$WAAREEENER

Waaree Energies and Emmvee Photovoltaic Power traded higher on Tuesday after the government clarified that there would be no blanket extension of the Approved List of Models and Manufacturers (ALMM) List-II deadline beyond June 1, 2026. On the NSE, Waaree Energies gained 3.56 percent to ₹3,090.50, while Emmvee Photovoltaic Power advanced 1.89 percent to ₹295.75 during afternoon trade. In a statement released on Monday, the Ministry of New and Renewable Energy said it had decided against granting any blanket extension for the implementation of ALMM List-II norms for solar PV cells beyond June 1, 2026. The ministry added that the decision was taken after reviewing stakeholder representations and conducting broader industry consultations. Under existing regulations, net-metering and open-access projects commissioned before June 1, 2026 are exempt from ALMM List-II requirements related to solar PV cells. However, projects commissioned after the deadline will be required to comply with the new provisions.