Solar Industry Updates
Know the latest news, reports, insights and trends from the Indian solar industry
Indian Govt. Allocates 39,600 MW Solar Module Manufacturing Capacity Under PLI Tranche II
Highlights: Govt. has awarded 39.6 GW module manufacturing capacity to 11 companies under second tranche of the PLI scheme The tranche II of the scheme is expected to bring in investments worth ₹93,041 crore. The government
India’s Solar Energy Capacity Reached 64.38 GW by Feb-end 2023
Highlights: The nation’s renewable energy capacity reached 168.96 GW, with solar accounting for 38% of this capacity About 52 GW of solar capacity remains under the implementation stage. As of February-end 2023, India’s cumulative installed renewable
Madhya Pradesh to Turn Sanchi into World’s First Net Zero City
Highlights: The Principal Secretary of MP’s department of energy shared that the state plans to turn Sanchi into a net zero city MP has also identified 3 potential water bodies to set up floating solar projects of a total
Indian Airports to Meet 100% Electricity Demand Through Green Energy by 2024
Highlights: AAI sets a 100% green energy by 2024 target for all operational airports Renewable energy accounts for 35% of AAI electricity demand currently The Airport Authority of India (AAI) has given a target to all
SJVN to Set Up 200 MW Solar Power Project in Maharashtra
Highlights: SJVN’s subsidiary to set up a 200 MW solar project in Maharashtra at a cost of ₹1000 crores The solar plant will generate over 10,000 MU of energy in 25 years SJVN has bagged a
India to Set Up Ultra Mega Solar Parks of 40GW Capacity by March 2024
Highlights: Lok Sabha MP announces the Indian government has approved 57 solar parks in 13 states The projects, with a total generation capacity of 40GW, are expected to be completed by 2024. Lok Sabha MP, Jagdambika
Assam Govt. Approves 690 MW of Solar Energy Projects
Highlights: Several solar projects were approved in a cabinet meeting chaired by Assam Chief Minister The projects would be funded in a debt-equity ratio of 80:20 In a cabinet meeting chaired by Assam Chief Minister, Hemanta
Indian Govt. Relaxes ALMM for Solar Projects Commissioned till 31st March 2024
Highlights: ALMM relaxed for 1 financial year. The move will speed up the implementation of solar projects in the pipeline and help India meet the target of achieving 280 GW capacity by 2030. The Indian government has
Bihar Plans to Turn Bodh Gaya, Rajgir, and Vaishali into Solar Cities from 2024
Highlights:Bihar government to power 3 tourist spots and all government buildings with solar energy from 202415 lakh solar lights to be installed at different panchayats of Bihar Bodh Gaya, Vaishali, and Rajgir, along with all Patna government
RRTS to Meet 70% of its Energy Requirement Through Solar Energy
Highlights: NCRTC plans to source a major portion of the Delhi-Meerut RRTS corridor’s energy requirement through solar energy The project is expected to generate carbon credits due to reduction in pollution and fuel savings National Capital