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Investment opportunities in India’s solar sector

India, with 750 GW of solar potential, has also one of the highest transmission and distribution losses in the world. So, while there is immense scope in PV deployment, there is a need for greater investment in grid related projects also to help the country best utilise its renewable energy potential, says the latest report by SolarPower Europe and National Solar Energy Federation of India (NSEFI) which also makes recommendations to help accelerate investments in the solar sector.

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Rooftop solar leader Gujarat gets maximum central financial support for RE generation

With Rs 118.27 crore in the current financial till February 10, Gujarat is way ahead among all states and union territories in getting the central financial support for new and renewable energy generation.

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Uttar Pradesh will become the hub of solar energy, says State’s energy minister

15 GW of utility scale and 8.5 GW grid-connected rooftop solar by year 2030 is the new target set for the state which is currently chasing year 2022 target of 6.4 GW and 4.3 GW, respectively.

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Gujarat to provide Rs 912 crore subsidy for rooftop solar this fiscal

The state budget for 2020-21 has also allocated Rs 125 crore under Pradhan Mantri KUSUM Yojana to solarize 18,500 grid-connected pumps and for standalone offgrid solar power agriculture pumps.

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Environment ministry releases draft version of battery waste management rules

Establishment of an R&D cell for battery recycling and online tracking of the collection and re-processing of used batteries are highlights of the draft rules which seek to ensure safe disposal and organized recycling of batteries at the end of their life.

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Global energy storage market to surge to 15 GW by 2024

As the sector continues to grow rapidly, delays in manufacturing scale-ups, difficulties sourcing raw materials and a separate path taken by the electric vehicle sector could all chuck ‘sand in the gears’, according to analyst Wood Mackenzie.

Energy efficiency body eyes 1.5 GW of distributed solar within 13 months

Energy Efficiency Services Limited, which has already bagged orders for 800 MW of distributed solar installations in Maharashtra and 113 MW in Rajasthan, says it will roll out 1.5 GW of generation facilities by the end of the next fiscal year.

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USA: Government report says Trump’s solar tariff has accomplished little

The U.S. ITC has released a report highlighting changes in the domestic solar cell and module manufacturing industry, showing that while there has been an increase in domestic module manufacturing, the overall program’s success, relative to the $740 million in tariffs, has created little measurable benefit.

Optimal grid utilization imperative whilst integrating renewable energy

The Solar Energy Corporation of India should amend the 400 MW round-the-clock supply tender to make co-location of solar, wind and storage mandatory in order to ensure optimal utilization of transmission infrastructure, says NSEFI chairman.

Solar projects reprieved as Indian government declares coronavirus a force majeure

Lobby group the National Solar Energy Federation of India says around 4 GW of solar plant capacity is likely to be affected by component shortages after the outbreak of the virus in China.

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