India’s Ministry of New & Renewable Power (MNRE) has exempted photo voltaic initiatives from indoor set up necessities if they’re commissioned by March 31, 2024. The transfer provides builders flexibility to supply modules in additional aggressive prices, in response to India’s score company. ICRA.

Picture: Gensol Engineering

From pv journal India

India’s MNRE says photo voltaic initiatives commissioned by March 31, 2024, not required supply PV modules from the listing of Accepted Fashions and Producers (ALMM).

Imported module prices stay aggressive in comparison with panels obtained from home producers utilizing imported photo voltaic PV cells. QCosts of mono PERC modules have moderated over the previous 5 to 6 months, falling from a peak in December 2022, ICRA stated.

India’s home module manufacturing capability has jumped considerably within the final two years. Whereas that is optimistic for the solar energy sector, the dearth of backward integration and restricted capability for cell manufacturing retains module producers depending on imported PV cells.

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