October ALMM List- Waaree, Vikram Solar Add Co-Branding Agreements

Waaree Energies, Vikram Solar in Co-Branding Agreements Under ALMM

The MNRE has recently announced revisions to the ALMM List (Approved List of Models & Manufacturers). The list entails no surprises with Waaree Energies being enlisted for the highest capacity as usual at 2650 MW. Following next is Vikram Solar, enlisted for 1287 MW. Premier Energies has been enlisted for 1116 MW. Thus, Waaree Energies, Vikram Solar and Premier Energies are the top three firms enlisted for highest capacities.

Co-branding agreement

Notably, this time, Vikram Solar and Waaree Energies are also under Co-ALMM as per the Co-branding agreement with Tata Power Solar Systems Ltd. While Vikram Solar has entered into an agreement for 580 MW, Waaree Energies has joined hands for capacity worth 600 MW with Tata Power.

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The revision in the ALMM for co-branding was introduced in March, 2023 and refers to an arrangement between an OEM and a brand owner that share manufacturing facilities. As per the provision, if the applicant has multiple manufacturing sites or sourcing product from some other manufacturer and selling them under his or her brand name, all the manufacturing sites will be subject to inspection. However, the sites and product will be exempted from inspection in case an ALMM enlisted model is manufactured under co-branding agreement in an ALMM enlisted manufacturing facility of the OEM using the same manufacturing process and Bill of Materials. The exemption will also apply if an ALMM enlisted model of a manufacturer is under this agreement and bears the brand name of another ALMM enlisted manufacturer and has the same manufacturing process and Bill of Materials.

For co-branded products under ALMM, both the brand owner and OEM must be ALMM-enlisted.

Provisional ALMM

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Provisional ALMM has been granted to Credence Solar, Insolation Green Energy and Mundra Solar Energy. Credence Solar is already enlisted for 120 MW per year and the firm has applied for another 120 MW annually. While Insolation Green Energy is enlisted for 167 MW annually, it has applied for capacity worth 175 MW. Mundra Solar Energy, on the other hand, is eyeing massive capacities having applied for 2000 MW while being enlisted for 2036 MW per year.

As per the ALMM revision made in May, provisional enlistment in ALMM is granted within seven days of receipt of BIS registration and time-limit of two months for factory enlistment and final enlistment.