Solar PLI to depend on sales volume, domestic sourcing

The Hindu Business Line | Apr 30, 2021 at 4:04 PM
  • The size of the Central government’s production-linked incentive for new solar module manufacturing plants will be determined on the basis of their sales volume, the extent of domestic sourcing of raw materials, and the efficiency of their modules, particularly under higher temperatures.
  • The Ministry will calculate the incentive on half the production capacity that the manufacturer sets up, or on 2,000MW, whichever is smaller, “to accommodate at least three manufacturers under the overall envelope of ₹4,500 crore.“ This means that the incentive will be capped for plants with a capacity greater than 4,000MW.
  • The 2021-22 budget allotted ₹2,606 crore to the Ministry for the solar industry, 66 per cent higher than the revised estimates of allocations in the previous year.