Solar Module Capacity under ALMM Rises to 63,027 MW

30 Dec 2024 CW Team

The Ministry of New and Renewable Energy (MNRE) has updated the Approved List of Models and Manufacturers (ALMM) for solar photovoltaic modules, bringing the total cumulative module manufacturing capacity to 63,027 MW. Australian Premium Solar has increased its listed capacity by 262 MW.

Additionally, Redren Energy (400 MW), Mundra Solar Energy (Adani) (2,125 MW), Icon Solar En Power Technologies (600 MW), FS Green Energies (572 MW), and ADM Solar Power & Infrastructure (580 MW) have been added to the provisional ALMM list, together contributing an applied capacity of 4,277 MW per year. There have been no other additions to the list.

In October, the MNRE expanded the ALMM by adding 2,079 MW of solar module capacity. The ministry also issued a draft amendment to the ALMM Order, bringing solar cells under its scope, with the mandate set to be operational by June 2026.

Earlier this year, MNRE revised the inspection and enlistment guidelines for provisionally listed manufacturers, requiring final enlistment within two months of application. The ALMM ensures that all listed modules comply with the Bureau of Indian Standards and meet minimum efficiency criteria.

Silicon-based utility-scale modules must have at least 20% efficiency, while cadmium telluride thin-film modules must reach a minimum of 19% efficiency. According to Mercom’s State of Solar PV Manufacturing in India 1H 2024 Report, India added 11.3 GW of solar module and 2 GW of cell manufacturing capacity in the first half of 2024.

These capacity additions were driven by the reinstatement of the ALMM mandate in April and the country’s strong solar project pipeline of 132.7 GW planned between 2024 and 2026.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..