Page 2 - Solar Power

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

India on track to achieve 500 GW renewable energy target by 2030: Joshi

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

India now 3rd largest solar energy producer in world, says Pralhad Joshi

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

Govt likely to extend PM-KUSUM deadline again as targets lag behind

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

Solar, wind power grew faster than electricity demand this year: Report

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

TPREL, Bank of Baroda partner to provide solar financing for MSMEs

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's ground-mounted solar power potential at 3,343 GWp: Govt report

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 upgrades Adani Green Energy's long-term rating to AA

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

Green energy push: Driving India's economic and geopolitical future

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

Power puzzles in GDP: Energy consumption falls despite growth numbers

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 to add record 43 GW renewable energy capacity in 2025: Pralhad Joshi

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

BS Infra Summit: Fossil fuels can't be eliminated, say industry experts

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

Power sector to require ₹3 trn investment in 5 years: Praveer Sinha

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

Waaree Solar Americas bags 452 MW solar module supply order in US

Waaree Energies on Tuesday said its US arm Waaree Solar Americas has secured an order to supply 452 MW of advanced solar modules to a leading American developer of utility-scale solar and energy storage projects. Scheduled for delivery across FY2026-27, these modules reinforce Waaree's growing presence in North America and highlight a strategic shift in how the US market is embracing Indian manufacturing strength to accelerate its decarbonisation goals, a company statement said. Waaree Energies, India's leading clean energy transition company, announced that its wholly-owned US subsidiary Waaree Solar Americas has signed an agreement to supply 452 MW of advanced solar modules to a leading American developer of utility-scale solar and energy storage projects, it added. The transition from developer to Indian manufacturer underlines India's emergence as a trusted partner in diversifying global renewable energy supply chains, at a time when the world is seeking alternatives to ...

BS Infra Summit: 'High costs, infra gaps are roadblocks to renewable push'

India has set a target of 500 gigawatt (Gw) of renewable energy capacity by 2030. However, the installed base currently stands at around 225 Gw

US tariffs, China reliance thwarting India's $7 trillion solar prize

India's economic growth and rapidly accelerating electricity consumption are helping to propel a local solar industry that's forecast to become second in size only to China by the mid-2030s

Servotech Renewable stock jumps 7% on solar power order; check details here

Servotech Renewable's stock was trading 5.5 per cent higher at ₹131.5 per share compared to the previous session's close of ₹124.62 on the NSE

India curbs solar output to stabilise power grid amid low demand: Ministry

The curtailments are the latest setback to India's renewable power developers, who are increasingly languishing without supply contracts as demand for power slows

SAEL Industries signs 880 MW solar power PPAs in Gujarat, Punjab

SAEL Industries has signed two power purchase agreements for a combined solar power capacity of 880 megawatt in Punjab and Gujarat. Of the total, 400 megawatt (MW) will be set up in Punjab and 480 MW in Gujarat, the company said in a statement. In Gujarat, SAEL, through its subsidiaries SAEL Solar P Sixteen Private Ltd and SAEL Solar P Seventeen Private Ltd, has signed a PPA with Gujarat Urja Vikas Nigam Ltd (GUVNL) for a total capacity of 480 MW AC of solar photovoltaic (PV) power projects. This includes 240 MW initially allocated and an additional 240 MW awarded under the greenshoe option. The solar project is expected to achieve scheduled commercial operation within 24 months from the PPA signing. GUVNL will procure the solar power at a tariff of Rs 2.56 per kilowatt-hour (kWh) for 25 years. In Punjab, SAEL Solar P15 Private has signed a PPA with the Punjab State Power Corporation Limited (PSPCL) for a 400 MW AC solar photovoltaic power project. Under the terms of the agreem

India achieves 100 GW solar PV module capacity under ALMM: MNRE

Solar PV manufacturing under MNRE's quality-assured ALMM norms grows from 2.3 GW in 2014 to 100 GW, with 100 firms now operating 123 units nationwide