Markets & Policy

The best businesses aren’t just adapting to the changing landscape; they’re leveraging sustainability to drive innovation, reduce costs, and build stronger relationships with their customers and stakeholders. Business leaders are turning sustainability into a growth driver rather than a cost center by adopting the right practices.

The move toward electrifying everything is a business opportunity, and many residential solar companies have been creative in adding solar to places other than home rooftops

India’s Ministry of New and Renewable Energy (MNRE) has clarified that solar cells manufactured using imported diffused silicon wafer (generally called ‘blue wafer’) shall not qualify for MNRE schemes and programmes that mandate use of domestically manufactured solar PV cells.

India’s cumulative installed open access (offsite commercial and industrial) solar capacity reached 20.2 GW as of Dec. 31 2024 with a record annual addition of 6.9 GW in 2024

The tariff adoption by Central Electricity Regulatory Commission (CERC) is a critical regulatory requirement under the Electricity Act and power purchase agreements. It provides regulatory certainty to the entire bidding process and ensures the sanctity of the discovered tariff, paving the way for the successful bidders to proceed with project execution and financial closure.

Avaada Electro, manufacturing arm of Avaada Group, has started building its integrated facility for 5 GW of TOPCon solar cells and modules in Greater Noida. It also opened a 1.5 GW module fab in Noida.

State-owned coal miner Singareni Collieries Co. Ltd (SCCL) will develop a 1.5 GW solar park in Rajasthan through a joint venture with state power utility Rajya Vidyut Utpadan Nigam Ltd (RVUNL).

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.

Lohum stated its new lithium refinery will have the capacity to produce 1,000 metric tonnes annually.