Production Linked Incentive Scheme Tranche-I under National Programme on High Efficiency Solar PV Modules

> Incentive Benefit:

1. Production Linked Incentive (PLI) to eligible manufacturers.
2. Financial outlay: ₹4,500 crore.
3. PLI available for 5 years from commissioning or scheduled commissioning date, whichever is earlier.
4. PLI calculation formula:
5. PLI (₹) = Sales Volume (Wp) × Base PLI Rate (₹/Wp) × Tapering Factor × Local Value Addition.

> Additional Benefit Conditions:

1. PLI amount increases with increased local value addition.
2. Brownfield projects are eligible, but the PLI rate is 50% of the Greenfield rate.
3. PLI rates are subject to tapering factors:

• Year 1: 1.4
• Year 2: 1.2
• Year 3: 1.0
• Year 4: 0.8
• Year 5: 0.6

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1. The applicant should be a manufacturer proposing minimum integration across solar cells and modules.
2. The applicant should undertake to set up a manufacturing plant of minimum 1,000 MW capacity.
3. The applicant should meet minimum module performance parameters:
4. Minimum module efficiency of 19.50% with temperature coefficient better than -0.30% per degree Celsius; or
5. Minimum module efficiency of 20% with temperature coefficient equal to or better than -0.40% per degree Celsius.
6. The applicant may be a single company or Joint Venture/Consortium, subject to scheme conditions.
7. The applicant may be a Greenfield project. Brownfield projects may participate subject to prescribed eligibility criteria.

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Step 1: The applicant should participate in the transparent bidding process under the scheme.

Step 2: The applicant should submit an application to Indian Renewable Energy Development Agency (IREDA) in response to bid/tender documents. (The PDF indicates applications are received and examined by IREDA.)

Step 3: The applicant should undergo appraisal and inter-se ranking based on:

• Extent of Integration
• Manufacturing Capacity
• Minimum Module Performance Parameters.

Step 4: Selected applicants should sign Contract Agreement with IREDA.

Step 5: Selected applicants should submit Performance Bank Guarantee.

Step 6: The applicant should commission manufacturing facilities within applicable timeline:

• Within 3 years; or
• Within 2 years; or
• Within 1.5 years, as applicable.

Step 7: The applicant should submit annual claims for PLI with supporting documents.

Step 8: Claims will be verified by IREDA/MNRE and incentive may be disbursed as per scheme provisions.

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