The solar pump manufacturer’s annual turnover jumped to INR 181 crore in FY 2024, from INR 87 crore in FY 2023.
Gopal Kabra, founder and CEO of GK Energy, speaks to pv magazine about the solar pump market in India, key drivers, and future outlook.
Achieving and maintaining a capacity utilization factor (CUF) of 19% over 25 years without deration is feasible through careful selection of high-efficiency, low-degradation solar panels, and implementing robust design, maintenance, and monitoring strategies. By following the guidelines provided in this article, developers can ensure compliance with PM-KUSUM scheme and achieve sustainable, long-term performance of their solar power plants.
H.G. Infra Engineering Ltd has won 543 MW DC solar EPC projects under PM KUSUM scheme. The company is exploring additional opportunities in solar power development, including rooftop installations, and doesn’t rule out venturing into PV module manufacturing.
Onix Renewable arm Onix Trans Stellar will build 187 MW of solar projects under Component C of PM KUSUM Scheme. It will execute these projects across 60 different locations in Gujarat.
Under PM KUSUM Scheme, farmers can set up solar plants on their barren or uncultivable agriculture land and benefit from selling the electricity generated to the local Discom.
The total value of the 50,000 solar pumps is around INR 1,603 crore ($192.87 million). The pumps are to be deployed over 24 months.
The state and the central government will provide cumulative financial support of INR 434 crore ($52.2 million) for the installation of 30,000 solar pumps across the state.
Shakti Pumps (India) has secured a contract to supply, install, and commission 10,000 solar water pumps in Uttar Pradesh under the PM- KUSUM III scheme
As on June 30, 2023, around 2.45 lakh agriculture pumps have been installed or solarized under PM KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) Scheme.
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