Union Budget 2025: Expectations of India’s solar industry
With the Union Budget 2025-26 approaching, the solar industry anticipates key policy and financial measures to sustain this momentum. The budget is expected to increase funding for green technologies, including solar, wind, and green hydrogen.
A budget boost for solar power could reshape india’s energy and agricultural landscape
Central Government’s Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) scheme holds transformative potential for both India’s agricultural and energy sectors. Decisive financial boosts in the 2025 budgets will harness the growing winds of interest and pave the way for widespread adoption.
NTPC tenders 1.2 GW solar with 600 MW/2,400 MWh energy storage
NTPC Ltd has launched the tender for selection of solar power generators to set up 1.2 GW of solar PV power projects with 600 MW/2,400 MWh of energy storage systems anywhere in India.
Blueleaf, Jakson partner for 1 GW of solar projects in Rajasthan
Blueleaf Energy and Jakson target to jointly develop over 5 GW of renewable energy projects in India. The first project under the partnership is a 1 GW solar portfolio in Rajasthan, which benefits from 25-year power purchase agreements secured with the Solar Energy Corp. of India, NHPC, and Rajasthan Urja Vikas Nigam Ltd.
India achieves 850,000 rooftop solar installations under PM-Surya Ghar Scheme: Pralhad Joshi
The PM Surya Ghar: Muft Bijli Yojana, the world’s largest domestic rooftop solar initiative, aims at powering 10 million households with solar power by March 2027.
Acme Solar Q3 net profit 152% up YoY
Acme Solar has reported consolidated revenue of INR 401 crore and consolidated net profit of INR 112 crore for the quarter ended Dec. 31, 2024.
Enfinity Global secures connectivity for 2 GW of solar and wind projects in India
Enfinity Global has secured connectivity for 2 GW of utility-scale solar PV and wind projects in Rajasthan, Uttar Pradesh, Maharashtra, and Karnataka
Avaada Group commits INR 20,700-crore renewables, storage investment in Odisha
Avaada Group has committed INR 20,700 crore for setting up 1.5 GW of floating solar projects, two 1 GW pumped storage projects, and green energy equipment manufacturing units in the Indian state of Odisha.
Grew Energy splits solar manufacturing, EPC solutions into separate units
Grew Energy has announced focused divisions for solar PV module and cell manufacturing, and engineering, procurement, and construction projects.
Acme Solar secures PPA with NHPC for 680 MW renewables storage project
Acme Solar has secured a power purchase agreement (PPA) with state-owned NHPC Ltd for a firm and dispatchable renewable energy (FDRE) project of 680 MW capacity.
