INDIA SOLAR TARGET
Roadmap to EV 30@30: How can India achieve this ambitious target
India's climate change strategy includes the EV30@30 initiative, aiming for 30% of new vehicle sales to be electric by 2030. This transition enhances air quality, reduces oil dependence, and fosters economic growth. While challenges like limited commercial EV options and charging infrastructure persist, government incentives and rising private investments are accelerating EV adoption.
Congress targets PM over report on Adani group 'taking' Chinese help in solar project
Congress leader Jairam Ramesh criticized Prime Minister Narendra Modi on Saturday, pointing to a report that the Adani Group has selected eight Chinese companies for its solar manufacturing project. Ramesh emphasized the need for a strategy to reduce India's dependence on China and ensure taxpayer money does not benefit Chinese firms.
JSW Energy inks power purchase agreements via its arms for 1,325 MW renewable projects
JSW Energy has signed power purchase agreements with subsidiaries for wind and solar projects, totaling 1,325 MW. This brings the company's total locked-in capacity to 13.6 GW. The agreements account for 36% of the company's pipeline capacity, aiming to achieve 20 GW capacity by 2030.
Adani to invest Rs 2 lakh crore in renewable energy capacity addition by 2030
Adani Group plans to invest Rs 2 lakh crore by 2030 to achieve 40 GW of renewable energy generation capacity, aiming for net zero emissions by 2050. With over 10 GW capacity currently, they aim to add 6-7 GW annually to reach 50 GW by 2030. The investment is estimated at Rs 5 crore per megawatt. Adani Green Energy Ltd has added 2.8 GW capacity in FY24.
IGL to diversify into solar rooftop, battery recycling
"With the exponential growth being witnessed in the electric vehicle market, demand for batteries has risen significantly. Many rare earth metals go into battery manufacturing, so IGL thinks recycling them could be a lucrative option, especially when not many companies are doing it," said another senior industry executive.
Army unleashes 'silent killer' indigenous Nagastra-1 suicide drones along Pakistan, China borders: Key features revealed
Solar Industries delivered the first batch of Nagastra-1 Loitering Munitions to the Indian Army. These UAV-based munitions can hover, perform precision strikes, and be safely recovered, marking a significant advancement in India's defense capabilities. Developed by Economic Explosives Ltd, Nagastra-1 reduces reliance on foreign suppliers with over 75% indigenous content. The weapon offers operational flexibility and cost efficiency, capable of operating in extreme conditions, and is a testament to India's growing military technology expertise.
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JSW Energy begins construction as part of its foray into battery storage services
JSW Energy has started construction on a Battery Energy Storage Project (BESS) to enter the energy storage services business, enabling the storage and release of renewable energy. They were awarded a 1.0 GWh battery storage project by SECI, with commissioning expected by June 2025. The company is also developing green hydrogen and steel projects, aiming to achieve 20 GW generation capacity and 40 GWh energy storage capacity by 2030.
Domestic open access solar capacity addition doubles to 1.8 GW in Jan-Mar: Mercom
India added over 1.8 gigawatts (GW) of solar open access capacity in the first quarter of the calendar year of 2024, posting a two-fold increase from 909.3 megawatts (MW) in Q4 2023, the report titled 'Mercom India Solar Open Access Market' said.
India to spend up to $385 bln to meet renewable energy target, Moody's Ratings estimates
India needs $385 billion for 500 GW renewable energy by 2030. Coal remains key for next decade. Adani Group plans to generate 45 GW of renewable power by 2030 to support India's transition to net-zero by 2070.
How China rose to lead the world in cars and solar panels
Heavy subsidies for industry, together with weak sales in China, have set the stage for an export boom, raising fears of factory job losses elsewhere
In-house solar power generation saving 2,300 tons of CO2 across RRTS corridor: NCR transport body
The solar power plants are now operational at the Guldhar and Sahibabad RRTS stations, each having a peak power capacity of 729 kilowatts (kWp), as well as at the Duhai Depot and Duhai Depot station with capacities of 585 kWp and 108 kWp respectively, it said.
Shining away: India’s solar potential
India has the potential to generate around 750 GW of power from solar sources, with only 11% utilization. New rooftop solar schemes can help ramp up capacity faster.
Green energy will help fight pollution and create jobs in India
India, committed to climate mitigation programme, today stands 4th globally in renewable energy installed capacity, 4th in wind power capacity and 5th in solar power capacity, as per International Renewable Energy Agency - Renewable capacity statistics 2023.
India adds record 10 GW of solar capacity in Q1 2024, marking almost 400 pc YoY increase
This figure represents an almost 400 per cent year-over-year (YoY) increase compared to the over 2 GW installed in Q1 2023, as per the recent Q1 2024 India Solar Market Update from Mercom India Research.
