Utility Scale PV

India’s ambition to achieve a 60% non-fossil fuel share in its energy mix by 2035 faces a critical financing challenge, with annual investment in renewables, storage, and transmission projected to rise sharply from $68 billion by 2032 to $145 billion by 2035—according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).

New modelling by Ember finds that solar paired with battery storage could supply 90% of India’s electricity demand at a levelised cost of electricity (LCOE) of INR 5.06/kWh ($56/MWh).

Latest figures from the International Renewable Energy Agency find solar contributed the majority of a record 692 GW of renewables capacity added worldwide last year.

Indian economy size is likely to surpass $5 trillion by 2030, driven by manufacturing expansion, infrastructure development, and strong economic reforms. However, sustaining that growth requires not just clean energy but also one that is predictable, uninterrupted and dispatchable.

An IEA-PVPS report finds that solar power above 60° North is not only viable but rapidly expanding, driven by cold-climate performance gains, bifacial technologies, and rising energy security needs. While challenges like extreme seasonality, snow, permafrost, and scarce data remain, Arctic PV is emerging as a critical—and technically distinct—frontier for global solar deployment.

New research from the University of New South Wales shows that PV module degradation varies widely with system design and location, driven by UV exposure, temperature, humidity, and atmospheric conditions. Tropical and desert regions face the highest stress, highlighting the need for climate-specific testing and system design.

Ceigall Green Energy MP Ltd has executed secured power purchase agreements (PPAs) with Madhya Pradesh Power Management Co. Ltd for a total awarded solar capacity of 130 MW under the Surya Mitra Krishi Feeder Yojana.

Solarworld has secured a 200 MW balance-of-system (BOS) package for a grid-connected solar PV project in Bikaner, Rajasthan. It has also won EPC contracts for battery energy storage systems totaling 182 MW/364 MWh at thermal power stations operated by NTPC.

Solarium Green Energy has received a Letter of Award (LOA) to develop a 50 MW (AC) solar PV project on a turnkey basis in Maharashtra, India.

For years, India has depended on imports of transformer bushings particularly at higher voltage levels. For India to become a global manufacturing hub, the gaps in product design, manufacturing technology must be addressed with a sense of urgency.