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Off-grid solar

WoodMac predicts strong yet flat global PV growth through to 2032

Wood Mackenzie says the solar industry has reached a new stage in its evolution and is predicting around 350 GW of global solar installations annually for the next eight years. The research firm is also forecasting challenges for the solar manufacturing sector and long-awaited benefits from the Inflation Reduction Act in the United States.

Solar energy’s vital role in climate change mitigation

With solar taking a more significant portion of the energy and power mix, climate change can be significantly mitigated. Coal, for instance, is one of the dirtiest fuels, but makes up 70% of India’s power generation.

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Ayodhya set to become UP’s first solar city

The temple town of Ayodhya’s 40 MW solar plant will become fully operational by March 2024. In rooftop PV, a total capacity of 1,073 kW has been established on residential, commercial, and industrial buildings in the city. Solar-powered boats, water kiosks, and streetlights showcase Ayodhya’s dedication to harnessing solar energy across diverse sectors.

Govt announces INR 515-crore solar power scheme for electrification of tribal areas

The Scheme targets the electrification of 100,000 un-electrified households in tribal areas by providing off-grid solar solutions free of cost. The solutions will be installed in areas where electricity supply through the grid is not techno-economically feasible.

Major trends in the Indian solar PV sector

The Indian solar PV sector is experiencing transformative trends, driven by a combination of technological advancements, government support, and a growing awareness of the need for sustainable energy sources. The rapid expansion of solar capacity, coupled with innovations such as floating solar farms and green hydrogen production, paints a promising picture for the future of renewable energy in India.

“Energy security of the nation can’t be achieved with renewables alone”: Power minister

RK Singh, union minister for power and new & renewable energy, stated recently that the dependence on coal-based generation is likely to continue till cost-effective energy storage solutions are available.

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India’s installed solar power capacity expected to hit 104 GW by March 2025

ICRA expects India’s installed solar power capacity to grow to 104 GW by March 2025 from 72 GW as of October 2023, led by strong policy support and moderation in solar module prices.

EKI Energy, IndianOil partner to promote indoor solar cooking system

EKI Energy Services will oversee the production, marketing, installation, and after-sales services of ‘Surya Nutan,’ an innovative indoor solar cooking system designed and patented by IndianOil. The initiative will be supported by carbon finance.

New global solar installations to hit 413 GW this year, says BloombergNEF

BloombergNEF says historically low module prices will drive the global solar industry to record installations in 2023.

India added 8.5 GW of solar in first nine months of 2023

India’s solar installations for the Jan-Sept period in 2023 stood at 8.5 GW, 25% less year-on-year. The nation is expected to install an overall 11 GW in the current calendar year.   

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