Centre gives nod to Rs 4500 cr PLI scheme for Solar PV modules

  • Industry News
  • Apr 07,21
The scheme aims to create additional 10,000 MW capacity of integrated solar PV manufacturing plants. It is expected to drive direct investment of around Rs 17,200 crore in solar PV manufacturing.
Centre gives nod to Rs 4500 cr PLI scheme for Solar PV modules

The Cabinet, chaired by Prime Minister Narendra Modi, has approved the Ministry of New & Renewable Energy (MNRE) proposal to implement the Production Linked Incentive (PLI) Scheme 'National Programme on High Efficiency Solar PV (Photo Voltic) Modules' for achieving manufacturing capacity of Giga Watt (GW) scale in high efficiency solar PV modules with an outlay of Rs 4500 crore.

Solar capacity addition presently depends largely upon imported solar PV cells and modules as the domestic manufacturing industry has limited operational capacities of solar PV cells and modules. The National Programme on High Efficiency Solar PV Modules will reduce import dependence in a strategic sector like electricity. It will also support the Atmanirbhar Bharat initiative.

Solar PV manufacturers will be selected through a transparent competitive bidding process. PLI will be disbursed for 5 years post commissioning of solar PV manufacturing plants, on sales of high efficiency solar PV modules. Manufacturers will be rewarded for higher efficiencies of solar PV modules and also for sourcing their material from the domestic market. Thus, the PLI amount will increase with increased module efficiency and increased local value addition.

Benefits outlay  

The scheme aims to create additional 10,000 MW capacity of integrated solar PV manufacturing plants. It is expected to drive direct investment of around Rs 17,200 crore in solar PV manufacturing projects. Demand of Rs 17,500 crore over 5 years for Balance of Materials and to employ about 30,000 people directly and indirect employment to about 120,000 people. This will help in achieving import substitution of around Rs17,500 crore every year and would further strengthen to Research & Development to achieve higher efficiency in solar PV modules.

Related Stories

Auto & Auto Components
Balu Forge acquires Mercedes Benz’s precision machining unit in Germany

Balu Forge acquires Mercedes Benz’s precision machining unit in Germany

This acquisition will enable BFIL to produce crankshafts and other precision machined components for Original Equipment Manufacturers in the Class 7 and Class 8 trucks and heavy-duty vehicle categor..

Read more
Construction Equipment
Construction equipment sales in India drops by 23% in Q3 FY22: ICEMA

Construction equipment sales in India drops by 23% in Q3 FY22: ICEMA

The construction equipment sales suffered on account of multiple factors, the most noteworthy being the significant slowdown in road construction activity, according to the Indian Construction Equip..

Read more
Automation & Robotics
HANNOVER MESSE 2022 postponed to beginning of June

HANNOVER MESSE 2022 postponed to beginning of June

Due to the current situation surrounding Covid, Deutsche Messe AG will stage the world’s leading trade show for industrial technology from 30 May to 2 June.

Read more

Related Products

Inverter Wire Harness

Electric Power Generation and Related Equipment

Sparsh Electronics offers a wide range of inverter wire harness

Read more

Request a Quote

Hot Air Generator

Electric Power Generation and Related Equipment

Joyan Engineering Corporation offers a quality of Hot Air Generators, which helps us to meet the requirements of their customers accordingly. These are appreciated for their precision designing, hi Read more

Request a Quote

Pole Generator

Electric Power Generation and Related Equipment

Mecc Alte India Pvt Ltd offers Pole Generator. The NPE32 range has many product features designed into the alternator. Self-regulation is obtained through a digital electronic regulator that is fed Read more

Request a Quote