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Electricity Market

2024: Global Solar Capacity Tops 2.2 TW, With Over 600 GW New Additions

Global cumulative solar photovoltaic (PV) capacity rose to more than 2.2 terawatts (TW) by the end of 2024, up from 1.6 TW in 2023, with over 600 GW of new systems commissioned, the International Energy Agency’s Photovoltaic Power Systems Programme (IEA PVPS) said in its latest report. “Module prices continued to drop through 2024 in […]

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Bigger & Faster – South India’s Renewable Comeback

South India, which heralded some of the earliest large-scale solar and wind projects in the country, is now further expanding its clean energy footprint. Again, one could say that some of India’s most notable renewable achievements came from the region before 2020. From the then-largest solar plant at Kamuthi in Tamil Nadu with a 648 […]

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India’s Rooftop Solar Poised To Hit 25-30 GW By FY27: CareEdge

India’s rooftop solar energy capacity is projected to surge, rising from 17 GW to an estimated 25–30 GW between FY25 and FY27, according to CareEdge Research.  With a total renewable capacity of 220 GW as of FY25 and a national target of 300 GW solar capacity by 2030. Rooftop solar, particularly in the Commercial & […]

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India’s Rooftop Solar Picks Pace, Capacity Touches 17 GW

The latest data released by the Ministry of New and Renewable Energy (MNRE) claimed that India’s rooftop solar capacity is now touched 17 GW, hinting at an expeditation in the sector. This comes almost one year after the launch of the PM Surya Ghar scheme. While India’s cumulative rooftop solar capacity stood at around 11 […]

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As Wind Energy Finally Crosses 50 GW Milestone, No Time To Rest

The March update from India’s Central Electricity Authority finally confirmed what was expected. The breaching of the 50 GW milestone by India’s wind energy developers. With Fy25 seeing fresh additions of 4.15 GW, the industry saw one of its best years, even though the all time best seen in 2016-17 still seems a tough target […]

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What Led to the Surge in REC Purchases by DISCOMs?

Union Minister of State for New and Renewable Energy Shripad Yesso Naik, in his latest statement before the Parliament, indicated that the Renewable Energy Certificates (RECs) have seen an upsurge. He attributed this surge to the changes in policy, which have made it more favorable for the power distribution companies (discoms) in the state. He […]

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Why Co-Locating of Storage And RE Matters

India has ambitious goals to install 450 GW of renewable energy (RE) capacity by 2030. Even though India has an impressive track record of quickly deploying renewable RE generation assets, the share of RE (excluding large hydro) in total generation continues to be low (13.75 percent) hindering grid decarbonization. The generation-installation gap can be addressed […]

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Trinasolar Debuts Extreme Climate Resilient Module For Australia

Trinasolar, a global smart photovoltaic (PV) and energy storage solutions provider, has unveiled a new solar technology designed to protect utility-scale PV plants from Australia’s increasingly extreme and unpredictable weather. The Shield Extreme Climate Solution, introduced at the Smart Energy Conference in Sydney on April 9-10, combines reinforced structural modules with intelligent weather-responsive tracking. The […]

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PLI Should Be Extended To Agri-Based Manufacturers: ICRIER

The latest Indian Council for Research on International Economic Relations (ICRIER), report called for extending India’s production-linked incentive (PLI) scheme—currently supporting domestic solar panel manufacturing—to include low-carbon agricultural technologies. These could include livestock feed additives that reduce methane emissions (such as Rumen8) and biofertiliser products, the report added. India’s agriculture sector is vulnerable to climate […]

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