Solar PLI scheme to benefit incremental demand till FY30: Ind-Ra

Centre’s solar modules manufacturing production linked incentive scheme will benefit incremental panels demand till FY30 said India Ratings and Research (Ind-Ra). According to the ratings agency’s estimates, the allocation of `45 billion towards modules manufacturing by the Ministry of New and Renewable Energy (MNRE) can benefit the sales of 20GW from the capacity developed under the PLI scheme.

“It also means sanction of the PLI facility which will benefit 4-6GW of sales annually over five years from commissioning of the beneficiary manufacturing facilities,” the agency said in a report.

“The scheme can facilitate additional 8-12GW annual solar cell or module manufacturing capacity in India.