The global steel industry is poised to shift from coal to hydrogen. With enough high-quality iron ore and low prices for hydrogen, India could play a pivotal role in global steel decarbonisation given its large and growing economy.

The solar panel glass manufacturer expects strong growth in demand for its products at home and abroad with a significant rise expected in the production of PV modules in the USA and Europe.

The 25 MW solar project acquired by Torrent Power benefits from a a 25-year power purchase agreement with Gujarat Urja Vikas Nigam Ltd. Reliance New Energy Solar Ltd, a wholly-owned unit of Reliance Industries Ltd, now holds 40% of the total paid-up equity share capital of Sterling & Wilson Solar following acquisition of a further stake from its promoters. 

Researchers at the Indian Institute of Technology Delhi have developed solar towers that can be moved from one place to another and can generate 20-30% more power while requiring only 50-60% space compared to conventional mounting setups.

State-owned power producers THDC India, NTPC, NHPC, and SJVN have committed investments to build 10 GW of renewable energy capacity each. Among private firms, Reliance plans 20 GW and Axis Energy Group 28 GW of solar projects and 4 GW solar module manufacturing facility.

India installed 3,316 MW of non-hydro renewable energy capacity in the third quarter of FY2021-22, compared to just 1,914 MW installed in the same period last year. Out of this, 93% (3,072 MW) came from solar.

All stakeholders are expecting the Indian Renewable Energy Development Agency Limited (IREDA) to expedite and issue letters of award to balance companies that have bid under the production-linked incentive (PLI) scheme for solar. Most players have already acquired land and some have even done the land development work and basic construction in anticipation of the award pending for the last three months. 

Ashutosh Verma, founder of solar appliance manufacturing company Exalta India, says the key to increasing the uptake of solar products in rural areas lies in improving the access to finance, infrastructure to retain the technology, and awareness on usage.

The Israeli robotic solar cleaning specialist, which has over 3 GW of deployed projects globally, today announced it has bagged an order from global investor Actis for a 150 MW PV project in India. 

For real estate developers, now is the best time to install a solar energy system in their projects because solar rebates, tax credits, and incentives are at all-time highs. At the same time, a solar energy system may help them prepare for tomorrow’s specific difficulties while also saving money now.