ALMM
Domestic open access solar capacity addition doubles to 1.8 GW in Jan-Mar: Mercom
India added over 1.8 gigawatts (GW) of solar open access capacity in the first quarter of the calendar year of 2024, posting a two-fold increase from 909.3 megawatts (MW) in Q4 2023, the report titled 'Mercom India Solar Open Access Market' said.
Rules eased for Green H2 producers in SEZs
India Tuesday exempted solar and wind energy plants located in a special economic zone, or export-oriented units for production of green hydrogen and its derivatives that are also in the same zone, from buying modules and turbines from the approved list of models and manufacturers.
India adds record 10 GW of solar capacity in Q1 2024, marking almost 400 pc YoY increase
This figure represents an almost 400 per cent year-over-year (YoY) increase compared to the over 2 GW installed in Q1 2023, as per the recent Q1 2024 India Solar Market Update from Mercom India Research.
Vikram Solar gets 250 MW module supply order from Gujarat Industries Power Company
Vikram Solar has secured a 250 MW solar module supply order from Gujarat Industries Power Company Ltd (GIPCL), under the government's Approved List of Models and Manufacturers. The high-efficiency, bifacial modules will be manufactured, tested, and installed at a renewable energy park near Khavda, Gujarat.
India to reimpose restrictions on procurement of solar modules from April 1
Import restrictions on solar modules return April 1, aiding local capacity. Exemptions exist for projects till March 31, 2024. Domestic manufacturing capacities are projected to grow significantly by 2026.
Solar module duty sop under ALMM may not continue after March 31
India is considering not extending the solar module import exemption beyond March 31. The Ministry may relax commissioning timelines for modules arriving before the deadline to bridge the supply-demand gap in the solar sector.
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Renewable Energy capacity to rise to 170 GW by March 2025, says ICRA
ICRA estimates India's RE capacity to reach 170 GW by Mar 2025, enhancing RE plus large hydro share in all-India electricity generation to 40% in FY30. RTC supply important. Tendering activity improving. Wind and solar with energy storage can achieve RTC. Challenges in wind energy segment. DSCR improvement. State discoms making improved payments.
MNRE brings back ALMM for solar modules; to be in effect from 1 April 2024
The earlier Order stated that projects commissioned by 31 March 2024 will be exempted from the requirement of procuring solar modules from ALMM
India’s solar panel imports set to remain higher in FY24
During the initial six months of FY24, India saw a surge in solar module imports, reaching a substantial $1,136.28 million. This surpassed the total PV panel imports for the entire FY23, which amounted to $943.53 million, according to Eninrac Consulting.
Import of cheaper solar modules on rise as China exploits loopholes
Indian manufacturers say the imports are hurting domestic industry as the Chinese firms are resorting to dumping their products by misusing the FTA route.
Indian renewable energy capacity expected to reach 170 GW by Mar ’25: ICRA
“The sharp decline in solar PV cell and module prices, abeyance of the ALMM order till March 2024, and the timeline extension approved for solar and hybrid projects is expected to lead to an improvement in RE capacity addition to 20 GW in FY2024 from 15 GW in FY2023," said Vikram V, Vice President & Sector Head - Corporate Ratings, ICRA.
Domestic solar module manufacturing capacity to touch 60 GW mark by 2025: Icra
The solar PV module manufacturing capacity in India is relatively low and is largely restricted to the last manufacturing stage. The PLI scheme is expected to change this, with integrated module units expected to come up in India over the medium term.
Govt plans to register only India-made solar panels under ALMM: RK Singh
The Indian government is planning to register solar panels made with domestically manufactured cells, wafers, and polysilicon under the Approved List of Models and Manufacturers (ALMM) in the next few years. The move aims to boost domestic manufacturing of solar panels and ensure that only modules with high efficiency are included in the list. The government will not promote the import of solar panel components and will review the ALMM next year to prevent the endorsement of outdated equipment or technology.
Adani plans to build 10 GW solar manufacturing capacity by 2027
Adani Group is planning to expand its solar manufacturing capacity to 10 GW by 2027. Currently, the group has a capacity of 4 GW and has already secured orders for over 3,000 MW in exports. Adani recently raised $394 million for solar manufacturing from Barclays and Deutsche Banks. The Indian government's initiatives, such as safeguard duty and PLI, have encouraged private players like Adani to invest in the solar manufacturing sector.
Has the sun finally started shining on India's solar industry?
China supplies nearly three quarters of the world’s solar panels. It had an early mover advantage when it started to grow its solar industry more than a decade ago. It established an end-to-end supply chain — the country now makes most of the world’s polysilicon, a key material in solar panels.
Hartek is betting big on floating solar and green hydrogen
Hartek Solar, one of the top rooftop solar installers in India, is focusing on floating solar projects as they see it as a potential game changer in the future. They are also planning to enter the hydrogen business and are confident in their expertise despite competition from larger corporations.
