Solar Industry Updates
Know the latest news, reports, insights and trends from the Indian solar industry
Over 1 Crore Households have Already Registered for Surya Ghar Muft Bijli Yojana
Highlights: More than 10 million households have already registered for the new rooftop solar scheme. PM Modi urged residents who have not registered to do so at the earliest to avail benefits. Prime Minister Narendra Modi
MNRE Mulls Plans to Install 15 GW of Rooftop Solar Capacity Over Govt., Commercial and Industrial Buildings
Highlights: Plans are underway to set up solar panels on government buildings, and commercial and Industrial (C&I) spaces by 2024-25 Eight PSUs have been given the responsibility of setting up solar panels on government buildings under the RESCO model
Indian Solar Sector Received $3.8 Billion FDI in Last Three Financial Years
Highlights: Minister Bhagwant Khuba revealed that both domestic and foreign investors are contributing to the development of solar plants in India The country’s solar sector has attracted $3.8 billion in FDI in the past three financial years alone.
India Installed a Record 1.7 GW of Solar Capacity in 2023
Highlights:India’s rooftop solar installations increased by 6.25% in 2023The residential segment accounted for more than 50% of the capacity additions India installed a record 1.7 GW of solar capacity in 2023, a 6.25% increase compared to the
PM Modi Inaugurates 200 MW Solar Projects, Lays Foundation Stone for 1.8 GW Solar Park Capacity in UP
Highlights: PM Modi inaugurated three solar projects and laid foundation stones for two solar parks in UP. All these are part of the ₹56,000 crore development projects the PM dedicated to the nation in Telangana. Indian
Maharashtra Planning to Solarize 3 Million Homes Under PM Surya Ghar Yojana
Highlights: MSEDCL aims to install rooftop solar plants in 3 million homes, under the new Surya ghar scheme The state government has defined region-wise solar targets and is ramping up consumer awareness efforts to achieve the goal.
SJVN Commissions 100 MW Raghanesda Solar Power Station in Gujarat
Highlights: SJVN’s renewable energy arm has developed a 100 MW solar power station at a cost of ₹642 crore in Gujarat The project will generate 252 million units of energy in the first year and a cumulative 5,805 million
Telangana Deputy CM Inaugurates a 10.5 MW Solar Power Plant in Kothagudem
Highlights: Telangana minister inaugurated a 10.5 MW solar plant in Kothagudem, developed by SCCL Built at a cost of ₹56 crore, the project is expected to generate 16 million units of clean electricity annually. Telangana’s Deputy
Indian Govt. Amends Electricity Rules; Makes it Easier for Consumers to Install Rooftop Solar Plants
Highlights: The Indian government has simplified the process of setting up rooftop solar plants under new amendments to Electricity rules. Exemption in technical feasibility study has been provided for systems of up to 10kW capacity. For systems over 10kW,
Global Solar Installations Might Touch 574 GW in 2024: Report
Highlights: A new report claims that new solar installations across the world might reach 574 GW in 2024 and 627 GW in 2025. The organization also revealed that global investment in the low-carbon energy transition surged 17% in 2023.