New Delhi: Reliance, First Solar, Waaree, Avaada, ReNew, JSW, Tata Power Solar, Vikram Solar and three other companies have been awarded 39,600 MW of domestic solar PV module manufacturing capacity under the second tranche of Production-Linked Incentive (PLI) scheme. “The government has allocated a total capacity of 39,600 MW of domestic Solar PV module manufacturing capacity to 11 companies, with a total outlay of Rs 14,007 crore under the Production Linked Incentive Scheme for High Efficiency Solar PV Modules (Tranche-II),” said the Ministry of Power on Tuesday.
Manufacturing capacity totalling 7,400 MW is expected to become operational by October 2024, 16,800 MW capacity by April 2025 and the balance 15,400 MW capacity by April 2026. “The tranche-II is expected to bring in an investment of Rs 93,041 crore. It will also generate a total of 1,01,487 jobs with 35,010 getting direct employment and 66,477 being indirectly employed,” said the ministry.
Speaking on the success of the PLI scheme, Minister for Power and New and Renewable Energy RK Singh said that India was well on its way to climb up the value chain in the production of high-technology solar PV modules and this capacity addition is a major step towards making India Aatmanirbhar in the solar manufacturing sector. “The PLI scheme has proved to be a watershed event in India’s Renewable landscape resulting in around 48 GW domestic module manufacturing capacity within the next three years. Scheme has boosted the government’s efforts to reduce not only the impact of global supply chain shocks but also our import dependence adhering to the Hon’ble Prime Minister’s vision of an Aatmanirbhar Bharat,” Singh said.
In the P+W+C+M (Polysilicon, Wafer, Cell, Module) basket, a total manufacturing capacity of 15,400 MW has been awarded. Indosol and Reliance have bagged 6,000 MW each, and First Solar has secured 3,400 MW.
In the W+C+M (Wafer, Cell, Module) basket, 16,800 MW capacity has been allocated to Waaree (6,000 MW), Avaada (3,000 MW), ReNew (4,800 MW), JSW (1,000 MW) and Grew (2,000 MW).
In the C+M (Cell, Module) basket, 7,400 MW has been allocated. Out of the total, 4,000 MW has been bagged by Tata Power Solar, 2,400 MW by Vikram Solar and the remaining 1,000 MW by AMPIN.
A total integrated capacity of 8,737 MW was allocated under tranche-I of the scheme in November-December 2022. In comparison to tranche-I, the capacity allocation under tranche-II has gone up by 353 percent. Together, the total domestic solar PV module manufacturing capacity allocated under the PLI scheme is 48,337 MW, with a cumulative support of more than Rs 18,500 crore by the government.
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