Solar Energy

Expansion of ALMM scheme to ingots and wafers will require projects to use domestic components from 2028, strengthening local manufacturing and reducing import dependence

Solar equipment manufacturers have not received any funds under the Rs 24,000-crore production linked incentive (PLI) scheme for them till February-end, Parliament was informed on Wednesday. The Ministry of New and Renewable Energy, Government of India, is implementing the PLI Scheme for High Efficiency solar PV modules with an outlay of Rs 24,000 crore. Under the scheme, letters of award have been issued for setting up 48,337 MW of fully/partially integrated solar PV module manufacturing capacity, Union Minister for New & Renewable Energy Pralhad Joshi said in a written reply to the Lok Sabha on Wednesday. The minister said as on February 28, 2026, no funds have been released under the scheme, as it provides for the release of PLI to successful bidders a year after commissioning of the manufacturing projects awarded under the scheme. Until now, this one-year post-commissioning period has not been completed in respect of the projects awarded under the scheme, he stated. Under the

2 years after the launch of PM Surya Ghar, rooftop solar adoption has accelerated but remains far short of the 10-million-home target

The government plans to install 39 lakh rooftop solar systems with 11,700 MW capacity in FY27 under the PM Surya Ghar Muft Bijli Yojana, the MNRE informed a parliamentary panel

Analysts at Anand Rathi see strong long-term growth in India's renewable energy sector. They have initiated coverage on Emmvee Photovoltaics with 'Buy' and Vikram Solar with 'Hold' ratings

Sinha also said the company will seriously consider entering the nuclear energy sector in future once more clarity is achieved on specific areas

The Rajasthan government on Saturday approved customised incentive packages for 10 ultra mega projects involving an investment of about Rs 46,000 crore, officials said. The Board of Investment, in a meeting chaired by Chief Minister Bhajanlal Sharma, approved proposals related to solar module and cell manufacturing, renewable energy, cement, mines and minerals, automobile, chemical, textile and tourism sectors, an official statement said. The projects are expected to generate employment for more than 12,000 people in the state. The chief minister said the government's priority is to promote revenue growth along with job creation and directed officials to regularly monitor the progress of companies availing benefits under the Rajasthan Investment Promotion Scheme (RIPS). Sharma also instructed officials to review district-wise progress of MoUs signed during the Rising Rajasthan Global Investment Summit and to promote the "One District One Product" initiative. He further called for .

The first project involves a 6 gigawatt solar cell and module manufacturing plant with integrated ingot and wafer facilities at Chhatrapati Sambhajinagar in Maharashtra

GRE Renew Enertech IPO is being offered at a price band of ₹100 to ₹105 per share, with a lot size of 1,200 shares

The withdrawal would mean ceasing of US participation and funding to these organisations

The US will withdraw from 31 UN organisations and 35 non-UN entities, including the International Solar Alliance, which is jointly led by India and France

Premier Energies' stock has settled lower in six out of the last seven trading sessions, while Waaree Energies has slipped for the eighth straight session

Rajasthan plans to power multi-storey buildings with solar energy via virtual net metering, aiming to cut power bills, boost green energy use and create jobs

PL Capital has initiated coverage on Premier Energies, Waaree Energies, and Vikram Solar, maintaining a positive outlook on all three renewable equipment manufacturers

Policy support and robust pipeline to drive additions; transmission and PPA delays remain key execution risks

A market-based price system is key to managing renewable energy, AI-driven demand and grid stability, replacing outdated central planning in modern electricity systems

India's rapid solar boom is slowing as grid constraints, weak demand growth, stalled contracts, and rising storage needs push the sector into a recalibration phase

The scheme is targeting to ramp up the coverage to 3.5 million households by the end of 2025-26 and the government has taken various steps to accelerate its implementation

Battery mandates and lower buyback tariffs aim to ease discom losses, but risk slowing household adoption of solar power

MNRE has urged lenders to expand financing beyond module units to include upstream solar manufacturing while clarifying that no advisory has been issued to pause lending to renewable energy projects