MNRE Adds 4.1 GW to Solar Manufacturers List
POWER & RENEWABLE ENERGY

MNRE Adds 4.1 GW to Solar Manufacturers List

The Ministry of New and Renewable Energy (MNRE) has taken significant strides in bolstering India's solar energy sector by expanding the Approved List of Models and Manufacturers (ALMM), adding a substantial 4,104 MW of new solar module capacity. This move elevates the cumulative module manufacturing capacity under ALMM to an impressive 41,333 MW.

Premier Energies emerged as a major contributor to the expanded capacity, accounting for 1,320 MW, closely followed by Grew Energy with 1,150 MW. Other notable additions include ReNew (856 MW), Swelect HHV Solar Photovoltaics (474 MW), and several others.

Grew Energy, Solberry Energy, AG Solar Urja Udyog, and Total Solar Technologies stand out as the new entrants to ALMM, reflecting the sector's dynamism and growing competition.

Waaree Energies, a prominent player in the solar industry, has secured an enlisted capacity of 10,775 MW out of its total manufacturing capacity of 12,000 MW, underscoring its significant presence with approximately 90% of its total capacity enlisted under ALMM.

Moreover, industry giants such as Adani Solar, ReNew, Tata Power Solar, and others, each boasting capacities exceeding 1 GW, contribute a staggering 31,395 MW or 76% of the total cumulative module manufacturing capacity under ALMM.

However, the expansion comes with adjustments as well, with a total of 465 MW capacity being removed from ALMM.

The ALMM also maintains its commitment to innovation, with the highest capacity module listed at 655 Wp, pushing the boundaries of solar technology.

This update follows the recent implementation of the ALMM regulation by the Ministry starting from April 1, 2024. Notably, for projects facing delays due to unforeseen circumstances beyond the control of developers, the ministry has assured separate examination to ensure fairness.

In a broader context, Mercom India Research's State of Solar PV Manufacturing in India 2024 Report highlights India's remarkable progress in solar energy. As of December 2023, the country's cumulative solar module manufacturing capacity reached 64.5 GW, with solar cell manufacturing capacity reaching 5.8 GW. The report forecasts a promising trajectory, projecting module manufacturing capacity to exceed 150 GW and cell capacity to reach over 75 GW by 2026, underscoring India's commitment to sustainable energy solutions.

This expansion of the ALMM signals a positive step towards achieving India's ambitious renewable energy targets and fostering a vibrant solar energy ecosystem.

The Ministry of New and Renewable Energy (MNRE) has taken significant strides in bolstering India's solar energy sector by expanding the Approved List of Models and Manufacturers (ALMM), adding a substantial 4,104 MW of new solar module capacity. This move elevates the cumulative module manufacturing capacity under ALMM to an impressive 41,333 MW. Premier Energies emerged as a major contributor to the expanded capacity, accounting for 1,320 MW, closely followed by Grew Energy with 1,150 MW. Other notable additions include ReNew (856 MW), Swelect HHV Solar Photovoltaics (474 MW), and several others. Grew Energy, Solberry Energy, AG Solar Urja Udyog, and Total Solar Technologies stand out as the new entrants to ALMM, reflecting the sector's dynamism and growing competition. Waaree Energies, a prominent player in the solar industry, has secured an enlisted capacity of 10,775 MW out of its total manufacturing capacity of 12,000 MW, underscoring its significant presence with approximately 90% of its total capacity enlisted under ALMM. Moreover, industry giants such as Adani Solar, ReNew, Tata Power Solar, and others, each boasting capacities exceeding 1 GW, contribute a staggering 31,395 MW or 76% of the total cumulative module manufacturing capacity under ALMM. However, the expansion comes with adjustments as well, with a total of 465 MW capacity being removed from ALMM. The ALMM also maintains its commitment to innovation, with the highest capacity module listed at 655 Wp, pushing the boundaries of solar technology. This update follows the recent implementation of the ALMM regulation by the Ministry starting from April 1, 2024. Notably, for projects facing delays due to unforeseen circumstances beyond the control of developers, the ministry has assured separate examination to ensure fairness. In a broader context, Mercom India Research's State of Solar PV Manufacturing in India 2024 Report highlights India's remarkable progress in solar energy. As of December 2023, the country's cumulative solar module manufacturing capacity reached 64.5 GW, with solar cell manufacturing capacity reaching 5.8 GW. The report forecasts a promising trajectory, projecting module manufacturing capacity to exceed 150 GW and cell capacity to reach over 75 GW by 2026, underscoring India's commitment to sustainable energy solutions. This expansion of the ALMM signals a positive step towards achieving India's ambitious renewable energy targets and fostering a vibrant solar energy ecosystem.

Next Story
Infrastructure Urban

Shoals' Q3 2024 revenue falls 23.9% due to project delays, supply chain

Shoals Technologies Group, a U.S.-headquartered manufacturer of electrical balance of systems (EBOS) for solar, energy storage, and e-mobility, reported a 23.9% year-over-year (YoY) decline in revenue, which dropped to $102.2 million in the third quarter (Q3) of 2024. This decline was mainly attributed to project delays and supply chain disruptions. The company posted a net loss of $300,000, a significant improvement compared to the $9.8 million net loss in Q3 2023. Adjusted net income was reported at $13.9 million, reflecting a 58.2% YoY decrease. Adjusted EBITDA stood at $24.5 million, a 4..

Next Story
Infrastructure Energy

FTC Solar sees 67% YoY decline in Q3 revenue from lower volumes

FTC Solar, a U.S.-based provider of solar tracker systems, reported a revenue of $10.14 million in the third quarter (Q3) of 2024, surpassing analyst expectations by $240,680. However, this figure marked a 66.8% year-over-year (YoY) decline compared to the same quarter in 2023, primarily attributed to reduced product volumes. The decline in solar tracker revenue was mainly due to an 82% decrease in the amount of MW produced, which was negatively impacted by delays in customer projects. This was partially offset by an increase in the average selling price (ASP), which led to better pricing an..

Next Story
Infrastructure Urban

Dilip Buildcon wins bid for BharatNet Phase III broadband project

Dilip Buildcon announced on Tuesday, November 12, that its STL-DBL consortium had submitted the lowest bid for BSNL's BharatNet Phase III broadband connectivity project. The USOF-funded project, which aims to provide middle and last-mile connectivity in Jammu Kashmir and Ladakh, is valued at Rs.1,625.36 Crore. Dilip Buildcon holds a 70.23% stake in the implementation of the project. The project is expected to be completed in three years, and the corporation will secure a 10-year maintenance contract. In recent days, BSNL has awarded several contracts for the BharatNet project. On Monday, No..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000