India exempts some solar projects from domestic content requirements



India’s Ministry of New and Renewable Energy (MNRE) has exempted solar energy projects from domestic content requirements if commissioned by March 31, 2024. According to the Classification Society of India, the move will provide flexibility to developers to procure modules at a more competitive price. ICRA.

India’s MNRE says solar projects commissioned by March 31, 2024 need not source PV modules from the Approved Models and Manufacturers (ALMM) list.

The cost of imported modules remains competitive compared to panels sourced from domestic manufacturers that use imported solar cells. PRice for simple PERC modules has declined over the past five to six months, with a peak in December 2022, ICRA says.

India’s domestic module manufacturing capacity has grown significantly over the past two years. While this is positive for the solar power sector, the lack of backward integration and limited cell manufacturing capacity keep module manufacturers dependent on imported solar cells.

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David is a passionate writer and researcher who specializes in solar energy. He has a strong background in engineering and environmental science, which gives him a deep understanding of the science behind solar power and its benefits. David writes about the latest developments in solar technology and provides practical advice for homeowners and businesses who are interested in switching to solar.

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