List of solar energy enterprises approved by the Ministry of Industry and Information Technology

Who are the major solar companies in India?

The first ALMM list, released in March, included major players such as Waaree (2,000 MW), Adani’s Mundra Solar (1,100 MW), Vikram Solar’s West Bengal unit (1,050 MW), RenewSys India (750 MW), Emmvee Photovoltaic (500 MW), Goldi Solar (500 MW), Premier Energies (482 MW) and Tata Power Solar (300 MW).

Why is the reliability of a solar energy producer important?

The reliability of producer is essential to protect the consumer interests and ensure larger energy security of the Country. Accordingly, the Ministry of New and Renewable Energy (MNRE) issued “Approved Models and Manufacturers of Solar Photovoltaic Modules (Requirement for Compulsory Registration) Order, 2019” on 02.01.2019.

Will COP26 mandate a solar project to use almm-listed equipment?

The government had earlier mandated that all solar projects bid out after April 10 under central government schemes will have to use equipment from ALMM-listed entities. As per the recent COP26 announcements, the country has set a target to install 500 gigawatt (GW) of renewable energy capacity by 2030 and much of it is to come from solar plants.

What is almm list for solar PV cells?

The ALMM Order states that ALMM shall consist of LIST-I, specifying models and manufacturers of Solar PV Modules and LIST-II, specifying models and manufacturers of Solar PV Cells. First ALMM List for solar PV modules was issued on 10.03.2021. ALMM List for solar PV cells has not yet been issued.

Will solar projects be able to bid out after April 10?

The government had earlier mandated that all solar projects bid out after April 10 under central government schemes will have to use equipment from ALMM-listed entities. The list currently includes only module-makers with manufacturing base in the country.

How much BCD will be imposed on solar equipment imports in FY23?

From the beginning of FY23, solar module and cell imports will attract a BCD of 40% and 25%, respectively. To discourage imports, a 25% safeguard duty on solar equipment import from China, Malaysia and other developed countries was imposed in July 2018. The duty, as per the plan, gradually came down to 15% till the end of its regime on July 31.