Nanjing First Energy Co. Ltd, Plot No. 427 , Chilla Village , Mayur Vihar Extension , New Delhi, Delhi (2026)

17/04/2024

MNRE releases draft guidelines for residential rooftop solar subsidy scheme !!

The Ministry of New and Renewable Energy has released the draft guidelines for PM Surya Ghar: Muft Bijli Yojana which is aimed at installing rooftop solar plants in one crore (10 million) households with subsidy support from the central government

The scheme has an outlay of INR 75,021 crore and is to be implemented till March 31, 2027. Out of this, the central financial assistance (CFA) component for residential households amount to INR 65,700 crore.

“The guidelines will be applicable for all applications received on the National Portal from the date of the launch of the scheme, i.e., Feb. 2024. The existing scheme of Phase II Grid Connective Rooftop Solar Programme having a budgetary outlay of INR 11,814 crore till 2025-26 shall be continued till the notification of the new scheme and get subsumed in the new scheme after such notification,” stated MNRE.

The CFA component of the scheme will be implemented through the National Portal for PM – Surya Ghar. Vendors will register on the National Portal and upload their details, including system offerings, price points, system design and specifications. The beneficiaries will apply on the National Portal and will get a unique application ID. They will select the vendor for their rooftop solar installation assisted by various decision-making tools on the Portal. The beneficiary and the vendor will mutually decide the rates, system specifications, customization of design as per location, value-added services, etc, subject to the minimum technical specifications mandated under the scheme.

To ensure that the customers are not overcharged, the MNRE will publish benchmark prices of solar modules, inverters, and other important equipment on the portal every year.

Once the designated vendor installs the RTS system after due approvals, the concerned distribution utility (Discom) will conduct a physical inspection, sign the necessary agreements with the beneficiary (net meter agreement or otherwise), conduct a checklist-based inspection and approve the Discom report. The scheme will establish minimum technical specifications required for rooftop solar to be considered eligible for the CFA. The CFA will be transferred to the concerned account of the beneficiary.

For the purpose of CFA, the residential RTS plant would be a grid-connected solar power system tagged to a particular residential power connection of the local Discom and will only include installations on a roof/terrace/balcony/elevated structures.

Solar modules used in the installation must satisfy the Domestic Content Requirement condition. That is, the modules must be domestically manufactured from domestically manufactured cells to be eligible for the CFA.

The CFA shall be irrespective of the size of the inverter installed. If a consumer installs a rooftop solar plant with a higher/lower rated inverter capacity than the number of modules, the CFA will be provided as per the rated DC capacity of the module system and not as per the inverter capacity.

The benchmark cost for a 1 kW system is fixed at INR 50,000/kW for the first 2 kW of RTS capacity and INR 45,000 for the additional kW with effect from Feb. 13, 2024. The benchmark for special category States or union territories (Uttarakhand, Himachal Pradesh, J&K, Ladakh, States in the North East including Sikkim, Andaman and Nicobar and Lakshadweep) will be INR 55,000 for first 2 kW of RTS capacity and INR 49,500 for the additional kW of RTS capacity.

The State/UT governments may supplement the CFA provided by the central government for the residential sector with an additional subsidy for RTS; however, this shall be subject to adherence to all scheme guidelines by the State.

11/04/2024

https://www.linkedin.com/posts/first-energy-co-ltd_updated-list-i-under-almm-order-for-solar-activity-7184086616955654144-nkVW?utm_source=share&utm_medium=member_desktop

11/04/2024

May the spirit of Eid fill your home with happiness, your heart with love, and your life with peace. !!

10/04/2024

Ban on solar panel imports to help local mfg but increase panel prices
!!

The Centre’s decision to close the door on imports of solar panels from April 2024 has pitted renewable energy project developers against equipment manufacturers.

While developers said that panel costs of projects would go up by 6-8% immediately, their larger concern is a possible monopoly that might take root raising project costs to unviable levels.

