Explore Business Standard
India is exploring opportunities to accelerate the regional energy transition while ensuring energy security across Southeast Asia, starting with Singapore, where several alternative energy projects are already in progress, a senior Indian official said here. Ghanshyam Prasad, Chairman of the Central Electricity Authority -- a statutory body under the Ministry of Power -- asserted that the need of interconnection has been highlighted to use the regional renewable resources in an optimal manner and a huge opportunity awaits if the South ASEAN and Southeast Asia grids are interconnected. One of the options is to have a direct interconnection between India and Singapore. This was in line with the One Sun One World One Grid' principles, which originated from India. Through Singapore, the whole of the South East Asian countries will benefit, Prasad told PTI on the sidelines of an international energy conference in Singapore. Prasad said India could export renewable power -- generated fro
India has added around 4.9 GW of residential rooftop solar capacity under the Pradhan Mantri Surya Ghar Yojana (PMSGY) and over 57.9 lakh installation applications have been submitted as of July this year, a report released on Tuesday said. The report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics, however, noted that despite a near four-fold increase in applications between March 2024 and July 2025, only 13.1 per cent of the target of 1 crore installations has been met. Moreover, just 14.1 per cent of the allocated Rs 65,700 crore (USD 7.5 billion) in subsidies have been released till July 2025. Given this context, achieving the FY2027 target of 30GW capacity continues to be seen as a considerable challenge. Under PMSGY, Gujarat leads all states with the highest installed residential rooftop solar capacity of 1,491MW, followed by Maharashtra, Uttar Pradesh, Kerala and Rajasthan. These states together account for around 77.2 per .
Saatvik Green Energy on Wednesday said it has secured supply orders for solar PV Modules worth over Rs 700 crore. All orders are set to be delivered in this financial year, a company statement said, adding that these repeat orders were from leading engineering, procurement, and construction companies and from independent power producers. The parent firm, Saatvik Green Energy Ltd, received orders worth Rs 488 crore, while its material subsidiary, Saatvik Solar Industries, received contracts worth Rs 219.62 crore. "At Saatvik, we want to help India have a clean energy future by providing reliable, high-quality solar solutions. These orders strengthen our developing partnerships with premier EPCs and IPPs who believe in our technology, size, and dependability," Prashant Mathur, CEO of Saatvik Green Energy said. Saatvik Green Energy Ltd is a top Indian maker of high-efficiency solar PV modules and the main company in the Saatvik Group. The company works with a wide range of utility-sc
Diversified energy firm Avaada Group on Tuesday announced the commissioning of 11 solar power projects in Maharashtra's Yavatmal district under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 to provide reliable power for irrigation. The projects include a 4 MW plant at Kinhi, 3 MW each at Baldi and Dongarkharda, 2 MW each at Bansi and Patan,a 5 MW at Mhasola, 2 MW at Galwa, 4 MW each at Pathrad and Parjana, and 3 MW each at Sawargaon and Sarfali, a company statement said. Avaada Group has commissioned 11 solar power projects in Maharashtra's Yavatmal district under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0, a move aimed at providing farmers with reliable daytime power for irrigation and advancing the state's clean energy transition, according to the statement. The projects are expected to benefit nearly 14,900 farmers across 167 villages by improving irrigation facilities, reducing costs, and creating additional income opportunities, while ensuring a reliable supply of
Leading solar module manufacturer Insolation Energy Ltd on Tuesday reported over two-fold jump in net profit to Rs 126.19 crore in the fiscal year ended March 31, 2025 on the back of rise in revenues. In the financial year ended March 31, 2024 the company had posted a net profit of Rs 55.47 crore. The company's consolidated turnover stood at Rs 1,333.76 crore, registering an 80.93 per cent year-on-year growth compared to Rs 737.17 crore in FY 2023-24. The EBITDA (earnings before interest, taxes, depreciation, and amortisation) of the company more than doubled to Rs 170.32 crore, while gross margins rose 86.44 per cent to Rs 231.79 crore, a company official said. Chairman Manish Gupta attributed the strong performance to the company's focus on innovation, scale, and quality. "We have expanded from an 80 MW PV module capacity in 2017 to an expected 4 GW by July 2025," Gupta told reporters here. Company's Managing Director Vikas Jain said that the company plans to scale further, ...
The Ministry of New & Renewable Energy has come out with new guidelines, allowing two more payment methods for the installation of rooftop solar system under PM-Surya Ghar: Muft Bijli Yojana. The move will ensure payment security as well as the grant of subsidy to households in case of payments through Renewable Energy Service Company (RESCO) and utility-led aggregation models. The ministry has notified scheme guidelines for implementation of 'Payment Security Mechanism' component and 'Central Financial Assistance' component for RESCO models/ utility-led aggregation models under PM-Surya Ghar: Muft Bijli Yojana, an official statement said. Under this scheme, Rs 100 crore has been earmarked for payment security mechanism (PSM) for de-risking investments in RESCO-based grid-connected rooftop solar models in residential sectors, which may be supplemented through other grants, funds and sources after due approval, the statement said. Under the RESCO model, third-party entities invest .