Govt. working on additional subsidy scheme for polysilicon manufacturing: Official
The Indian government is developing a new subsidy scheme to boost domestic polysilicon manufacturing capacity by 30 gigawatts by 2030. This initiative aims to ensure energy security and manufacturing resilience in the solar sector.
Why it matters
Signals a strategic shift in industrial policy to reduce reliance on imports for critical renewable energy components.
The government 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, told reporters on the sidelines of an event here today.
Mr. Sarangi told reporters that a polysilicon plant along with metallurgical grade silicon requires about ₹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 told reporters that at least 30 GW polysilicon manufacturing capacity addition would be imperative to ensure the country’s energy security and manufacturing resilience.
“We would be looking to add at least 30GW of capacity addition by 2030,” he stated.
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