MNRE plans Rs.19,500cr second tranche of PLI
India is looking at building capacities of 38GW in Polysilicons, 56GW in Ingot and Wafers, 70-80GW in cells and 90-100GW in modules by 2026, says a senior Government official.
“We have to install approximately 25-35GW every year,” said MNRE Secretary Indu Shekhar Chaturvedi.
“Our targets are huge, if you consider the 500 GW plans we have by 2030 which does not take into account the Hydrogen plans.
“The outlook for Solar manufacturing seems good.”
The Ministry of New and Renewable Energy (MNRE) is planning to come out with the bids for Rs.19,500-crore second tranche of production linked incentive (PLI) scheme soon, he informed.
“For PLI 2, we are confident that the bid will be issued within a week. The scheme guidelines have already been published”.
Speaking at the Third Edition of CII AatmaNirbhar Bharat in RE conference in New Delhi on 17 Oct, he said, “The government is also looking to give deemed distribution licence in the renewable energy sector.”
India being AatmaNirbhar in the renewable sector is not only good for India but for the world, said Chaturvedi, citing the huge dependence of world for renewable energy sector on one country (China).
“The PLI schemes which will incentivise domestic manufacturing help us become self-sufficient and suppliers to the world in solar power equipment, just like we are supplying wind-energy equipments,” elaborated Commerce and Industry Minister Piyush Goyal.
“India should work towards becoming fully independent in the renewable energy sector to prevent the country and the world from becoming largely dependent on a single supply source.
“We shouldn’t let renewable energy sector suffer what pharmaceuticals sector did in the past, when a single country started making almost all key materials (Active Pharma Ingredients, API, or raw material for finished drugs),” he said at the RE conference.
The conference, themed Pathways for Global Partnership in Green Energy: Powering India & the World, was held in partnership with the MNRE Ministry.
The energy security in today’s context has become a matter of national security and economic security, and integrated ecosystem in a renewable energy is a priority today, stressed Goyal.
“Covid-19 has taught us a lesson, that we will have to be self-sufficient also in the sources of machinery and equipment in renewable energy. Huge supply chain disruption led to renewable energy suffering,” he pointed out,
Indicating the policy direction for PLI-2, MNRE Minister RK Singh said that high efficiency cells and modules will be incentivised.
“We will rule out low efficiency cells and modules. We will give the industry a window for transition,” said Singh, adding that the rapid transition in the sector to emerge as a source of renewable energy globally only leaves space for the latest cutting edge technology in the country. fiinews.com
