The Ministry of New and Renewable Energy (MNRE) has issued guidelines for implementation of Production Linked Incentive (PLI) scheme ‘National Programme on High Efficiency Solar PV Modules’ for achieving manufacturing capacity of GW-scale. Through this scheme the MNRE aims to promote manufacturing of high efficiency solar PV modules in India and thus reduce import dependence in the area of renewable energy. The PLI scheme will be implemented by MNRE through Indian Renewable Energy Development Agency (IREDA) as the implementing agency.
Beneficiaries of the PLI scheme will be selected through a transparent bidding process. Applications will be shortlisted on the basis of parameters such as the extent of integration in manufacturing, manufacturing capacity, minimum module performance.Though a manufacturer can bid for any capacity (MW), the maximum capacity that can be awarded, to one bidder under the PLI scheme, is 50 per cent of the bid capacityor 2000 MW, whichever is less, to accommodate at least three manufacturers under the overall budget of Rs 4,500 crore.The manufacturing units sanctioned under the programme would be eligible for getting PLI on annual basis on sales of high efficiency solar PV modules for 5 years from commissioning or 5 years from scheduled commissioning date, whichever is earlier.
On 11 November, 2020, the Cabinet approved introduction of Production Linked Incentive (PLI) Scheme for 10 key Sectors, for enhancing India’s manufacturing capabilities and exports under Atmanirbhar Bharat initiative. One of the 10 sectors for which introduction of Production Linked Incentive (PLI) has been approved by the Cabinet is ‘High Efficiency Solar PV Modules’ for which MNRE has been designated as the implementing Ministry. A financial outlay ofRs 4,500 crorefor the schemewas approved by the Cabinet over a five-year period.