India’s solar sector faces rising module costs due to recent developments, including the imposition of anti-dumping duties on solar glass and China’s reduction in export rebates on solar modules, impacting project viability. These shifts underline the delicate balance between promoting local manufacturing, pursuing geopolitical strategies, and navigating the economic realities of global trade.
Hindustan Power has secured a Letter of Award from SJVN Ltd to develop a 100 MW interstate transmission system (ISTS)-connected solar power project paired with a 200 MWh battery energy storage system.
SJVN Green Energy Ltd (SGEL) has commenced commercial operations of 100.25 MW under the 1,000 MW Bikaner Solar Power Project in Rajasthan.
Insolation Green Energy has received Letter of Intent (LoI) from Jaipur Vidyut Vitran Nigam Ltd (JVVNL) to develop 109.79 MW of grid-connected solar projects under Component A of the PM-KUSUM scheme.
NTPC Renewable Energy Ltd (NTPC REL) has commissioned 120 MW solar capacity in Madhya Pradesh and 289 MW in Gujarat
Adani Green Energy Ltd (AGEL) has reached 15,539.9 MW of installed renewable energy capacity—the largest by any company in India.
JSW Energy has signed a 25-year power purchase agreement (PPA) with NHPC Ltd for 300 MW solar-wind hybrid capacity located in Andhra Pradesh and Rajasthan.
ACME Solar has secured a 25-year power purchase agreement (PPA) with the Solar Energy Corp. of India (SECI) for its 300 MW Sikar solar project in Rajasthan. The PPA was signed at a fixed tariff of INR 3.05 per kWh.
BluPine Energy has secured an INR 2,416 crore debt sanction for its upcoming 150 MW firm and dispatchable renewable energy (FDRE) project in Aland, Karnataka.
PV Hardware develops solar tracker designs tailored for hurricane and snow-prone regions, such as Florida and the US Midwest.
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