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India has seen a significant increase in solar open access capacity, with 3.6 GW added in the first half of 2024, a 153% surge compared to the same period in 2023. This surpasses the total annual installations of previous years. Adani Green was the leading seller in the Green Day-Ahead Market, accounting for 29% of electricity sold. However, challenges such as transmission infrastructure availability and inconsistent state regulations are hindering further growth. Additionally, India's push for corn-based ethanol has made the country a net importer for the first time in decades, impacting local poultry producers and global supply chains. [Extracted from the article]

Adani Group plans to invest an additional Rs 20,000 crore to complete the remaining three phases of the Vizhinjam International Seaport, which is India's first transshipment port. The investment is expected to significantly reduce logistics costs for Indian manufacturers. Jupiter International has secured Rs 300 crore funding from ValueQuest to expand its solar cell capacity and initiate module manufacturing operations. Uttarakhand Chief Minister Pushkar Singh Dhami has requested clearance for 21 new hydel power projects with a capacity of 2123 MW from the central government. [Extracted from the article]

Orb Energy has partnered with the State Bank of India (SBI) to boost rooftop solar financing in India. This collaboration designates Orb Energy as an approved vendor for SBI's Surya Shakti Solar Finance Scheme, which aims to enhance financing options for solar power projects across the country. The scheme will offer loans to Orb Energy's residential, commercial, and industrial customers to support the installation of rooftop solar systems. [Extracted from the article]

Adani Green Energy and TotalEnergies have formed a joint venture to oversee a portfolio of solar projects totaling 1,150 MW in Khavda, Gujarat. Adani Green Energy will contribute its existing assets to the joint venture, while TotalEnergies will invest $444 million to accelerate project development. The partnership aims to enhance collaboration and fast-track India's transition to clean energy. The electricity produced from these solar projects will be sold through Power Purchase Agreements with the Solar Energy Corporation of India and the wholesale market. [Extracted from the article]

Vikram Solar, a leader in the solar energy sector, has appointed Narayan Lodha as its Chief Financial Officer (CFO) to enhance its operational and market expansion efforts. Lodha brings over two decades of experience in financial roles at prestigious organizations and is expected to strengthen Vikram Solar's financial strategies. This appointment aligns with the company's vision to innovate and lead in sustainable energy solutions. In other news, the peak power demand in Delhi is projected to exceed 8,000 MW for the first time this summer, marking a significant increase from previous years. [Extracted from the article]

According to a report by Mercom Capital, India's solar industry has seen significant growth, with a record 15 GW of solar capacity added in the first half of 2024. This marks a 282% increase compared to the same period in 2023. As of June 2024, India's total installed solar capacity reached 87.2 GW, with utility-scale projects accounting for 87% and rooftop solar accounting for over 13%. Solar energy now represents 19.5% of India's total power capacity and over 44% of its renewable energy capacity. The average cost of large-scale solar projects has decreased by 26% year-on-year and 2% quarter-on-quarter. The CEO of Mercom Capital Group emphasized the need to address challenges related to component supply and grid connectivity to achieve the target of 280 GW by 2030. [Extracted from the article]

Jupiter International, a solar company, has secured Rs 300 crore funding from investment house ValueQuest. The funding will be used to expand the company's current cell capacity and initiate module manufacturing operations. This investment will help Jupiter International maintain its leadership in the solar industry by setting up a 1.8 GW solar cell and 1.2 GW solar module manufacturing facility. In a separate development, former defence secretary Ajay Kumar has entered the venture capital industry by setting up a new firm, Mounttech Growth Fund, focusing on early-stage startups in the defence, aerospace, and deeptech sectors. Kumar's Rs 250 crore fund has received subscriptions worth Rs 280 crore and is set to invoke the green-shoe option for another Rs 250 crore. [Extracted from the article]

The article informs that Indian Prime Minister Narendra Modi inaugurated Coal mining firm NLC India Ltd.'s 300-megawatt solar power project in Barsingsar, Rajasthan, alongside other solar initiatives in the state, emphasizing the nation's rapid progress in solar energy generation.

