is being implemented in two phases (tranches) to achieve its objectives efficiently:
Tranche-I (Outlay: ₹4,500 crore)
- Approved by the Union Cabinet on April 7, 2021.
- Implementing agency: Indian Renewable Energy Development Agency (IREDA).
- Target Capacity: 8,737 MW of fully integrated solar PV manufacturing.
- Outcome: In November-December 2021, IREDA issued Letters of Award (LoAs) to three successful bidders for setting up manufacturing units under this tranche.
Tranche-II (Outlay: ₹19,500 crore)
- Approved by the Union Cabinet on September 21, 2022.
- Implementing agency: Solar Energy Corporation of India (SECI).
- Target Capacity: 39,600 MW of solar PV manufacturing.
- In April 2023, SECI issued LoAs to 11 bidders for establishing fully or partially integrated solar PV manufacturing units under this tranche.
Key Benefits of the PLI Scheme:
- Financial Incentives:
Manufacturers will receive incentives for five years post commissioning based on the manufacture and sale of high-efficiency solar PV modules. - Employment Opportunities:
The scheme is expected to generate jobs across various sectors involved in solar PV manufacturing. - Reduced Carbon Footprint:
By promoting renewable energy technologies, the scheme contributes to India’s climate goals and reduces carbon emissions. - Boost to ‘Make in India’ Initiative:
The PLI scheme aligns with the ‘Make in India’ and ‘Aatmanirbhar Bharat’ missions, promoting domestic manufacturing and reducing reliance on imports.
Conclusion
The PLI Scheme for High Efficiency Solar PV Modules is a transformative initiative that aims to make India a global hub for solar PV manufacturing. By providing financial incentives and promoting the adoption of innovative solar technologies, the scheme will strengthen India’s renewable energy sector, reduce the cost of solar energy, and drive self-sufficiency in clean energy production.
The scheme not only positions India to meet its growing energy needs but also supports the country’s commitment to achieving net-zero emissions by 2070.
For More Details :- https://mnre.gov.in/en/production-linked-incentive-pli/