Solar Power

Multilateral development bank ADB has approved a USD 650 million (about Rs 5,780 crore) policy-based loan to help the Government of India accelerate rooftop solar adoption and expand access to clean, affordable energy for 10 million households by 2027. The financing under Subprogram 1 of the Accelerating Affordable and Inclusive Rooftop Solar Systems Development Program will support the government's flagship initiative Pradhan Mantri Surya Ghar: Muft Bijli Yojana (PMSGMBY) which aims to make rooftop solar systems widely accessible nationwide, ADB said in a statement on Tuesday. The programme is accelerating India's clean energy transition by removing long-standing barriers to rooftop solar adoption, including financing constraints and regulatory gaps, ADB Country Director for India Mio Oka said. It is making rooftop solar affordable and accessible for millions of households while creating green jobs, empowering women, and strengthening the financial health of the power sector, she

The Resource Adequacy Plan estimates Rajasthan will require only 1,905 MW of additional coal capacity by 2035-36, far less than the 3,200 MW sought

As India builds renewable capacity at record speed, the focus must shift from scale to strength-ensuring every GW added delivers dependable GWh and lasting energy security

The Central government provides an assistance of up to ₹1.05 crore -- 30 per cent of the cost-- for the installation in Component C

India achieves one of its COP26 goals five years ahead of schedule as non-fossil energy sources contribute over half of total installed power capacity

Renewable energy player Goldi Solar on Wednesday said it has raised over Rs 1,400 crore in a funding round led by consumer electrical goods maker Havells India Ltd. Besides, various high-net-worth individuals (HNIs), institutional and strategic investors have participated in the capital infusion, the Gujarat-based module maker said. In a statement, Goldi Solar said it has "secured a landmark growth capital infusion led by Havells India, alongside a distinguished consortium of high-net-worth individuals (HNIs), institutional, strategic, and prominent investors." The company has raised a total of Rs 1,422 crore from multiple investors, and the capital will be used to fund future growth plans. Other prominent investors and family businesses are Ambit Global Private Client, Nikhil Kamath, Shahi Exports Pvt Ltd, SRF Transnational Holdings Ltd, Karmav Real Estate Holdings LLP, NSFO Ventures LLP, and Godwitt Construction Pvt Ltd. According to market sources, Havells has infused Rs 600 cr

The UP government is also mulling floating solar power plants across 37 major reservoirs in UP

The thermal power station, built by the China Three Gorges Corporation, is located in Guazhou County and utilises two towers to feed a single turbine system, marking a first for the plant

Union minister Pralhad Joshi says India's clean energy growth, led by solar, is progressing steadily with 162 GW in the pipeline and bids floated for nearly 100 GW

Union Renewable Energy Minister Pralhad Joshi on Wednesday said India's solar power generation capacity has touched the 125 GW mark, making the nation the third-largest solar energy producer. Addressing at the curtain raiser of 8th session of the International Solar Alliance Assembly, the minister said, "As per CoP28 outcome, we must triple the world's renewable energy to 11,000 GW by 2030. And solar power is the single greatest key to achieving both of these ambitions. The Eighth Assembly of the International Solar Alliance is scheduled from October 27 to 30 at Bharat Mandapam in New Delhi. "Today, with approx 125 GW of solar capacity, India is the world's third-largest solar producer," the minister said. This progress shows how national ambition can translate into meaningful change at the local level, he opined. Born from a vision shared by India and France, the ISA has become a powerful global platform for change, he stated, adding that its membership has increased to 124 countr

The government is likely to extend the deadline for the PM-KUSUM scheme once again, as two major components of the initiative have failed to achieve even 50 per cent of their targets, an official source said. Launched in 2019, the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) aimed to add a solar capacity of 30,800 MW by 2022, with a total central financial support of Rs 34,422 crore, including service charges for implementing agencies. Later, the Centre extended the PM-KUSUM scheme till March 2026, as its implementation was significantly affected due to the pandemic, and also revised upwards the target to 34,800 MW. According to an official source, the deadline for the implementation of PM KUSUM is likely to be extended further to ensure the envisaged targets are achieved. This will be the second extension to the scheme. As per official data, none of the components of the ambitious scheme have achieved 100 per cent target. Although component B of the sche

Worldwide solar and wind power generation has outpaced electricity demand this year, and for the first time on record, renewable energies combined generated more power than coal, according to a new analysis. Global solar generation grew by a record 31 per cent in the first half of the year, while wind generation grew by 7.7 per cent, according to the report by the energy think tank Ember, which was released after midnight Tuesday London time. Solar and wind generation combined grew by more than 400 terawatt hours, which was more than overall global demand increased in the same period, it found. The findings suggest it is possible for the world to wean off polluting sources of power even as demand for electricity skyrockets with continued investment in renewables including solar, wind, hydropower, bioenergy and geothermal energies. That means that they can keep up the pace with growing appetite for electricity worldwide, said Malgorzata Wiatros-Motyka, senior electricity analyst at

Tata Power Renewable Energy Ltd (TPREL) has signed an agreement with public lender Bank of Baroda to offer financing solutions to MSMEs and Commercial & Industrial (C&I) units for solar equipment and projects. Under this partnership, Bank of Baroda will extend financial assistance to borrowers purchasing solar equipment and projects of up to 10 MW capacity through TPREL or its authorised partners, the company said in a statement on Friday. The financing scheme offers a rate of interest starting from 7.75 per cent, collateral-free loans of up to Rs 10 crore, Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) coverage and flexible repayment tenure of up to 120 months. As of August 2025, TPREL has completed over 2.49 lakh rooftop solar installations, achieving a cumulative capacity exceeding 3.6 GWp. Various renewable energy companies have tie-ups with banks to offer lending facilities for solar adoptions.

India has potential to have about 3,343 GWp ground-mounted solar PV from 27,571 square km of wasteland across the nation, a report by National Institute of Solar Energy (NISE) said on Tuesday. NISE is an autonomous specialised institute under the Ministry of New and Renewable Energy (MNRE), mandated for research and development, solar component testing and certification, capacity building, and development of solar products and applications. This report provides a comprehensive analysis of India's ground-mounted solar PV potential, building on the earlier estimate of 748.98 GWp in 2014. The study integrates advanced geospatial datasets and refined methodologies, accounting for key development constraints such as terrain (slope and aspect), sustainable land use, solar irradiance, and proximity to roads and electrical substations. It identifies feasible ground-mounted solar potential of 3,343 GWp across India, derived from 27,571 sq km of wasteland. The report shows that apart from .

India Ratings raised AGEL's rating to AA with stable outlook, citing stronger debt profile, lower refinancing needs, and higher operating cash flows supporting repayments

India can position itself as the world's renewable powerhouse and green fuel exporter

At first glance, the GDP data would seem overstated. Power consumption, which is metered, correlates closely with economic activity and is likely to be more accurate than GDP calculations

India has added 30 GW of renewable energy capacity so far in 2025 and is on track to reach 43 GW by December, with projects aligning to the 500 GW target by 2030

Industry experts say the country's green energy success depends on a long-term policy vision, targeted investments in infrastructure, and the development of domestic technology and financing solutions

India must accelerate renewables, ease capital access, and streamline clearances to achieve its 500 GW clean energy goal by 2030, says Sinha