NHPC, a state-run power generation company in India, saw a significant increase in its market capitalization after signing a Memorandum of Understanding (MoU) with Norwegian company Ocean Sun. The agreement between the two companies is focused on the technology of PV panels mounted on a hydro-elastic membrane for floating solar energy. This development reflects the growing importance of renewable energy sources in India, with renewables contributing to 71% of the country's new power generation capacity in the last financial year. [Extracted from the article]

According to a report by Mercom Capital, India added 21 GW of solar module and 3 GW of cell manufacturing capacity in 2023. The country's cumulative solar module manufacturing capacity reached 64.5 GW, and solar cell manufacturing capacity reached 5.8 GW by December 2023. In addition, TP Saurya commissioned a 200 MW solar power project in Bikaner, which is expected to generate 485 million units of energy annually and contribute to India's renewable energy capacity. The project will be integrated into the Central Transmission Utility for efficient distribution of clean energy. [Extracted from the article]

Adani Green Energy Limited (AGEL) has become the first company in India to surpass 10,000 megawatts (MW) of operational renewable energy capacity. AGEL's portfolio includes 7,393 MW of solar power, 1,401 MW of wind power, and 2,140 MW of wind-solar hybrid capacity. This milestone brings AGEL closer to its goal of achieving 45,000 MW of renewable energy by 2030. The company's operational portfolio will provide power to over 5.8 million homes and reduce CO2 emissions by approximately 21 million tonnes annually. [Extracted from the article]

The article focuses on a Council on Energy, Environment and Water report revealing India's substantial residential rooftop solar potential of 637 GW, highlighting that utilizing one-third of this capacity could meet the entire residential electricity demand.

The article focuses on the state-owned Solar Energy Corporation of India's (SECI) ambitious plan to achieve 100 gigawatts of renewable energy capacity in the next five years, with a portion generated from their own plants and the majority through developers.

The article focuses on solar energy company Spowdi's collaboration with Self-Employed Women's Association (SEWA) to scale smart farming among women small-scale farmers in India, addressing the challenges of rainfed agriculture, climate change & food production instability.

The article reports that India-based Hartek Power announced securing a significant order worth 113 crore Indian Rupees from state-owned SJVN in Jamui, Bihar, involving the establishment, execution, and maintenance of a grid-connected solar power plant, alongside a substation.

The article informs that India-based energy firm Gautam Solar has supplied 60 megawatt of solar panels, specifically 10BB mono passivation emitter rear contact cell (PERC) panels known for their enhanced efficiency, for the PM-KUSUM scheme, which aims to provide solar power to farmers in India.

The article report that India-based National Thermal Power Corp. Ltd. (NTPC) has commissioned 14 megawatt (MW) of the 40 MW Ayodhya Solar Photovoltaic (PV) Project in Indian state Uttar Pradesh, operated by its subsidiary NTPC Green Energy, marking its commercial operation.

The article informs that India-based solar energy company Freyr Energy intends to increase rooftop solar installations in over 3,000 homes across Madhya Pradesh by the end of 2024, as part of its strategy to enhance its presence in the state's residential rooftop segment.

The article reports that Indian Prime Minister Narendra Modi inaugurated several solar and transmission projects worth in Rajasthan as part of the 'Viksit Bharat Viksit Rajasthan' program, marking a significant development stride, encompassing sectors like solar energy and power transmission.

The article highlights Tata Power Renewable Energy's installation of a 1000 kilowatts bifacial solar project in West Bengal, marking the first-ever on-ground bifacial module installation in eastern India, expected to generate 1.5 MUs annually and reduce carbon footprint.

The article highlights that NLC India plans to invest over 24000 crore Indian Rupees in solar power projects by 2030 through a step-down subsidiary for its new-age renewable energy businesses, including battery storage, after incorporating NLC India Renewables Ltd.

The article reports that corporate funding in the global solar sector grew by 54 percent to 18.5 billion U.S. dollars in the first half of the year, indicating a strong solar industry despite tightening financial markets and high interest rates.

