Govt to increase PLI funding for solar manufacturing to INR 24,000 crore


Bidders who couldn’t win projects under the government’s INR 4,500 crore production-linked incentives scheme for solar manufacturing still stand a chance to avail the funding benefits as the government is increasing the Scheme’s financial layout to INR 24,000 crore. 

Power minister RK Singh has told news agency PTI that the government has approved in-principle the ministry’s proposal for INR 19,000 crore more under the PLI, enhancing the Scheme’s layout to INR 24,000 crore. The move will help accommodate more willing manufacturers under the Scheme, thus paving the way for making India a solar panel manufacturing hub and exporting nation.

The PLI Scheme to support gigawatt-scale manufacturing of high-efficiency solar modules, concluded with three players, Jindal India Solar, Shirdi Sai Electricals, and Reliance New Energy Solar, emerging as beneficiaries through the allotment on bucket filling basis. Others, including Adani Infrastructure, First Solar, Coal India, Larsen & Toubro, Renew Solar, Tata Power, Waaree Energies, and many more, are those on the waiting list in that order based on their cumulative scores. 

As per the PLI document, the waiting list will be valid for six months post announcement of successful bidders and will be cleared following the bucket filling method if the ministry gets additional financial outlay over and above INR 4,500 crore.

The minister added that at present India has a solar module manufacturing capacity of 8.8 GW and cell capacity of 2.5 GW, and the PLI tender received bids for 54.5 GW of solar equipment manufacturing capacity.




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