On the other hand, manufacturers backed the govt, as the move is expected to increase demand for domestically made panels

In March 2023, the Centre had deferred by a year until March 31, 2024, its decision to make it mandatory for developers to buy panels only from a list of domestic manufacturers approved by it to curb imports and encourage local manufacturing.

However, developers said that the govt should have implemented ALMM in phased manner to avoid disruptions in the market

Sunil Bansal, president of Rajasthan Solar Association said, “The mandatory domestic content requirement will raise prices of the modules. Developers who have bagged projects through competitive bidding will find it difficult to absorb the additional cost of modules

Bansal said if solar module manufacturing does not achieve economies of scale, which generally reduces product cost, the sector is likely to witness monopoly in pricing. It will impact many price-sensitive segments like rooftop and irrigation projects.

Some in the solar industry in the state said though initially the ban will have an upward impact on prices, the cost will come down in the longer run. Importantly, India will be able to develop a strong solar equipment manufacturing industry.

09/04/2024

On the occasion of Navratri !!

We wish that Maa Durga take away all your problems and shower you with her choicest blessings for a wonderful year ahead.

Happy Navaratri from Team Nanjing First Energy Co. Ltd

08/04/2024

Solar Open Access Developers Fear Higher Module Prices After ALMM Reimposition !!

The recent reimposition of the Approved List of Models and Manufacturers (ALMM) regulation has surprised industry stakeholders as the government withdrew exemptions for open access and unsubsidized rooftop solar projects

The initial reimposition order in February was put in abeyance by the Ministry of New and Renewable Energy (MNRE) just days after it was notified

The ALMM regulation, effective April 1, 2024, is now being reimposed in its original form from October 2022

Solar open access project developers fear that module prices would rise without competition, affecting project costs and higher power tariffs in auctions

With the ALMM regulation back in its entirety, only modules from the list can be used in the projects. The list still does not feature any international players or modules, which developers fear might lead to a price monopoly in the market in the absence of any competition.

ALMM was originally introduced to ensure that the quality of the imported or manufactured products in India meets a certain standard. It has become more of an artificial trade and technological barrier,”

The recent ALMM update saw an addition of 3.5 GW of new capacity solar modules, taking the cumulative figure to 37.42 GW

Until recently, there was at least a threat of competition, so local manufacturers had to price their modules at competitive prices. We have always seen that if Chinese modules are priced at X, Indian modules will always be X plus one cent. There is no benchmark pricing in place, which will lead to a price monopoly in the market if left unchecked,” the industry insider said

Developers Want Export Restrictions

They have clearly said that the earlier price will no longer apply but will go up. The domestic manufacturers can easily say that the Chinese have increased cell prices and that they have no option to increase module prices.”

When the government decided to suspend the ALMM regulation for a year last year, it cited the low annual production capacity of high-rated (500Wp+) modules as the primary reason

The capacity of modules rated at 500Wp+ continues to be low in the latest ALMM update.

The country’s cumulative solar module manufacturing capacity reached 64.5 GW at the end of December 2023. Yet, only 37.42 GW is listed in the ALMM

The industry insider said the government cannot support highgrowth industries in adopting affordable and sustainable green power solutions unless it directs domestic module manufacturers to supply within India first and then export the excess quantity only

Developers have often raised concerns about domestic manufacturers choosing exports for better returns rather than meeting local demand.

The solar open access developer called for export restrictions on solar modules from India, mandating that they prioritize local demand against exports.

06/04/2024

Day 2 Solarex Istanbul Got Tremendous response !!

Interaction with top Notch leaders in Solar Industry !!

04/04/2024

Hidden Truths of Indian Solar Industry !!

Checkout full video !!

In This Video we would take you to the journey of solar panels how they were being made earlier and after the new Import Duty on solar panels import from china how the things have changed, and the new ways in which china has started importing solar panels in India with this we would also discuss the reality of Indian Made solar panels and even after being made in India Using Chinese technology why Indian made solar Cells are always in shortage and More expensive to consumer.

