There will be a big change in India’s solar policy from the beginning of the new financial year. The government of India has decided to re-impose a ban on the import of Sola modules, effective April 1, 2024.
The Ban Was Imposed For The First Time in 2021
The government gave information about this on Friday. The government said that restrictions will be imposed again on the import of solar modules from April 1. Its objective is to promote the manufacturing of solar modules at the domestic level. The government first imposed restrictions on the import of solar modules in the year 2021.
This Exemption Was Given Later
After the restrictions imposed in 2021, solar project developers were asked to purchase solar modules only from the entities included in the approved list of non-tariff barriers. Later, the government relaxed in this. For 2023-24, the exemption to purchase solar modules from outside the Approved List of Models and Manufacturers (ALMM) was also given to projects commissioned before March 31, 2024.
The Government Hopes That
Now, the government is ending the exemptions and imposing restrictions again. The government believes that domestic manufacturers of solar modules need support. Earlier in February, the government said that ALMM restrictions would be re-imposed on April 1. Only open access and captive consumption projects will be exempted from these restrictions.
Currently, The Domestic Capacity Is This Much
The Indian government is promoting solar energy production in the country. The government is giving many incentives for this. Recently, the government launched a new rooftop solar scheme, aiming to install solar panels on the roofs of 1 crore houses. According to data, India’s total solar module manufacturing capacity is 64.5 GW.
