SUBSCRIBE NEWS LETTER

solar government subsidy in india

UP Reaffirms 22 GW Solar Goal, Reviews PM-KUSUM Progress

Uttar Pradesh (UP) government has reaffirmed its goal of adding 22 GW of solar energy capacity, during a review meeting chaired by Union Minister for Consumer Affairs, Food and Public Distribution and New and Renewable Energy Pralhad Joshi, and Uttar Pradesh Chief Minister (CM) Yogi Adityanath. The meeting in Lucknow focused on evaluating progress under […]

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COVER STORY: India’s Different Path For Solar Module Manufacturing

On February 17, the Ministry of New and Renewable Energy (MNRE) issued its latest ALMM (Approved List of Models and Manufacturers) list. The issuing of the much-awaited list has been increasing in frequency over the year, as the rate of addition of new firms and module manufacturing capacity picks up pace. From just 26 manufacturers […]

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Budget: Himachal Announces Interest Subsidies For Solar Projects

The Himachal Pradesh government has now envisioned to become the first green state of India. In its latest budget presented by Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu, the CM announced several measures to bolster the growth of solar energy in the state. This included interest subsidies for solar projects up to 1 MW in […]

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India Adds 35 GW Power in 2024, Solar Leads with 71% Share: Study

India added nearly 35 gigawatts (GW) of power capacity in 2024, setting a new record for the calendar year. According to the GEM study,  Solar photovoltaic (PV) capacity made up almost 25 GW (71%) of all additions across the power sector, a record annual capacity addition for any technology in India. Despite the strong year, […]

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PM-KUSUM: Bhagyanagar Gets 53 MW Solar Project At ₹3.09/kWh

Telangana-based Bhagyanagar India Limited has been awarded a Letter of Award (LOA) for a 53 MW solar pump project under the Mukhyamantri Saur Krushi Vahini Yojana 2.0. The company secured the project under feeder-level solarization under Component C of the PM-KUSUM Scheme. The company stated in a regulatory filing, “The company has received the project […]

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Budget: Rajasthan Promises 150 Units Of Free Power For Solar Users

Rajasthan government has now promised to provide solar prosumers with free electricity. Today, the state government presented its budget for the next financial year in the state assembly. Deputy Chief Minister Diya Kumari in her budget speech announced the extension of the free power for solar consumers. “By leveraging the PM Surya Ghar Scheme, the […]

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Government Confirms 25 GW Solar Cell Capacity Among Nine Firms In India

India at present has around 25 GW of installed solar PV cell manufacturing capacity, according to the Solar PV Manufacturers Associations, the All India Solar Industries Association (AISIA) and the North India Module Manufacturer Association (NIMMA). The data was shared by  Pralhad Joshi, the minister of New and Renewable Energy And Consumer Affairs & Food […]

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PM Surya Ghar Powers 9,369 Varanasi Homes With Rooftop Solar

Varanasi, a key district in Uttar Pradesh (UP), has been performing well under the PM Surya Ghar Muft Bijli Yojana. The region witnessed an increase in solar installations, benefiting 549 households in February 2024, 2,856 in June 2024, 7,179 in October 2024, and reaching 9,369 in December 2024. The region has seen the installation of […]

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Non-Utility Share Of Over 25% Stood Out In 2024 In India: SBI Caps

Investment bank SBI Capital Markets (SBI CAPS), in a report on non-utility solar in India, has hailed 2024 as the year when non-utility solar finally crossed the 25% threshold in India. Declining module and EPC costs, coupled with cheaper cells expanding off-grid potential, facilitate solar adoption. Non-utility solar is poised for significant growth, with annual […]

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