Solar Energy

India's power grid race: Can supply keep pace with surging demand?

India's power grid handled record demand this summer, but rising heat, renewable growth and industrial expansion are testing whether its infrastructure can keep pace

Nearly 11,000 get 'zero' electricity bills in Odisha after solar adoption

Nearly 11,000 consumers in western Odisha reported "zero electricity bills" in March 2026 after adopting rooftop solar systems under the PM Surya Ghar Muft Bijli Yojana, officials said. As many as 10,885 households achieved zero bills during the month, driven by installations carried out through TP Western Odisha Distribution Ltd's (TPWODL) 1-kW Utility Led Aggregation (ULA) model, which has accelerated solar adoption in the region. According to a company statement, 18,830 consumers had installed rooftop solar systems in western Odisha as of March 2026, indicating a growing shift towards sustainable and self-reliant energy consumption. The figures showed that around 60 per cent of consumers with rooftop solar installations are now receiving zero electricity bills, while the remaining 40 per cent have reduced their monthly bills by over 80 per cent. In March alone, 1,428 consumers recorded zero bills under the model, underscoring the direct financial benefits of decentralised solar

India set to emerge as world's 2nd largest solar market in 2026: NSEFI

India is poised to become the World's second-largest solar market in 2026 in terms of annual installation, the National Solar Energy Federation of India (NSEFI) said on Wednesday. India has achieved its fastest-ever addition of 50 GW of solar capacity in just 14 months, reaching the landmark 150 GW milestone, according to an NSEFI statement. This marks a significant acceleration compared to the 11 years it took to reach the first 50 GW, followed by nearly three years to scale up to 100 GW. NSEFI CEO Subrahmanyam Pulipaka said that solar energy is projected to reach 280300 GW to support India's 500 GW non-fossil capacity target by 2030. With the current pace, India is nearing an annual addition trajectory of 50 GW, firmly aligning with this goal. In fact, the country is witnessing strong potential for solar capacity to exceed these projections, driven by initiatives such as PM Surya Ghar, the upcoming PM KUSUM 2.0, dedicated floating solar policies, and the growing demand linked to

Govt mandates domestic sourcing of solar wafers for manufacturers

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

No funds disbursed under ₹24K cr solar PLI scheme till Feb: Govt tells LS

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

3 million homes solarised, 70 million to go: SolarSquare CEO Shreya Mishra

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

Govt targets installing 39 lakh rooftop solar systems under PMSGMBY in FY27

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

Anand Rathi bullish on renewables; starts coverage on Emmvee, Vikram Solar

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

Data centres can help India become an exporter of energy: Sumant Sinha

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

Rajasthan govt approves incentive packages for 10 ultra-mega projects

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 .

SunSource Energy founder-led trio plans ₹10,000 crore cleantech push

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 opens on Jan 13: Check GMP, key dates, price band

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

India-led ISA to keep working to meet goals despite US withdrawal

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

Why Trump has moved US out of India-led International Solar Alliance

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, Waaree extend losses; stocks fall up to 7%; here's why

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 govt to equip multi-storey buildings in state with solar energy

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 bullish on solar equipment space; backs Premier, Waaree Energies

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

Mixed resources to contribute 20-25% of 75-85 Gw RE capacity in FY26, FY27

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

Only a new price system can solve the complexity of modern electricity

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 solar push hits slowdown as transmission and demand gaps emerge

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