Daily News Wrap-Up: Odisha Sets Renewable Energy Goals for 2047
Community solar with PM Surya Ghar subsidy is a viable option in rural India
July 8, 2025
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The Odisha government aims to meet 33% of its power needs from renewable energy sources by 2036 and 50% by 2047, according to Odisha Vision 2036 and 2047 report released recently. Odisha has attracted over ₹5 trillion (~$58 billion) in investments across the manufacturing sector, with 14% of the investment going towards green energy equipment and 8% towards electric vehicles and component manufacturing. The state has outlined several renewable energy goals in the report.
Launched in February 2024, the PM Surya Ghar: Muft Bijli Yojana aims to provide financial support for the installation of rooftop solar systems in 10 million households by 2026-27. The subsidy for a 3 kW system is ₹78,000 (~$910), which is expected to generate approximately 360 kWh per month at a capacity utilization factor (CUF) of around 16%. Under the program, a collateral-free loan of up to ₹200,000 ($2,333) is available at an interest rate of 6%, with a loan tenure of 10 years.
Commercial and industrial units in India are increasingly adopting solar energy as a viable, cost-effective, and sustainable alternative to conventional power sources. Driven by rising awareness, volatile energy prices, and the growing emphasis on energy independence, solar adoption is gaining strong momentum, particularly in energy-intensive sectors. At Mercom India’s fifth edition of the Renewables Summit, scheduled for July 24–25, 2025, at the Hyatt Regency, New Delhi, a panel discussion on “How Industries and Commercial (C&I) Units Are Pursuing Green Growth” will explore the opportunities and challenges businesses face while transitioning to cleaner energy sources.
The Central Electricity Regulatory Commission directed Andhra Pradesh Southern Power Distribution Company (APSPDCL) and Telangana Southern Power Distribution Company (TSSPDCL) to pay the outstanding power purchase dues from August 2011 to December 2012, along with 10% interest, to a wind power project developer. The payment liability is to be shared between APSPDCL and TSSPDCL, based on a consumption-based allocation formula. APSPDCL will bear 17.45% of the liability, while the remaining amount is the responsibility of TSSPDCL.
Gujarat-based solar frame manufacturer H&H Aluminium set up a 24,000 metric tons per annum capacity aluminum solar frame manufacturing plant in Rajkot, Gujarat. The company stated that the facility can support solar installations with a capacity of up to 6 GW. H&H Aluminium said it invested approximately ₹1.5 billion (~$17.55 million) in the 28,000 sq m facility. The plant’s trial production commenced in June this year. Commercial production is expected to begin within a month.
Joining a growing list of clean energy companies intending to raise funds from the stock market, Bengaluru-based solar cell and module manufacturer Emmvee Photovoltaic Power filed a draft red herring prospectus with the Securities and Exchange Board of India to raise ₹30 billion (~$350.12 million) through an initial public offering (IPO). The IPO will include a fresh issue of equity shares worth ₹21.44 billion (~$250.21 million) and an offer-for-sale component of ₹8.56 billion (~$99.9 million) by promoters Manjunatha Donthi Venkatarathnaiah and Shubha Manjunatha Donthi.
ILJIN Electronics, a material subsidiary of Amber Group, entered into definitive agreements for a majority stake in Bengaluru-based Power One Micro Systems. Power-One offers battery energy storage systems, solar inverters (on-grid, off-grid, and hybrid), electric vehicle charging solutions, and uninterrupted power supply solutions. The financial details of the transaction were not disclosed. Power-One caters to multiple clients in the public and private sectors. Greater Noida-based ILJIN Electronics is an integrated provider of printed circuit board assembly and bare board PCB solutions.
Solar glass manufacturer Borosil Renewables announced that its step-down German subsidiary, Glasmanufaktur Brandenburg, has filed for insolvency under the German Insolvency Code before the jurisdictional court in Cottbus. The company said it filed for insolvency due to the sustained deterioration in the European solar manufacturing ecosystem, with Chinese manufacturers flooding the market with underpriced solar modules.