National Programme on High Efficiency Solar PV Modules

Current (GK) (CGL) Sustainable Development and Envirnmental Issues

The Union Cabinet recently approved the Production Linked Incentive Scheme called the “National Programme on High Efficiency Solar Photo Voltaic Modules”.
Photo Voltaic are units that convert light energy into electrical energy.
The programme aims to achieve manufacturing capacity in Giga Watt scale in high efficiency solar PV modules.
The total outlay of the scheme has been estimated as Rs 4,500 crores.
The programme aims to bring additional 10,000 MW capacity of integrated solar PV manufacturing units in India.
It will bring in direct investment of Rs 17,200 crores in solar Photo Voltaic manufacturing projects.
The demand for “Balance of Materials” is expected to touch Rs 17,500 crores in five years after the launch of the scheme.
It will bring indirect employment of 1,20,00 and direct employment of 30,000.
It will stimulate research and development that will achieve higher efficiency in solar PV modules.