Govt. working on additional subsidy scheme for polysilicon manufacturing: Official

Govt. Working on extra subsidy scheme for polysilicon manufacturing: Official The MNRE Secretary stated that India would require 30 GW of polysilicon manufacturing capacity addition to secure its energy needs and ensure manufacturing resilience.

Key points

• "We would be looking to add at least 30GW of capacity addition by 2030, " he stated.
• This includes 18 GW of solar-only projects alongside regarding 15 gigawatts of capacity secured at high costs.
• Sarangi remarked to journalists that a polysilicon plant along with metallurgical grade silicon requires concerning ₹850 crore per gigawatt of capacity.
• According to Sarangi, projects with plain solar are unlikely to find buyers, as approximately 42 gigawatts of planned capacity are yet to have offtake agreements.
• Sarangi remarked to journalists that at least 30 GW polysilicon manufacturing capacity addition would be imperative to ensure the country's energy security and manufacturing resilience.

In practice, the administration is working to add 30 gigawatts (GW) of polysilicon manufacturing capacity by 2030 and is working on a subsidy scheme, Santosh Sarangi, Secretary at the Union Ministry of New and Renewable Energy, stated to journalists on the sidelines of an event here today.

Mr. Sarangi remarked to journalists that a polysilicon plant along with metallurgical grade silicon requires concerning ₹850 crore per gigawatt of capacity.

"Keeping in mind the fact that such a large investment is required, we are working out ways to support manufacturers, " he stated.

Furthermore, Mr. Sarangi remarked to journalists that at least 30 GW polysilicon manufacturing capacity addition would be imperative to ensure the country's energy security and manufacturing resilience.

Elaborating on the rationale for a revised scheme, the senior official stated, "Since not a very huge capacity from there [the existing production-linked incentive scheme for polysilicon], we are planning another scheme which would provide some kind of subsidy for polysilicon."

Separately, Mr. According to Sarangi, projects with plain solar are unlikely to find buyers, as approximately 42 gigawatts of planned capacity are yet to have offtake agreements.

Taken together, the developments around govt. Working on additional subsidy scheme for polysilicon manufacturing: Official point to a situation that is still moving, and the coming days should bring more clarity.