Production Linked Incentive Scheme for High Efficiency Solar PV Modules (PLI-Solar)

PRODUCT

Manufacturers will also have to fulfil the following minimum performance parameters:

Minimum module efficiency of 19.50% with a temperature coefficient of Pmax better than -0.30% per degree Celsius

Or

Minimum module efficiency of 20% with a temperature coefficient of Pmax equal to or better than - 0.40% per degree Celsius

ELIGIBILITY

Applicant manufacturer will have to undertake to set up a manufacturing plant of minimum 1,000 MW capacity (1,000 MW each for all individual stages included in the manufacturer’s proposal).

Assigned marks, for determining their inter-se position as per the following selection criteria table:

	SELECTION CRITERIA
Parameter	Stages of manufacturing	Marks	Max Marks
1. Extent of Integration	Stage-1: Manufacturing of Polysilicon from outsourced (imported/domestic) M.G. Silica + Stage-2: Manufacturing of Ingots-Wafers from Stage-1 Polysilicon + Stage-3: Manufacturing of solar cells from Stage-2 Wafers + Stage-4: Manufacturing of Modules from Stage-3 Solar Cells or Fully integrated manufacturing of Thin Film plant or fully integrated plant of any other technology	50	50
	Stage-2: Manufacturing of Ingots-Wafers from outsourced Polysilicon + Stage-3: Manufacturing of solar cells from Stage-2 Wafers + Stage-4: Manufacturing of Modules from Stage-3 Solar Cells or similar level of integration of any other technology	35
	Stage-3: Manufacturing of solar cells from outsourced Wafers + Stage-4: Manufacturing of Modules from Stage-3 Solar Cells or similar level of integration of any other technology	20
2. Manufacturing Capacity (in MW)	4,000 MW & above 3,500 MW and above but less than 4,000 MW 3,000 MW and above but less than 3,500 MW 2,500 MW and above but less than 3,000 MW 2,000 MW and above but less than 2,500 MW 1,500 MW and above but less than 2,000 MW 1,000 MW and above but less than 1,500 MW	50 45 40 35 30 25 20	50

INCENTIVE

PLI will be calculated as per following formula:

PLI (₹) to manufacturers = Sales Volume (Wp) × Base PLI Rate (₹/Wp as per position in Performance Matrix) × Tapering Factor (1.4, 1.2, 1, 0.8, 0.6 for 1st, 2nd, 3rd, 4th & 5th year respectively) × Local Value Addition expressed in fraction of one.

At the time of bidding, the bidders will also have to submit the quantum of total PLI required for the five year period post commissioning of the manufacturing unit. They will calculate PLI requirement for each individual year, based on the estimated values of the parameters in the formula above.

On the basis of module efficiency and module’s temperature co-efficient of Pmax (hereinafter also referred to as module’s temperature co-efficient), ‘Base PLI rate’ will be

determined in ₹/Watt peak (₹/Wp) as per the Performance Matrix Table given below:

Module’s Temperature Coefficient of Pmax* (in % per degree Celsius)↓	Module Efficiency (%) → Base PLI Rate (₹/ Wp) **	< 19.50%	=>19.50% but < 20%	=>20% and <= 21.5%	> 21.5% & <= 23%	Above 23%
	​Position		W	X	Y	Z
Worse than -0.40		0	0	0	0	0
-0.40 to -0.30	A	0	0	2.5	3	3.5
Better than -0.30	B	0	2.25	2.75	3.25	3.75

* Pmax = Maximum Power at Standard Test Conditions (STC), i.e. Irradiance 1000 W/m², cell

temperature 25°C, air mass (AM)= 1.5; Module’s temperature coefficient refers to percentage change in Pmax per degree Celsius rise in temperature

** Increase in the Base PLI Rate (₹/Wp) of ₹0.25/Wp for different module efficiency has been kept to motivate and incentivize manufacturers for producing higher efficiency module which requires higher investment for R&D.

In order to give a signal to solar PV manufacturing industry that they will need to be competitive after five years, the PLI rate (₹/Wp) will be higher in the beginning and lower

towards the end of five-year period. To achieve the objective of tapering down the PLI rate (in ₹/Wp), the PLI rate (₹/Wp) will be multiplied by a tapering factor of 1.4 for the 1st year of the five year PLI disbursement period followed by a tapering factor of 1.2, 1.0, 0.8 and 0.6 for the 2nd, 3rd, 4th and 5th year of the PLI disbursement period respectively.

BENEFICIARIES AND WAITING LIST

1. Jindal India Solar Energy Limited (removed later)

2. Shirdi Sai Electricals Limited

3. Reliance New Energy Solar Limited

4. Adani Infrastructure Private Limited

5. FS India Solar Venture Private Limited

6. Coal India Limited

7. Larsen and Toubro Limited

8. Renew Solar (Shakti Four) Private Limited

9. Tata Power Solar System Ltd

10. Waaree Energies Ltd

11. Vikram Solar Limited

12. Avaada Venture Private Limited

13. Megha Engineering and Infrastructures Limited

14. Premier Energies Ltd

15. ACME Eco Clean Energy Private Limited

16. Emmvee Photovoltaic Power Private Limited