Search



India's $9 Billion Rooftop Solar Push to Energize Millions
India plans to invest $9 billion to power 10 million homes with rooftop solar panels in an effort to boost the country's renewable industry. The sluggish deployment of rooftop systems has raised doubts about India's target of quadrupling solar power generation capacity by the end of the decade. Prime Minister Narendra Modi aims to accelerate the solar-power rollout through subsidies and cheaper loans. The installations will also allow users to sell surplus electricity back to the grid, providing each household with 300 kilowatt hours of free power per month.The investment is part of Modi's plan ahead of the upcoming national elections, where he is seeking a third term as prime minister. India aims to install 40 gigawatts of rooftop solar capacity by 2026, following a strategy similar to China's to drive down energy prices. However, the cost of installations has been a barrier for small households, and the loan rates offered by banks may still be too expensive for many households. How is India planning to boost its renewable industry and achieve its solar power generation target? India plans to invest $9 billion to power 10 million homes with rooftop solar panels. Prime Minister Narendra Modi aims to accelerate the solar-power rollout through subsidies and cheaper loans. The installations will allow users to sell surplus electricity back to the grid, providing each household with 300 kilowatt hours of free power per month. The investment is part of Modi's plan ahead of the upcoming national elections. India aims to install 40 gigawatts of rooftop solar capacity by 2026. India is following a strategy similar to China's to drive down energy prices. The cost of installations has been a barrier for small households. The loan rates offered by banks may still be too expensive for many households.
Feb 14, 2024 // Rooftop PV, India, Asia
India, Germany Look To Raise Renewable Energy to 500 GW by 2030
Indian Government officials met Jochen Flasbarth, State Secretary of the Ministry for Economic Cooperation and Development, Germany, in New Delhi as well as
Apr 26, 2022 // Markets & Finance News, clean energy, Germany, India, Europe, Asia, narendra modi, Jochen Flasbarth, Harsh Vardhan Shringla
Leading 10 Rooftop Solar States by Installed Capacity in India
of states with the greatest set up roof solar power generation capability in India. It's complete roof solar ability as on February 29, 2020, stood at 468.9
May 8, 2020 // Plants, Large-Scale, Commercial, Rooftop PV, India, Asia, rooftop PV
Solarpack's Ganeko Hybrid Project Secures 25-Year PPA in India
agreement (PPA) for a 482-MW solar and wind hybrid project in Gujarat, India. The PPA was awarded by Indian state-owned company SJVN Ltd, with
Jun 14, 2024 // Plants, Large-Scale, Commercial, India, Asia, Solarpack
Enphase as well as Salcomp showcase Make in India partnership for solar microinverters
of microinverter-based solar-plus-storage systems, today showcased its India manufacturing device, set up in partnership with Salcomp-- a world-leading
Mar 1, 2022 // Inverters, microinverters, Enphase, Make in India, manoj gopal nair, salcomp, sasikumargendham, Sunil Thamaran
EDEN Renewables India Adds 1.35 GW of new Solar Plants to its Profile
globe leaders in renewable energy, have actually revealed that EDEN Renewables India, their similarly possessed joint endeavor dedicated to the Indian solar
Oct 1, 2020 // Plants, Large-Scale, Commercial, India, Total Eren, SECI, Asia, EDF Renewables, NHPC, solar projects, Frédéric Belloy, Fabienne Demol
Enphase To Develop Installer Network In India
and has strategies to preserve its reputation with its established network in India too. Becoming part of the EIN network will certainly give selected installers
Jun 3, 2021 // Inverters, India, Asia, Enphase, EIN
India Extends US$75m credit for solar parks in Cuba
with a credit line of $75m for backing photovoltaic farms. Cuban BEC and Indian Exim Bank inked the agreement half a year ago. It became effective on the
Jan 7, 2020 // Markets & Finance News, India, Asia, North America, Cuba, LoC
International Finance Corporation Will Finance 600MW Solar Power Park in India
an organization of the World Bank that focuses on private sector funding, in India. Based on the reports, the solar power park project will be based in the
Mar 16, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, India, Solar Energy, Asia, international finance corporation, ifc, mnre, Renewable Energy, Solar Park, RE, Uttar Pradesh, TUSCO, Ultra Mega Solar Parks
Technique Solaire buys 6.2-MWp solar plant in India
intake of 32,000 inhabitants. The business now has a portfolio of 74.5 MWp in India, including four ground-mounted and also two rooftop installations. Its
Jan 26, 2023 // Plants, Markets & Finance News, India, Asia, solar plant, Technique Solaire
Sungrow opens 10GW solar inverter production facility in India
on the market. The enhancement to Sungrow's center comes at a time where India's government is pressing to increase the nation's domestic solar manufacturing
Mar 14, 2022 // Manufacturing News, Sungrow, India, Asia, manufacturing capacity, inverter manufacturing, inverter supplier
Essar Group to Invest $3.6 Billion in Energy Transition in UK, India
of low carbon energy transition projects over the following five years in India and also the UK. Essar Group held that EET of the total investment, $2.4
Feb 28, 2023 // Markets & Finance News, green ammonia, EET, EET Biofuels, EET Future Energy, energy transition hub in North West England, Essar Energy Transition, Essar Group, Essar Group UK India, Essar Oil UK, Essar to invest in renewable energy, low carbon energy transition projects, Prashant Ruia, Stanlow Terminals Ltd, Vertex Hydrogen
BrightNight Announces Maiden 100 MW Hybrid Wind-Solar Project in India
BrightNight has announced prepare for one of its inaugural projects in India which is a differentiated 100 MW co-located, wind-solar hybrid renewable power
Jan 30, 2023 // Plants, Storage, India, Asia, wind and solar, brightnight, Martin Hermann, Optima Project, Sajav KV
Enel Scores First Solar Tender win in India, 420 MW Project in Rajasthan
Green Power has actually announced that it has, via its Indian renewable energy subsidiary EGP India-- Avikiram Surya India, won its very first
Jul 1, 2020 // Plants, Large-Scale, Commercial, Solar, India, SECI, tender, Asia, Antonio Cammisecra, enel green power, Projects, EGP India, Enel Solar India
British Intl Invt spends $89 M to scale renewable energy in India
an overall commitment of $89 million to scale renewable energy capacity in India. The DFI's investment is consisted of a Rs 350 crore (United States $47
Mar 31, 2022 // Markets & Finance News, finance, British International Investment, CDC group, Srini Nagarajan, UK's development finance institution, DFI