Daily News Wrap-Up: Leading Solar Inverter Suppliers in 2023

MNRE clarifies applicability of ALMM order for solar projects

May 22, 2024

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Sungrow Power Supply (Sungrow), FIMER India (ABB), Sineng Electric, TBEA Energy India, and Ginlong (Solis) Technologies were the leading inverter suppliers in India for the calendar year (CY) 2023, according to Mercom’s recently released India Solar Market Leaderboard 2024. Sungrow was the top solar inverter supplier in CY 2023, garnering a 32% market share. FIMER India and Sineng Electric followed with 17% and 16%, respectively. TBEA Energy India and Ginlong (Solis) Technologies ranked fourth and fifth, accounting for 12% and 5% of the total market share, respectively.

The Ministry of New and Renewable Energy (MNRE) has clarified the applicability of the Approved Models and Manufacturers of Solar Photovoltaic Modules (Requirements for Compulsory Registration) Order, 2019, to solar projects. According to MNRE’s Office Memorandum on March 10, 2021, the ALMM mandate applies to projects with bid submissions completed 30 days after the list’s publication date. Specifically, the ALMM Order for List I (Modules) became effective for bids with submission deadlines on or after April 10, 2021.

The Central Electricity Regulatory Commission has approved the procedure for scheduling, metering, accounting, and settlement submitted by the National Load Despatch Centre for a 150 MW/300 MWh standalone inter-state transmission system-connected Battery Energy Storage System (BESS) pilot project at 400/220 kV Fatehgarh-III substation in Rajasthan. This project is part of a larger 500 MW/1000 MWh standalone BESS pilot project. The project, set up under tariff-based global competitive bidding, was awarded to JSW Renew Energy Five by the Solar Energy Corporation of India.

Copper mining may be unable to keep pace with soaring demand for the metal that anchors the transition to electric vehicles and renewable energy sources, warns a report from the International Energy Forum. Under a baseline business-as-usual scenario, the world will need to mine 905 million tons of copper between 2018 and 2050 – 115% more than the 757 million tons mined before 2018. Meanwhile, electrifying the global fleet of vehicles would require a 55% increase in new mine output compared to baseline trends. This equates to bringing 54 major new copper mines into production by 2050, requiring an unprecedented 1.7 new mines to open annually over the next decade.

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