Pralhad Joshi also said that so far about, Rs 50,000 crore has been invested in the country's solar equipment manufacturing sector.
Ministry of New and Renewable Energy has ordered that only black wafer, which is the base material for making a solar cell, is allowed to be imported into India. Government wants the process of turning it into a blue wafer to be carried out in India.
Sinha said the push for nuclear energy and the increased outlay for PM Surya Ghar in the budget have come at the right time in India’s energy transition journey. When asked about the impact of the policies of the new government in the US, he said India’s energy transition will continue despite global uncertainties, driven by strong power demand.
Moneycontrol wrote on January 22 that the Budget will increase the allocation for the PM Surya Ghar scheme to ensure its faster implementation to meet renewable energy targets
The budget for the new and renewable energy sector is expected to go up to Rs 30,000 crore, with the PM Surya Ghar scheme getting the biggest share to meet the target of 50 lakh rooftop solar installations by March 2026
Husk, founded in 2008 in Bihar, is taking advantage of a drive by governments and multilateral lenders such as the World Bank to bring electricity in coming years to the more than 600 million Africans who lack access to it.
From December, Tata Power has commissioned its 4.3 GW solar cell manufacturing unit in Tirunelveli, Tamil Nadu which is an addition to the 4.3 GW module manufacturing plant commissioned in October, 2023 located at the same site.
Gujarat alone has 46 percent (2.9 lakh) of the total (6.34 lakh) rooftop solar installations across the country under the scheme.
Praveer Sinha, the company’s MD and CEO, feels that the steep rise in its share price is just an early indication of the headroom for further growth as investors re-rate it for its consumer-centric businesses.
The country had witnessed 485 megawatt (MW) of rooftop solar installations during the first quarter of 2023, the research firm said in a report.
Despite the potential to generate 750 GW of solar power, the country has only reached an installed capacity of 81.8 GW. Although most of this capacity was added after 2015, significant room for improvement remains.
Data from the International Renewable Energy Agency (IRENA) shows that women constitute just 32 percent of the renewable energy workforce worldwide. Energy poverty has a disproportionate impact on women in rural areas. Gender quotas in renewable energy projects and targeted financing mechanisms tailored for women-led solar enterprises could help bring more women into the renewables space.
"Registrations have been pouring in from all parts of the nation. Assam, Bihar, Gujarat, Maharashtra, Odisha, Tamil Nadu and Uttar Pradesh have seen over 5 lakh regulations," PM said in a post on 'X'.
The government will soon start a pan-India survey to assess the final potential of solar panel installations in both state and central government buildings.
The solar photovoltaic power costs declined by 23 percent in 2023 amid abundant supplies
As per Union minister for power and new and renewable energy RK Singh, the government will identify households that consume up to 300 units of electricity a month for the new rooftop solar scheme.
The MNRE clarified that residential rooftop solar applications submitted before February 13, 2024 will not be eligible for the Central Financial Assistance (CFA) under the new scheme - PM Surya Ghar: Muft Bijli Yojana. They will be eligible for subsidies under the old regime.
Consumers in co-operative group housing societies, multi-storied buildings, residential colonies can now choose on individual connections for everyone or a single-point connection for the whole premises
There have been only a handful of solar thermal or CSP projects in India so far
According to Sinha, the timing of the announcement couldn't have been better for Tata Power. To install solar panels in one crore households, domestic content requirement (DCR) solar PV modules will be needed, and Tata Power's new module-making unit will be well-positioned to supply the same.
Union minister for power and new and renewable energy RK Singh said those who availed low-income houses under the Pradhan Mantri Awas Yojna will be considered in this scheme.
Green hydrogen, solar power and green-energy corridors have all received higher allocations, given the 2030 renewable energy target. Wind energy has received less but is expected to pick up pace next year, officials said
Financial incentives are not the only determining factor for the progress of the rooftop solar scheme in the country
A day after the Interim Budget, Union minister for power RK Singh, providing further clarity on the scheme, said those who availed low-income houses under the Pradhan Mantri Awas Yojna will be considered in this. He added that households with power consumption more than 300 units per month will have to install rooftop solar on their own, even as they will be eligible for enhanced subsidies.
Moneycontrol was the first to report on January 24 that the 'Pradhan Mantri Suryoday Yojna' would find a mention in the FM's Budget speech, for which budgetary allocation is expected to be enhanced.