Cabinet approves second tranche of INR 19,500 cr Solar PLI scheme

The Cabinet on Wednesday approved the Ministry of New & Renewable Energy’s (MNRE) proposal for implementation of the second tranche of the Production Linked Incentive (PLI) scheme on the national programme on high efficiency solar photovoltaic (PV) modules.

The second tranche has an outlay of ₹19,500 crore for achieving manufacturing capacity of Gigawatt (GW) scale in high efficiency solar PV modules, MNRE said in a statement. Benefits “It is estimated that about 65,000 megawatt (MW) per annum manufacturing capacity of fully and partially integrated, solar PV modules would be installed.

“The national programme on high efficiency solar PV modules aims to build an ecosystem for its manufacturing in India, and thus reduce import dependence in the area of renewable energy. The PLI will be disbursed for 5 years post commissioning of the manufacturing plants. The first tranche of PLI was for an outlay of ₹4,500 crore for supporting the setting up of integrated manufacturing units Encouraging response was received to the PLI tender and bids for around 55 GW of manufacturing capacity were received.

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