The Cabinet Committee on Economic Affairs (CCEA) recently approved an extension to the existing 1,000 megawatts (MW) central public sector undertaking (CPSU) scheme under the National Solar Mission (NSM), taking the cumulative capacity approved under it to 12 gigawatts (GW).
The CCEA also approved ₹8,580 crore as viability gap funding to subsidize projects to be set up under the scheme between fiscals 2020 and 2023, which is about ₹70 lakh per MW. The approval, however, mandates the use of both domestic cells and modules.
However, this comes at a time when domestic manufacturers are finding it difficult to sustain themselves because of a flood of cheap imports.
