Waaree Energies, Emmvee PV, Premier Energies shares climb as govt says no blanket extension of ALMM List-II for solar PV cells beyond Jun 1

Shares of Waaree Energies, Emmvee Photovoltaic Power and Premier Energies rose on Tuesday, May 26, after the government said it has decided that no blanket extension of the deadline for applicability of the Approved List of Models and Manufacturers (ALMM) List-II for solar PV cells beyond June 1, 2026, is required.

The stock of Waaree Energies was trading 3.78% higher at ₹3,097 apiece on the National Stock Exchange (NSE) at 9:32 am.

Emmvee Photovoltaic Power scrip was up 2.4% to ₹297.35 per unit on the NSE.

Premier Energies shares were trading at ₹1,007, reflecting an increase of 2.23%.

The renewable energy ministry took the decision after detailed examination of representations received from stakeholders and wider consultations held with the industry.

Under the existing framework for ALMM List-II for solar PV cells, net metering projects and open access projects commissioned prior to June 1, 2026, are exempt from the applicability of ALMM List-II for solar PV cells.

Projects commissioned after this date will need to comply with the ALMM List-II provisions.

The Ministry of New and Renewable Energy (MNRE) had received several representations regarding the timeline of June 1, with some stakeholders seeking an extension of the deadline, while others opposed it.

During the review process, it also considered the office memorandum dated April 29, 2026, issued by Finance Ministry's Department of Expenditure, which, inter alia, advised treatment of the ongoing West Asia situation as war and suggested that time extension for a period of not less than two months and not more than four months may be considered on the basis of specific situations and not through a blanket policy.

After detailed examination of the representations received and wider stakeholder consultations, it has been decided that no blanket extension of the deadline for applicability of ALMM List-II for solar PV cells beyond June 1, 2026, is required to be provided, it stated.

However, in order to protect investments already made in the larger public interest, certain net-metering, open access and renewable energy power projects will be considered for appropriate time extension on a case-by-case basis.