Insolation Energy is expanding its solar panel production capacity to 4 GW per year from around 1 GW at present. It is also setting up manufacturing capacities of 12,000 MT of aluminum framing and 1.4 GW of PV cells. The new capacities will be commissioned within this fiscal 2024-25.
TP Renewable Microgrid Ltd and National Dairy Development Board will collaborate to enhance sustainability and operational efficiency within the milk value chain. This includes the solarization of dairy cooperative societies, bulk milk coolers, and milk chilling centers, facilitated by solar microgrid technology.
ReNew has inaugurated a 400 MW solar project in Rajasthan. The project is part of a 600 MW power purchase agreement with Solar Energy Corp. of India (SECI) for 25 years.
Bluebird Solar is expanding its PV module manufacturing capacity to 1.2 GW per year with the addition of an 800 MW fully automated line at its facility in Greater Noida. Cliantech Solutions will supply and install production equipment from leading companies.
Rays Power Infra will use the funds to develop solar and wind parks with a cumulative capacity of around 3 GW. Additionally, it will invest in both backward and forward integration of its business.
Employment creation and skill development have been at the core of this budget. While there is a lot of emphasis on skill development, there needs to be an emphasis on how money is allocated for skilling and reselling of people for the clean energy sector.
National Solar Energy Federation of India (NSEFI) expects budget to accelerate renewable energy uptake across MSMEs and hard-to-abate industrial sectors.
Import of solar glass will attract 10% customs duty from October. Further, the list of exempted equipment for solar cell and panel production has been expanded.
Mandating stringent quality and performance standards is imperative to safeguard consumers from potential exploitation in the burgeoning rooftop solar market. The technology to do this exists, but we need to see if the will is there.
Gensol Engineering Ltd has emerged as winning bidder for engineering, procurement, and construction of 116 MW (150 MWp) of solar projects in Gujarat. It will install these projects for feeder-level solarization.
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