ICRA sees power demand growth at 5-5.5% in FY24 vs 9.6% FY23
The likelihood of El Nino in FY24 may have a positive impact on electricity demand, it said. Demand in the last financial year was supported by a severe heat wave, favourable base, and a revival in economic activity. The rating agency expects sustained growth in electricity demand to improve the visibility on the signing of new power purchase agreements for the thermal independent power producers.
Solar capacity installations fall 48 per cent to 1.9 GW in January-March 2023: Mercom India
"India added 1.9 GW of solar capacity in the first quarter of calendar year 2023, a 48 per cent decrease year-over-year (YoY) compared to the 3.6 GW added in Q1 2022," the report titled 'Q1 2023 India Solar Market Update' said.On a quarter-on-quarter (q-o-q) basis, the installations were 30 per cent lower compared to the 2.7 GW solar capacity installed in October-December period or fourth quarter in 2022.
Govt cut application fee by 80 percent for solar equipment makers, doubles enlisting period under approved list
The Ministry of New & Renewable Energy (MNRE) in India has implemented a series of reforms to its Approved List of Models and Manufactures for Solar Photovoltaic Modules (ALMM). The key reforms include a reduction in fees, allowing withdrawal of applications, and providing provisional enlistment. The changes aim to reduce costs for manufacturers and make it easier for them to comply with the ALMM mechanism for Solar PV modules.
No plans to extend ALMM for renewable energy player: Official
The government earlier extended the ALMM by one year till March 2024 amid industry raising concerns over raw material availability and supply chain. ALMM was introduced to boost domestic manufacturing. The official further said that "the ministry on a regular basis keeps on interacting with industry stakeholders and actively addresses their issues with respect to projects".
See rooftop solar booming; ready for peak demand: Power Minister RK Singh
RK Singh said that India may commission at least 55-60 GW of renewable capacity in a year. In an interview ith ET, he said that the govt is expecting peak demand at 231 GW but is prepared even for higher demand.
Domestic solar capacity addition grows 27 per cent in 2022: Mercom report
"Solar capacity made up 82 per cent of the total 16 GW new power generation capacities added in 2022," the report titled 'Mercom India Solar Market Update' said. India added 13 gigawatts (GW) of solar capacity in the calendar year (CY) 2022, a 27 per cent increase year-on-year (y-o-y) compared to 10.2 GW installed in CY 2021, it added.
Waaree to expand its module manufacturing capacity to 12 GW by Mar 2023
Waaree is the lone manufacturer in India approved by ALMM (Approved List of Models and Manufacturers) to ship high-wattage panels -- 650WP along with 600WP and 540WP -- from its manufacturing facilities in Surat, Chikhli, Tumb and Nandigram.
Rooftop solar capacity installations fall 29 pc to 320 MW in Jul-Sep: Mercom report
During January-September, the installations at 1,165 MW were also down 11 per cent compared to 1,310 MW in the corresponding nine-month period of the last year, the report titled 'Mercom India Rooftop Solar Market Report Q3 2022' said.
With less than four month to go, India still 39GW away from its 2022 solar target: Report
In the first 8 months of 2022, India added a total of 8 GW of grid-connected solar capacity. Further, as per JMK Research estimates, in the last 4 months of 2022, India is likely to add 7 GW of solar capacity. "Thus, it is expected that the nation would reach a total grid-connected solar installation of 68 GW by 2022."
Rules on sourcing solar modules may be eased amid shortage, arbitrary pricing
Solar power project developers have to currently purchase modules from a government list of domestic manufacturers, which has resulted in a shortage of equipment as local production is not adequate. Some developers have also complained of arbitrary pricing by local companies.
Open access solar installations in India jumps 97 pc to 1.3 GW in Jan-Jun: Mercom India
In H1 2022, India added 1.3 GW of open access solar, a 97 per cent increase compared to 638 MW installed in 1H 2021, the second-highest recorded first half of any year," the report titled 'Mercom India Solar Open Access Market Report Q2 2022' said. The demand for renewables through open access is mounting as corporates with commitments to RE100 goals are driving the uptake of renewables and bringing along their supply chains.
India set to miss 2022 solar target by 27 per cent: Report
With just eight months of 2022 remaining, only about 50 per cent of the 100GW target, consisting of 60GW of utility-scale and 40GW of rooftop solar capacity, has been met.
Domestic solar equipment makers running plants at 30% capacity; reforms, tariff safeguards needed
AISIA has urged Power and New & Renewable Energy Minister R K Singh that structural safeguards and tariff-based barriers are needed for domestic manufacturing to gain a foothold and establish itself. The body highlighted that the (solar equipment) "domestic manufacturers run their plants at 30 per cent capacities and incur huge unbearable losses."
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