Solar Power

MSEDCL plans year-end IPO, to hive off agricultural load into new firm

Maharashtra discom to separate agri load, shift it to solar DRE projects and clean up its balance sheet before launching an IPO targeting up to 10% government stake dilution

India's solar mfg boom turns into glut as capacity outpaces demand

Capacity utilisation at the country's module-assembly plants has shrunk to around 40 per cent from more than 70 per cent in the year through March 2023

Govt's push to accelerate rooftop solar slowed by reluctant lenders, states

The shortfalls represent the latest challenge to India's efforts to nearly double ​clean energy capacity to 500 gigawatts by 2030

Coal to remain central for India's energy security: PM's principal secy

India keeps coal central to energy security while expanding renewables, nuclear, and solar manufacturing, balancing climate action with equity and grid stability

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

Noida airport to run on 82.94-acre solar farm, fully electric airside ops

A solar park spread over 82.94 acres with a capacity of 51,966 megawatt-hours and electric vehicle (EV) charging facilities across 20 per cent of the parking area will anchor the green infrastructure of the upcoming Noida International Airport at Jewar, the Uttar Pradesh government said on Monday. According to an official statement, the airport will operate with extensive use of renewable energy and electric mobility, with all vehicles deployed for airside operations to be 100 per cent electric and supported by multiple charging points installed at different locations on the campus. The state government said the Jewar airport is being developed on a net-zero concept in collaboration with Zurich Airport Group and has already achieved the distinction of becoming India's first IGBC (Indian Green Building Council) Green Campus-certified airport. According to the statement, the terminal building has been specially designed to ensure minimal consumption of energy, water and resources. YE

Hartek Power bags ₹353.77 crore solar-plus-storage project in Karnataka

Hartek Power on Thursday said it has secured a major renewable energy contract worth Rs 353.77 crore for a solar project with a battery energy storage system in Karnataka. The company has been awarded the EPC (engineering procurement construction) scope for a 280 MW AC / 410 MWp DC solar PV project, along with an 80 MW / 320 MWh battery energy storage system at Challakere, a company statement said. The scope of work includes design, engineering, supply, erection and commissioning of the project, along with one year of operations and maintenance. The total purchase price for the signed and agreed scope is approximately Rs 353.77 crore, it added. Battery energy storage systems are emerging as a critical enabler for managing intermittency in solar power and supporting round-the-clock energy availability. Simarpreet Singh, Executive Director and CEO, Hartek Group, said, "This project reflects the growing maturity of India's renewable energy market, where solar generation and storage ar

Rajasthan Chief Secy directs discoms to accelerate PM-KUSUM implementation

He also directed that projects with a capacity of 3,000 megawatt (Mw) under the scheme be developed by March 2026

Without storage, India's clean energy push will keep hitting limits

Expanding renewable energy must go hand in hand with growth in storage capacity

Power grid ready to meet UP's investment needs: UPPTCL MD Mayur Maheshwari

UPPTCL MD Mayur Maheshwari outlines plans for a green, tech-driven transmission grid to power Uttar Pradesh's $1 trillion economy ambition

India's energy jobs boom exposes the myth of AI-led job destruction

AI has been framed as a job-stealing force. The electricity sector tells a different story

2.396 million households covered under solar rooftop scheme PMSGMBY

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

ADB approves $650 mn loan to boost India's rooftop solar rollout by 2027

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

Top Indian solar state, Rajasthan, blocks 3.2 GW coal plan for clean energy

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

Tracking India's solar future: Why every GWh matters in energy transition

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

Jaipur's decentralised solar panel plants soar to 121 with 5 additions

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 crosses 500 Gw power capacity, non-fossil sources contribute over 50%

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

Goldi Solar sees over ₹1,400 cr capital infusion from Havells India, others

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

UP plans solar projects worth ₹35,000 crore to reach 22,000 Mw by 2028

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

World's first solar-thermal power plant commences in China's Gobi Desert

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