Under the production-linked incentive (PLI) scheme for high efficiency solar PV modules tranche-II, 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 crores.
According to the official press release, 7400 MW of manufacturing capacity will be operational by October 2024, 16,800 MW capacity will be operational by April 2025, and the remaining 15,400 MW capacity will be operational by April 2026. It went on to say that tranche-II is expected to bring in Rs 93,041 crore.
“The PLI scheme has proved to be a watershed event in India’s renewable landscape resulting in about 48 GW domestic module manufacturing capacity within the next three years,” the release quoted renewable energy minister R K Singh.
In November-December 2022, a total integrated capacity of 8737 MW was allocated under tranche-I of the PLI scheme. According to the release, the total domestic solar PV module manufacturing capacity allocated under the PLI Scheme is 48,337 MW, with the government providing a total support of over Rs 18,500 crore.
According to the release, a total of 15,400 MW capacity was awarded in the polysilicone, wafers, cells, and modules basket under tranche-II.
According to the release, a total of 15,400 MW capacity was awarded in the polysilicone, wafers, cells, and modules basket under tranche-II. Indosol received 6,000 MW, Reliance received 6,000 MW, and First Solar received 3,400 MW.
The wafers, cells, and modules basket received a total of 16,800 MW of manufacturing capacity. Waaree received 6,000 MW, Avaada received 3,000 MW, ReNew received 4,800 MW, JSW received 1,000 MW, and Grew received 2,000 MW.
Total capacity of 7,400 MW was awarded under the cells and modules basket. Vikram Solar received 2,400 MW of manufacturing capacity, AMPIN received 1,000 MW, and Tata Power Solar received 4,000 MW.