Tata Power, Indosol among 11 companies to get solar cell manufacturing approval under PLI scheme

PLI Scheme: Under the second tranche of the production-linked incentive scheme (PLI), the government has allocated a total capacity of 39,600 megawatts (MG) of domestic Solar PV module manufacturing capacity to 11 companies including Tata Power, Indosol, and First Solar. 

"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 under the Production Linked Incentive Scheme for High-Efficiency Solar PV Modules (Tranche-II)," a power ministry statement said.

List of all 11 companies: 

This second tranche 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.

The ministry informed that the manufacturing capacity totalling 7,400 MW is expected to become operational by October 2024, another 16,800 MW capacity by April 2025, and the remaining 15,400 MW capacity by April 2026.

Union Minister for Power, R K Singh said that India is well on its way to climb up the value chain in the production of the high technology solar PV modules.

"The PLI Scheme has proved to be a watershed event in India's Renewable landscape resulting in around 48 gigawatts (GW) domestic module manufacturing capacity within the next 3 years. Scheme has boosted government's efforts to reduce not only the impact of global supply chain shocks but also our import dependence adhering to the Prime Minister's vision of an Aatmanirbhar Bharat," Singh said.

A total integrated capacity of 8,737 MW was allocated under 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.

Under the polysilicon, ingot-wafers, solar cells, and module (P+W+C+M) basket, Reliance and Indosol bagged 6,000 MW capacity each, while First Solar bagged 3,400MW. P+W+C+M Basket includes manufacturing of polysilicon, ingot-wafers, solar cells, and modules.

Under ingot-wafers, solar cells, and modules (W+C+M) Basket, Waaree bagged 6,000 MW followed by ReNew at 4,800 MW, Avaada at 3,000MW, Grew at 2000 MW and JSW at 1,000 MW.

Under the solar cells and modules basket, Tata Power Solar bagged 4,000 MW followed by Vikram at 2,400 MW and AMPIN at 1000 MW.

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