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Daily News Wrap-Up: ALMM Reimposed from April 1, 2024

IREDA approves ₹242 billion borrowing program for FY 2024-25

April 1, 2024

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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.

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