Solar Industry Updates
Know the latest news, reports, insights and trends from the Indian solar industry
UP Government to Solarize 25,000 Households in Varanasi
Highlights: UPNEDA to solarize 25,000 households in Varanasi, in 2 months The state plans to launch similar campaigns in other cities The Uttar Pradesh government will soon be launching an aggressive campaign to install rooftop solar
India Raises Subsidy for Residential Rooftop Solar Installations
Highlights: MNRE hikes central financial assistance for residential rooftop solar installations Consumers must submit their applications at the National Portal for Rooftop Solar to avail the subsidy. The Ministry of New and Renewable Energy (MNRE) has
Uttar Pradesh to Invest ₹1 lakh crore in 125 Clean Energy Projects
Highlights: UP is set to invest a significant sum in clean energy projects as part of the state’s strategy to meet 40% of energy demand through alternate sources The state’s RE agency has also shared the plan for upcoming
Himachal Pradesh to Support Youth in Generating Income through Solar Energy
Highlights: Himachal Cabinet approves the second phase of Rajiv Gandhi Swarozgaar Start-Up Yojana’ The scheme will assist youth in setting up a solar plant and earning a monthly income by selling the generated power to DISCOMs
Indian Railways Commissions 210 MW Solar and 103 MW Wind Capacity in Net Zero Push
Highlights: Indian railways commissioned a cumulative 310 MW of solar and wind capacity, as of October 2023. IR is targeting 30 GW of renewable energy capacity by 2030 to become a net zero carbon emitter. The
SJVN to Develop a 100 MW Solar Power Plant in Gujarat
Highlights: SJVN to develop a 100 MW ground-mounted solar project in Gujarat at a cost of ₹550 crores Once commissioned, the plant will generate 5,866 million units of clean energy in the next 25 years. State
India’s Cumulative Rooftop Solar Capacity Crosses 10 GW
Highlights: India witnessed a 477% increase in Rooftop solar capacity in the last 4 years Gujarat alone accounts for 30% of India’s total rooftop solar capacity The total rooftop solar capacity in the country has crossed
India Received $6.1 Billion Foreign Direct Investment in the RE Sector
Highlights: India attracted over $6 billion of FDI from April 2020 to September 2023 Initiatives such as the creation of project development cells, the development of large-scale RE parks, new transmission lines, etc. were seen as the key reasons
Ambuja Cement Planning to Invest ₹6000 crore in Solar and Wind Energy Projects
Highlights: Ambuja Cement has announced plans to Invest ₹6000 crore in 1 GW of Solar and Wind Energy Projects Upon completion of these projects, the company is expecting a 20% reduction in power costs. Ambuja Cements
ONGC to Set Up 5 GW of Solar and Wind Capacity by 2030
Highlights: ONGC to invest close to 35,000 crores to develop solar and wind capacity The organization aims to build a RE portfolio of 10 GW by 2030 State-owned oil and gas company, ONGC, has announced plans