Solar Industry Updates

Highlights: The Finance Minister announced an INR 6,250 crore allocation for the PM Suryaghar Muft Bijli Yojana, the residential rooftop solar scheme, for 2024-25. The budget boosts solar cells & panels manufacturing by exempting basic customs duty (BCD) on

Highlights: The Asian Development Bank (ADB) has approved a USD 240.5 million loan to fund rooftop solar systems in India. The approved financing will be allocated to the State Bank of India (SBI) and the National Bank for Agriculture

Deputy CM Devendra Fadnavis informed the legislative council that Nagpur district accounts for nearly 15% of registrations state-wide under the PM Surya Ghar Muft Bijli Yojna. Nagpur district also represented 20% of the total rooftop installations under this government

Highlights: India's total solar capacity has reached 85,474 MW, and its wind capacity has grown to 46,656 MW. In the first six months of 2024, the country added 12,156 MW of new solar and 1,920 MW of new wind

Highlights: Damodar Valley Corporation envisions a total investment of Rs 50,000-60,000 crore by 2030 to enhance thermal, pump storage power plants, and solar energy. The corporation plans to install two pump storage facilities: a 1,500 MW facility in Logu

The Central Railway has installed a 10 MWp floating solar plant at Igatpuri Lake located in the Western Ghats, marking a pioneering initiative by the Indian Railways, senior officials said. This project highlights their commitment to renewable energy, integrating

Highlights: Chief Minister Sukhvinder Singh Sukhu inaugurated the 32 MW solar power project at Pekhubela, covering 49 hectares. The govt. has invited tenders for seven additional solar projects with a combined capacity of 72 MW through the HPPCL.

Highlights: MNRE's new guidelines allow consumers to opt for Building Integrated Photovoltaic (BIPV) in case of limited rooftop space. Special RTS installations such as BIPV systems shall also be considered eligible for CFA support. The Ministry of