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
Jindal India Renewable Energy forays into BESS to achieve 5 GWh capacity by 2027
This announcement comes in the backdrop of Jindal India Renewable Energy (JIRE) aiming to generate 5 GW of power from solar, wind, hybrid and FDRE modes.
Read moreElectrical & Electronics
REC signs MoU with RE developers for Rs 1.12 trillion during 4th RE-INVEST
This will increase the share of Renewables from current 8% to 30% by 2030, as REC’s loan book is projected to be of Rs 10 trillion by 2030.
Read moreElectrical & Electronics
Gautam Solar to invest Rs 10 billion in 2 GW solar cell manufacturing facility
Gautam Solar has already acquired a 60-acre land parcel in Bhiwani, Haryana, for the purpose of manufacturing solar panels and their raw materials.
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