Who to blame for this uneven pricing and even after the Govt financial support to Industries in establishing solar panels manufacturing Facilities from the TAX paid to the Govt why these Industries are Keen on Exporting the solar panels when there is Huge Market in India and then due to lack of availability selling the same solar cell In India at a higher price then Imported Solar cells from china, The secrets which we would uncover in this video would shock you, and how as always Indian Consumers are being tricked to pay Higher price

02/04/2024

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02/04/2024

We Wish you financial growth and success in the New Financial Year 2024-25. !!

Happy New Financial Year to everyone !!

Regards
Nanjing First Energy Co. Ltd

01/04/2024

ALMM To Rule Solar From April 1, 2024 in India !!

Putting to rest any doubts over the future of sourcing for key solar projects, the Ministry of New and Renewable Energy ( MNRE ) has confirmed the deadline of March 31 for ending all ALMM related exemptions for developers

That means, from April 1, developers, including those involved with open access projects and even unsubsidised rooftop projects. The only exemption, on a case to case basis, will be for projects where modules have been received at the project side on or before March 31.

This final notification for the financial year puts at rest perhaps the most contentious issue the government has had to deal with when it comes to the solar sector. The big decision to make was the call between domestic manufacturers and developers, with the latter insisting that domestic capacity was not enough to meet requirements. India has a 90 GW plus pipeline of approved and planned projects as on date

But with developers taking full advantage of the exemption provided last year, to import modules till March this year, the government has finally decided that existing inventory at hand, and upcoming capacity additions in the country will be enough to serve domestic demand. Fresh capacity additions coming up include those from Reliance New Energy, besides a slew of other manufacturers, especially in Gujarat

With this final note, the government has gone well beyond the last ALMM conditions, by adding even Open Access projects and household rooftop projects without subsidies to the list of projects that will need to comply with ALMM/DCR requirements. In doing this, it has pretty much negated its February notification, that was subsequently withdrawn, completely

After 3 years of jockeying, it does seem that this battle has finally been settled in favour of domestic manufacturers. For how long, no one really knows, as we have seen in the past two years

Consequences will mean a sharp fall in imports from China, besides a tougher enforcement regime to verify the origins of cells used in module manufacturing. Cell manufacturing has lagged sharply behind module manufacturing in India, and experts are still skeptical about India being well covered on that aspect of the supply chain for some time to come.

30/03/2024

ALMM Reimposed from April, No Exemptions for Open Access Solar Projects !!

The Ministry of New and Renewable Energy (MNRE) has notified the implementation of the Approved List of Models and Manufacturers (ALMM) regulation effective April 1, 2024. The new notification, however, eliminates the exemptions for projects under open access and rooftop solar by private parties, announced in the February order

While MNRE did not provide any clarifications on the exemptions, it mentioned that the ALMM order 2019, which was held in abeyance for a year, i.e., the financial year 2023-24, will come into effect on April 1, 2024.

The removal of open access and unsubsidized rooftop solar projects from exemption comes as a surprise for most industry For projects where the solar modules have been received at the project site by March 31, 2024, and are not able to be commissioned by that day due to reasons beyond the control of the project developer, the ministry will examine it separately

The ministry first issued the ALMM reimposition order in February 2024, with exemptions announced for projects in advanced stages, open access/captive projects, and non-subsidized rooftop solar projects

The order was later kept in abeyance following questions from stakeholders on the ambiguity around the definition of ‘advanced stages of construction,’ the phrase used by the MNRE in the notification reviving the ALMM mandate.

The MNRE recently added 3,501 MW of new solar module capacity in the ALMM, increasing the cumulative module manufacturing capacity in the list to 37,421 MW. With the latest addition, ALMM now has 81 module manufacturers

The country’s cumulative solar module manufacturing capacity reached 64.5 GW, and solar cell manufacturing capacity reached 5.8 GW as of December 2023.

The report forecasts module manufacturing capacity to exceed 150 GW and cell capacity to reach over 75 GW by 2026

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