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Solar Industry’s 2024 Budget Wishlist: Tax Cuts, GST Reforms and Fiscal Incentives

With India’s aggressive clean energy push likely to sustain the momentum it has seen in recent years, all eyes are on the Union Budget 2024 to be presented by Finance Minister Nirmala Sitharaman on July 23. Stakeholders in t...

July 19, 2024

Markets & Policy

RTC Renewable Products Must be Redesigned to Meet Demand Curve: Economic Survey

In its Economic Survey 2023-2024 presented to the Parliament by Finance Minister Nirmala Sitaraman, the Union Government has said round-the-clock (RTC) renewable energy products designed for the present demand pattern may have to ...

July 22, 2024

C&I

India’s Green Goals Depend on Corporate Renewable Energy Adoption

Corporates and industries are at the forefront of decarbonization, setting ambitious net-zero targets and striving to achieve them through renewable energy adoption. These efforts include investing in green technologies, aligning ...

July 22, 2024

Other

Creating a Supportive Policy Environment for Renewable Energy Deployment

Facilitating the widespread adoption of renewable energy requires a coordinated effort between state and central agencies. Equally important is establishing a policy regime that leaves no room for ambiguities for project developer...

July 22, 2024

Latest News

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JSW Energy Q1 Profit Surges 80% on Higher Renewable Generation

Independent power producer JSW Energy reported an 80% year-on-year surge in net profit for the first quarter of fiscal year 2025, reaching ₹5.22 billion (~$63.3 million), helped by higher power generation across its portfolio and improved...

July 23, 2024

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Suzlon’s Q1 2025 Net Profit Soars to ₹3 Billion, Up 200% YoY

Wind turbine manufacturer Suzlon Energy recorded a net revenue of ₹20.16 billion (~$241.02 million) during the first quarter (Q1) of 2025, a year-over-year (YoY) increase of 50% as compared to ₹13.48 billion (~$161.16 million). The company posted a...

July 23, 2024

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Daily News Wrap-Up: MNRE Allocates ₹10 Billion to Promote Rooftop Solar Systems

The Ministry of New and Renewable Energy has allocated ₹10 billion (~$119.5 million) to incentivize Urban Local Bodies and Panchayati Raj Institutions to actively promote and facilitate the adoption of residential rooftop solar systems under the PM...

July 23, 2024

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Ohmium Launches PEM Electrolyzer Gigafactory in Bengaluru

Ohmium International, a provider of green hydrogen solutions, has launched a gigafactory in Doddaballapura, near Bengaluru. The facility, spanning 14,000 square meters, will produce 2 GW of Proton Exchange Membrane (PEM) electrolyzers annually, with...

July 22, 2024

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BluPine Secures ₹4.36 Billion for a 120 MW Solar Project in Gujarat

Renewable energy company BluPine Energy has secured ₹4.36 billion ($52.85 million) in financing from the State Bank of India for its 120 MW solar project in Panshina and Radhanpur in Gujarat. The electricity generated from this project will be...

July 22, 2024

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First Solar Opens Plant for Thin Film and Tandem PV Modules in Ohio

U.S.-based photovoltaic (PV) module manufacturer First Solar has commissioned a new 1.3 million square feet research and development facility in Lake Township, Ohio. The Jim Nolan Center for Solar Innovation features a high-tech pilot manufacturing...

July 22, 2024

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Current Renewable Energy Growth Rate Falls Short of 2030 Target: IRENA

The International Renewable Energy Agency (IRENA) has released a new report saying the world must achieve a minimum annual growth rate of 16.4% in renewable energy installations to triple capacity by 2030, a target set at COP28 in the UAE. IRENA...

July 22, 2024

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MNRE to Incentivize Local Bodies for Residential Rooftop Solar Installations

The Ministry of New and Renewable Energy (MNRE) has allocated ₹10 billion (~$119.5 million) to incentivize Urban Local Bodies (ULBs) and Panchayati Raj Institutions (PRIs) to actively promote and facilitate the adoption of residential rooftop solar...

July 22, 2024

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