Solar Industry Updates
Know the latest news, reports, insights and trends from the Indian solar industry
IOC’s Initiative: Allocating Rs 5,215 Crore to Build 1 GW Renewable Energy Capacity
Highlights: Indian Oil Corporation Ltd is gearing up to boost its commitment to RE by injecting more than Rs. 1,303 crores into its green energy subsidiary. This investment aims to establish 1 GW solar and wind capacity at Rs.
ISA and Bhutan Forge Alliance to Boost Solar Initiatives
Highlights: The ISA and Bhutan's Department of Energy and Ministry of Energy & Natural Resources have forged a Country Partnership Agreement (CPA) to pave the path towards a sustainable and resilient energy future for Bhutan. In 2022, the Asian
Clean Energy Drive: Apple’s Solar Investment in India
Highlights:Apple to invest in six rooftop solar projects to power its India operations.The solar project, boasting a total capacity of 14.4 megawatts, will provide a local solution to power the company’s offices and the two retail stores in Mumbai and New Delhi.
India’s Renewable Energy Capacity Grows 18 GW in FY24
Highlights: Solar energy takes the lead in the RE sector, with a total installed capacity of 81.81 GW, followed by wind energy at around 46 GW. In FY 2023-24, India's renewable energy capacity reached 18.48 GW, a 21% increase
There is a Right to be Free from the Adverse Effects of Climate Change: Supreme Court
Highlights: Climate change impacts the constitutional guarantee of right to life, the Supreme Court said in a recent judgment. The court highlighted the urgency for India to transition to sustainable energy sources like solar power, not only to replace
NTPC Sets Ambitious Goal: Adding 5GW Capacity by FY’25
Highlights: In FY24, NTPC successfully added 3,924 MW of new capacity to its portfolio, bringing its cumulative installed capacity to nearly 76 GW. By 2032, NTPC plans to boost its non-fossil fuel capacity to 45-50% of its portfolio.
India is Planning to Launch a Digital Platform to Verify the Origin of Solar Modules
Highlights: The Government of India is planning to introduce an online platform with unique IDs to track made-in-India solar modules. The prototype of the software has been developed and the portal is set to be launched in 2 months.
Bengaluru’s Chinnaswamy Stadium Goes Solar for IPL Season
Highlights: The Karnataka State Cricket Association (KSCA) commissioned a 400-KW solar plant at M Chinnaswamy Stadium, a cricket stadium in Bengaluru. It is the world's only solar-powered cricket ground. The Karnataka State Cricket Association (KSCA) commissioned
India Reinstates Restrictions on Importing Solar Modules from April 1, 2024
Highlights: MNRE confirmed the deadline of March 31 for ending all ALMM-related exemptions for solar project developers in a one-page office memorandum. Domestic manufacturing capacities are projected to grow significantly by 2026. The Indian government has reintroduced the
MNRE Expands ALMM with 3.5 GW Solar Module Boost
Highlights: MNRE just upped the solar game by adding 3,501 MW to its solar module capacity. India can produce a whopping 37,421 MW of solar energy! The Ministry of New and Renewable Energy (MNRE) has significantly