Government allocates 39.6 GW solar module capacity under second PLI tranche

 

The Government has allocated a total capacity of 39,600 MW of domestic solar photovoltaic (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).”

This manufacturing capacity is expected to be fully operational by April 2026, as per the following schedule:

• October 2024: 7,400 MW
• April 2025: 16,800 MW
• April 2026: 15,400 MW
• Total: 39,600 MW

 

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.

 

Tranche I

It may be recalled that a total integrated capacity of 8,737 MW was allocated to Tranche-I of the Scheme, in November-December, 2022. Considering the two tranches together, the total domestic solar PV module manufacturing capacity allocated under the PLI Scheme is 48,337 MW, with cumulative support of more than Rs.18,500 crore by the Government.

Also read: SECI Invites Bids For PV Modules Under PLI Scheme (Tranche 2)

Climbing up the value chain

Speaking on the success of the PLI scheme, R. K. Singh, Union Minister for Power & NRE said that India was well on its way to climbing up the value chain in the production of the 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. The 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.

 

Featured photograph (source: Tata Power Solar) is for representation only