Solar PV manufacturing capacity of 8.7 GW set to be operational by 2024.

Solar photovoltaic (PV) module manufacturing capacity of 8,747 megawatts (MW) is expected to be commissioned by December 2024 under the first tranche of the Production Linked Incentive (PLI) scheme

Under Tranche-I, the PLI scheme for high efficiency solar PV modules is being implemented with an outlay of ₹4,500 crore. The Letters of Award (LoA) have been issued to three successful bidders in November and December 2021 for setting up of 8,737 MW of fully integrated capacities.

The data from the Ministry of New & Renewable Energy (MNRE) said that the scheduled commissioning dates for these capacities are in November and December 2024. Besides, the three beneficiary manufacturers have made an investment of around ₹2,441 crore till February 2023 under the scheme.

HBL