Schedule a Call Back
Centre to expand ALMM to solar cells
Industry News- Sep 06,24
Currently, the ALMM only covers solar modules, limiting government-supported projects to modules made in India.
The Ministry of New and Renewable Energy is set to bring solar cell imports under the Approved List of Modules and Manufacturers (ALMM) in a move aimed at reducing dependency on Chinese supplies and bolstering domestic production. Union Minister for New and Renewable Energy, Pralhad Joshi, confirmed that a decision on the proposal is expected shortly.
Currently, the ALMM only covers solar modules, limiting government-supported projects to modules made in India. Introduced in 2021, the ALMM framework was suspended until FY24 to address concerns about insufficient module supply, but it was reinstated in April 2024 with a capacity of 54 GW. Including solar cells in the ALMM would significantly boost domestic manufacturing as India aims to lead in clean energy production.
India has ambitious renewable energy targets, including 500 GW of installed non-fossil fuel power generation capacity by 2030, with 292 GW coming from solar. Currently, India’s solar cell manufacturing capacity exceeds 6 GW, and expansion is seen as crucial to meet increasing demand and reduce reliance on imports.
To support domestic solar manufacturing, the government has imposed high import duties on modules and cells and introduced Production Linked Incentive (PLI) schemes. These efforts aim to attract investment, build manufacturing capacity, and promote exports.
At the POWERGEN India 2024 event, Minister Joshi highlighted India’s renewable energy progress, noting that installed capacity has grown from 75.52 GW in 2014 to 203 GW in 2024—a 165% increase. He also invited global investors to explore opportunities in India’s renewable energy and green hydrogen sectors.
Joshi further emphasised India’s commitment to accelerating renewable energy projects, including a Rs 74.53 billion investment in 1,000 MW of offshore wind energy, as the country works toward achieving its net-zero emissions target by 2070.
(ET)
Related Stories
Electrical & Electronics
Renewable energy sector to generate 43 mn jobs in India by 2050: CMD, IREDA
While delivering the Visionary Talk hosted by the 39th Indian Engineering Congress at Kolkata on December 20, 2024, Pradip Kumar Das spoke about the critical need for talent to drive the renewable e..
Read moreElectrical & Electronics
India's solar equipment sector set for Rs 1 trillion investment: CareEdge
To protect and empower domestic manufacturers, the Indian government has implemented a Basic Customs Duty of 25% on solar cells and 40% on modules imported from China since April 2022.
Read moreElectrical & Electronics
Waaree Energies wins 1 GW solar module order
Waaree's Topcon 580Wp Bifacial Glass modules are engineered for durability and performance, allowing for enhanced energy generation and reduced environmental impact.
Read moreRelated Products
78 Series Din Rail Terminal Blocks
ELECTRICAL & ELECTRONIC EQUIPMENT
Werner Electric Private Limited offers a wide range of 78 series din rail terminal blocks.
Mig Welding Torches
ELECTRICAL & ELECTRONIC EQUIPMENT
ATE Welding Engineering Robotics & Automation offers MIG welding torches. Read more
Puma Lift Electric Stacker
ELECTRICAL & ELECTRONIC EQUIPMENT
Puma Lift Trucks Pvt Ltd offers a wide range of puma lift
electric stacker.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