India may add 25 GB wind energy capacity by 2028, need Rs 2 lakh crore: Crisil
India is set to significantly boost its wind energy capacity by adding nearly 25 gigawatts between fiscal years 2025 and 2028, driven by the increasing need for renewable energy and grid balancing. The government's target to auction 50 GW of renewable projects annually and stable average tariffs reflect India's commitment to sustainable energy solutions.
Coal's share in India's power generation capacity drops below 50% for 1st time since 1960s
India's share of coal in its total power generation capacity dropped below 50% in Q1 2024, marking the first time since the 1960s. Renewable energy accounted for 71.5 percent of the 13,669 MW power generation capacity added by India in Q1 2024. This trend is well ahead of India's target of achieving 50% cumulative power generation capacity from non-fossil fuel-based sources by 2030. The decline in coal's share mirrors a global trend, with demand for coal in G7 countries hitting record lows in 2023. G7 countries pledged to phase out all unabated coal power generation by 2035.
India will soon have solar power waste to fill 720 Olympic-size swimming pools. It has to urgently find solutions.
The country is betting big on solar energy — and rightfully so. But it is not giving equal importance on managing or recycling the waste that would be generated.
Modi govt's new solar scheme has three big hurdles
The government has launched a new scheme to encourage the installation of solar panels on rooftops, aiming to triple renewable capacity by 2030. The program provides subsidies to install grid-connected systems, allowing households to reduce electricity bills and sell extra power to the grid. However, challenges remain, including difficulties with electricity distribution companies (DISCOMs) and a lack of skilled workers. Despite these hurdles, the initiative is expected to create jobs and significantly reduce CO2 emissions.
Early enthusiastic EV adopter phase probably over; focus on mkt development: Tata Motors Grp CFO PB Balaji
Tata Motors is focusing on market development to boost electric vehicle (EV) penetration in India and address concerns of new customers. The company missed its guidance of selling 1 lakh units of EVs in FY24 and is confident of crossing the milestone this fiscal. Tata Motors is committed to the expansion of EVs and plans to launch its Curvv EV this year. The company is addressing what is stopping EV adoption faster and clear the pathway for it to start accelerating again.
Solar stocks outshine with up to 1,318% return in 1 year. Who’s driving the bull run?
Waaree Renewable Technologies, a smallcap solar company, has emerged as the leading gainer in the solar sector, boasting an astounding annual return of 1,318%. It is followed by WAA Solar with a gain of 561%, Zodiac Energy with 393%, and SJVN with 236%.
India overtook Japan to become world's 3rd largest solar power generator in 2023
India accelerated its solar energy deployment, surpassing Japan to rank as the world's third-largest solar power generator in 2023. This growth aligns with global trends, emphasizing the importance of clean electricity to meet rising demand and combat climate change.
Green energy stocks surge up to 600%! Why green is the new gold on Dalal Street
Green energy stocks surge on Dalal Street with up to 600% returns fueled by India's renewable energy growth. Investors eye opportunities in the sector, driven by ambitious targets, support from Morgan Stanley, and initiatives like the rooftop solar scheme under Pradhanmantri Suryodaya Yojana.
Renewable energy accounted for 71 per cent of India's new power generation in FY 24
India's total installed energy capacity has now reached 442 GW, with RE comprising approximately 33 per cent (144 GW) and hydro contributing 11 per cent (47 GW), according to the report by CEEW Centre for Energy Finance (CEEW-CEF).
Southern India can Lead India's pursuit of 500GW renewable target by 2030: Experts and industry players
Southern states like Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, and Telangana hold immense solar and wind energy potential. However, realizing this potential requires substantial investment in strengthening transmission infrastructure.
India expects annual power output to grow at fastest in over a decade
India anticipates a 9.3% increase in power generation to 1,900 billion kWh by March 2025, the fastest growth since 2011/12. Factors include searing heatwaves, economic activity uptick, and projected above-average monsoon rains. Fossil fuel-fired power is expected to dominate, with coal and natural gas generation increasing.
Caught in a solar flare
The approved white list of domestic module makers is a big mistake. No country in the world has tried to improve domestic manufacturing through tariff as well as non-tariff barriers plus capex linked incentives the way India has done.
India missed 2022 solar rooftop target. Will new policies help meet the revised deadline of 2026?
India's solar power generation target of 100 GW by 2022 was missed, with only 63.3 GW generated. Rooftop solar energy generation was just 11 GW, far short of the 40 GW target. Experts are unsure if the new deadline of March 2026 will be met. Rooftop solar is important for affordable power, reducing dependence on the grid, and improving access to electricity in remote areas. Lack of awareness, high initial costs, and lack of financing options are hindering residential adoption.
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