Solar Industry Updates
Know the latest news, reports, insights and trends from the Indian solar industry
ReNew Power to Set up Solar Cells and Module Manufacturing Units in Rajasthan and Gujarat
Highlights: ReNew Power to Invest 2000 crore to Set Up solar manufacturing units The company is also exploring investment opportunities in Uttar Pradesh ReNew Power has announced the decision to set up solar cell and module
UPPCL to Help Farmers Increase Income Through Solar Power
Highlights: UPPCL to help set up 7 MW solar power plants for farmers under PM Kusum Scheme The project will cover six districts of the state The scheme will to help farmers earn an additional ₹80,000 every year.
Solar Accounts for 52% of Total Green Energy Capacity in India
Highlights: A new study by JMK research shows a 17.5% rise in Indian solar capacity additions in 2022, as compared to 2021 India added 11.3 utility-scale solar capacity in the past year The states with the highest solar installations
Tata Power to Set Up India’s First Residential Group Captive Solar Plant
Highlights: TPREL to develop India’s first residential group captive solar plant for a house society in Maharashtra The plant will generate 7.5 MU of energy in the first year TPREL will supply power to the society at a cost
MP to Set Up 3 Floating Solar Plants at an Investment of ₹7,500 Crores
Highlights: MP announced 3 new floating solar projects at the recent Investors Summit The plants will be installed in addition to the 600 MW floating solar project being developed in the state currently The state is targeting 20 GW
India May Waive Equipment Duty for 30 GW of Solar Plants
Highlights: Finance Ministry considering waiving off equipment duty for solar power projects The projects awarded before the announcement of custom duty to benefit from the exemption The move to speed up the implementation of RE projects
Indian President Lays Foundation for 1GW Solar Project in Rajasthan
Highlights: Indian President Droupadi Murmu lays the foundation of SJVN-owned 1 GW solar project The plant is expected to be commissioned by March 2024 The project will generate 2455 MU of energy in 1st year and prevent 27, 85,077
Delhi’s New Solar Policy Targets 6000MW capacity by 2025
Highlights: Delhi Govt. approves the draft of the new solar policy 2022 that will be operational for the next 3 years. Generation-based Incentives for residential, commercial, and industrial consumers introduced. The new policy aims to create 12,000 jobs and
Punjab Approves ₹60 Crores for Solar Energy Systems
Highlights: Punjab Govt. to Install solar energy systems for 970 rural water schemes A sum of 60.5 crores has been sanctioned for the project The move aims to improve the financial sustainability of water supply schemes
172.72 GW Non-Fossil Fuel Based Energy Capacity Installed in India: MNRE Report
Highlights: MNRE releases Year-End Review 2022 India’s renewable energy sector occupies 4th spot globally, solar power remains a major contributor to this growth Installed solar power capacity stands at 61.97GW. The Ministry of New and Renewable