The Indian government is funding research at the Indian Institute of Technology Bombay (IIT Bombay) and state-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) to develop high-efficiency solar cells even as it is coming up with a production-linked incentive scheme to incentivize manufacturing of such cells.
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Research teams at these institutions are developing crystalline silicon solar cells with an efficiency of a minimum 21%, in addition to roll-to-roll perovskite solar cells.
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Power Minister told parliament in response to a query that Ministry has provided funding support for developing crystalline silicon solar cell with targeted efficiency of 22% to National Centre for Photovoltaic Research and Education (NCPRE) at IIT Bombay; roll-to-roll perovskite solar cells to IIT Bombay; and PERC solar cells with targeted efficiency of 21% to Bharat Heavy Electricals Limited, Gurugram.
To attract investments in the solar manufacturing sector, a Foreign Direct Investment (FDI) Cell and a Project Development Cell have been created in the MNRE.
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Further, to enhance India’s manufacturing capabilities and exports, the Government has approved the introduction of the Production Linked Incentive (PLI) Scheme in ten sectors, including high-efficiency solar PV modules.
The scheme provides an INR 4,500-crore funding for high-efficiency solar modules.
This is an Agency News Feed; edited by Clean-Future Team