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KPMG

Premji-backed Indian firm to make solar glass

Float glass manufacturer Gold Plus Glass Industry confirmed to pv magazine its plans to establish a solar glass factory with a capacity of 300 tonnes per day. The plant, located in south India, will be operational by September 2023.

1

Cabinet approves INR22600-crore budget for solar module and advanced battery manufacture

An ambitious, INR146,000 crore, five-year expansion of a previous domestic industry spending program includes money to attract investment into the sustainable energy and transport technologies.

2

Electric vehicle adoption in India will be led by three-wheelers

Electric vehicles will account for 65-75% of new three-wheeler (3W) sales by 2030. Intra-city transport buses will see 25-40% EV penetration and two-wheelers 25-35%. In four-wheeler passenger vehicles, the market will be driven by shared mobility, while just 10-15% of new car sales for personal mobility will be electric.

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Solar to lead global renewables growth for next five years — KPMG

Investors throughout the world made 406 investments in large-scale renewables in 2017, collectively valued at roughly €40.1 billion (US$49.5 billion), but solar is set to grow more in terms of capacity than any other clean-energy technology over the next half-decade, according to a new report. Battery storage will play a crucial role in this, it found.

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