Solar Industry Updates
Know the latest news, reports, insights and trends from the Indian solar industry
MNRE to Raise Rooftop Solar Subsidy to 60% Under Pradhan Mantri Suryoday Yojana
Highlights: Central government to provide 60% solar subsidy to the beneficiaries of the new Suryoday scheme. The remaining 40% will be covered by a loan taken by a central public sector enterprise and paid off using the extra energy
Budget 2024: 1 Crore Households to Get Free Electricity Through Rooftop Solar Programme
Highlights: 1 crore households that adopt solar under the new solar scheme to get free electricity of up to 300 units every month The initiative was announced by Finance Minister Nirmala Sitharaman, in her interim budget speech.
India’s Renewable Energy Capacity Reaches 188 GW
Highlights: Indian president Droupadi Murmu announced a new renewable energy milestone Solar capacity has increased 26-fold and wind power capacity has doubled in the last 10 years. India’s cumulative renewable energy capacity has reached 188 GW,
Delhi Unveils New Solar Policy; Rooftop Solar Adopters to Enjoy Free Electricity
Highlights: Delhi government announces Solar Policy 2024, with a target of developing 4.5 GW solar capacity by March 2027. Under the policy, the government will provide a slew of financial incentives to consumers including subsidies, generation-based incentives, and net
20,000 Government Buildings to Get Rooftop Solar Plants in Jammu and Kashmir
Highlights: J&K government is planning to solarize all government buildings by 2025 Once complete, the initiative will add 300 MW of solar capacity in the union territory J&K government has unveiled plans to cover all government
1 Crore Indian Households to Get Rooftop Solar Plants: PM Modi
Highlights: PM Modi has announced the Pradhanmantri Suryodaya Yojana to boost solar adoption in residential sector REC Limited has been designated as the implementing agency for the scheme. Indian Prime Minister Narendra Modi has announced a
Puducherry Planning to Solarize 50,000 Homes by December 2024
Highlights: Puducherry is targeting 225 MW of RE capacity by 2026. In a bid to accelerate rooftop solar adoption, the Puducherry government will also provide an additional subsidy of ₹9,000 per KW. The Puducherry government has
Indore to Solarize 30,000 Households in Next 3 Months
Highlights: Indore is planning to become a solar city in the next 11 months The city government will install 25,000-30,000 rooftop solar plants and solarize all government buildings. In a bold move, Indore has set a
MNRE Simplifies Rooftop Solar Installation Process for Residential Consumers
Highlights: MNRE has simplified the application process for rooftop solar Setting up solar systems for residential consumers will now only necessitate a handful of fundamental documents. The Ministry of New and Renewable Energy (MNRE) has taken
Indian Government Approves ₹24,000 Crore for Tribal Solar Electrification Initiative
Highlights: India has approved a hefty sum for the solar electrification of 1 lakh tribal households Under the initiative, the government will set up off-grid solar plants and solar streetlights in remote tribal regions. The Indian