As India advances toward its Vision 2047 goals, solar module and cell manufacturing must be at the heart of the renewable energy strategy. While policy interventions like ALMM and production-linked incentives have laid a strong foundation, the next phase requires intensifying domestic raw material manufacturing and supply chains, scaling solar cell production with novel technologies, developing a skilled workforce to support advanced manufacturing, and elevating export competitiveness through quality certifications and trade agreements.
Non-vanilla technologies, such as wind-solar hybrids and battery energy storage, accounted for half of the utility-scale renewable energy capacity tendered in 2024.
The annual solar additions are projected to further improve to 42 GW in FY 2026 and 46 GW in FY 2027, with residential rooftop segment driving expansion.
Brookfield has announced the sale of 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India (Gentari). The first-phase sale of 1 GW of operating assets is already complete.
Apollo Green Energy Ltd (AGEL) has formed a subsidiary, AGEL Renewable Energy Ltd, focused on utility-scale solar and advanced energy storage solutions, including hydrogen-based systems.
The Energy Information Administration projects that 32.5 GW of solar power, 18.2 GW of energy storage, and 7.7 GW of wind generation will be deployed this year, accounting for nearly 93% of total new capacity, which is expected to reach a record 63 GW.
SJVN has allocated 448 MW under its tender for supply of 1.2 GW of firm and dispatchable (round-the-clock) power from grid-connected RE projects with/without energy storage systems.
The wind-solar hybrid power projects were awarded to four successful bidders at tariffs ranging from INR 4.64/kWh to INR 4.73/kWh.
Hindustan Power will invest in setting up a 100 MW solar plant and a 100 MW battery energy storage facility in Assam.
Oriana Power has committed to invest INR 500 crore in solar and battery energy storage system projects in the Kamrup district of Assam.
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