Indian Economy News

Solar PLI of Rs. 20,000 crore (US$ 2.44 billion) puts focus on efficiency levels

  • IBEF
  • October 4, 2022

In contrast to the first tranche, the selection criteria for the Rs. 19,500 crore (US$ 2.38 billion) second tranche of production-linked incentives (PLI) for solar manufacturing places a premium on module efficiency levels, as per the New & Renewable Energy Ministry's published standards.

Capacity and integration levels were given separate marks in the selection criteria for the first tranche, with value-addition and capacity being utilised as secondary factors to handle the situation of ties among competing firms.

To ensure that mid to big players in the industry would get a fair chance to participate in the updated scheme, unlike the previous scheme, a separate budget has been allocated for each level of integration, such as polysilicon to module, ingots to module, and cell to module.

The second tranche of PLI for the production of high efficiency solar modules was approved by the government on September 21, 2022. The scheme is expected to add 975,000 direct and indirect jobs.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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