As India’s new ALMM (Approved List of Module Manufacturers) regime took effect on April 1, it was time for many Chinese suppliers, who enjoyed a rush of orders from India till as late as February 2024, to evaluate future plans for the country. Module sales are likely to slump now, with almost all projects covered under the ALMM regime, which has steadfastly avoided including any foreign, forget Chinese module manufacturer so far. China-based solar Firms that had announced major orders as recently as January have rushed to deliver them to customers who will now need to prove that the modules…
Author: Prasanna
The IRA, or the Inflation Reduction Act in the United States, ever since it came into force in August 2022, has been unfolding the kind of impact that has never been seen yet in the clean energy industry. Even as most provisions in the IRA became effective by Jan 2023, the biggest part of the act, the $783 billion in subsidies and other financial support for clean energy and related sectors has disrupted the market like nothing else before. Perhaps the single-minded focus of the Chinese government in the early 2010s, when they decided to ensure they would dominate the…