Renewable Energy Boost! Govt Extends ALMM-II Exemption for Net Metering & Open Access Projects Till Dec 2026 – Policy Unchanged

The Ministry of New and Renewable Energy (MNRE) has issued an Office Memorandum extending the exemption from ALMM List-II (Approved List of Models and Manufacturers for solar PV cells) compliance for net-metering and open access renewable energy projects. Projects commissioning by December 31, 2026, can continue using non-ALMM-II cells/modules. This provides a seven-month relief beyond the earlier May 31, 2026 deadline. The core ALMM-II policy mandating domestic solar cells for government-backed projects remains unchanged, aiming to promote local manufacturing while offering transitional support for specific segments. The extension offers much-needed flexibility to developers, reducing project costs through access to a wider range of (often cheaper) imported cells and modules. It accelerates deployment of rooftop, commercial & industrial (C&I), and open access solar projects, supporting India’s renewable targets. This boosts investor confidence, eases supply chain constraints, and encourages faster capacity addition in distributed renewable energy, benefiting the overall green energy ecosystem. This is expected to positively impact solar developers and EPC players like $TATAPOWER , $ADANIGREEN , $KPIGREEN , $BORORENEW , and $SUZLON by enabling faster project execution and better margins in the near term. Module manufacturers such as Waaree Energies, Vikram Solar, and Premier Energies may see mixed effects—short-term demand boost but continued import competition. Related stocks in the renewable space including Inox Wind, Orient Green Power, and RVNL could gain from increased activity