The policy will aim to help manufacturers in setting up solar manufacturing facilities in India under the 'Make in India' initiative of the government.
The policy will provide enabling conditions for producing solar equipment and can include mechanisms such as off-take guarantees, 100% payment guarantees, institutional hedging, etc.
14 Apr 2016
Possible provisions of the policy
The policy which is based on the recommendation of the high-level interministerial panel will soon go to the cabinet for approval.
The policy may provide for utilisation of the National Clean Energy Fund corpus to provide subsidies to domestic manufacturers for technological upgradations, overcoming financial distress, hedging support, etc.
A new bidding framework and viability gap funding for manufacturers are also being discussed.