The article focuses on Chandrakant Gogri's family office led a 4 million U.S. dollar Series-A investment in Prozeal Infra, an Ahmedabad-based solar EPC player that secured 4 million dollar in its first capital round for a minority position at an undisclosed valuation.

The article focuses on a Council on Energy, Environment and Water report highlighting India's rooftop solar potential, indicating that 25 crore households could install 637 GW of solar energy which meets the entire residential sector's electricity demand if one-third of the potential is utilized.

The article informs about Tata Power Renewable Energy has signed a Power Delivery Agreement (PDA) with Neosym Industry to establish a 26 MW AC group captive solar plant in Maharashtra, reducing 32,500 tonnes of CO2 emissions annually and contributing to India's climate change mitigation efforts.

The article highlights a report which shows that Venture capital, private equity, debt financing, and public market financing made up the entirety of corporate investment for the solar industry globally in 2022, totaling 24.1 billion dollars which represents a 13 percent decrease raised in 2021.

The article discusses Hanwha TotalEnergies Petrochemical's completion of a polyolefin elastomer (POE) pilot plant, marking a significant stride in expanding high-value-added material operations. Topics include joint project with Hanwha Solutions and TotalEnergies, POE's versatility in automotive, consumer goods, and solar sectors, with the global market projected to reach 6.3 billion dollar by 2030.

The article focuses on Cleantech Solar's open-access solar Photovoltaic (PV) projects in Tamil Nadu with topics including long-term PPAs with C&I clients, construction in Tirunelveli district and powering production operations in automotive, chemicals, and education sectors.

The article highlights Goldi Solar's plan to invest 5,000 crore (Indian Rupee) by 2025 to expand module manufacturing capacity to six gigawatt.

The article reports on an announcement by Raj Kumar Singh, minister of energy and renewable energy in India, regarding elimination of customs charges for solar projects comprising investments of 1. 3 lakh crore rupees before March 2021, under the concessional mission import scheme.

The article discusses about the production-linked incentives (PLI) for solar manufacturing has placed a premium on module efficiency levels, as per the New & Renewable Energy Ministry's published standards.

The article reports that REC Group, an international pioneering solar energy company headquartered in Norway, and its new parent company, Reliance Industries Limited (RIL), plan to put on a compelling show at Renewable Energy India to be held from September 28 to 30, 2022.

The article reports that JSW Energy, Torrent Power and Apraava Energy, and European major Sembcorp have joined the race for acquiring wind and solar energy assets under Vector Green Energy.

The article reports that the Indian Central Board of Indirect Taxes and Customs has revoked the concessions it had granted under the bonded warehouse scheme which had allowed solar developers to defer payment of the steep import duties on solar cells in the wake of blatant abuse of the scheme.

The article reports that Torrent Power, an integrated power utility based in Gujarat, India, has acquired a 50 megawatt (MW) solar power plant in Telangana, India from Sky Power Group fro 516 crore Indian rupees.

The article highlights that Avaada Energy, a subsidiary of Avaada Group, has successfully obtained a 280 megawatt (DC) solar project from RUVNL.

The article discusses that Solar Ladder, a supply chain platform for solar installation companies has raised funds in seed funding from Axilor Ventures, Titan Capital, DeVC and Stride Ventures.

The article focuses on how the unprecedented volatility in polysilicon prices is negatively affecting the solar power industry in terms of installations and investments.

The article talks about Solar energy solutions provider Goldi Solar hiring over 2,000 people by 2025; it will also roll out an initiative to support young micro-entrepreneurs who have innovative ideas for the solar sector.

The article discusses that Rajasthan High Court has dismissed a PIL protesting land allotment to solar companies in Fatehgarh area and imposed a penalty on the petitioners.

The article reports that Azure Power has refinanced its solar power project at the lowest rate of interest in its portfolio to date.

The article highlights a report which shows that in 2022, corporate investment in the global solar industry fell 13 percent year over year to 24.1 billion dollars.

The article discusses that Rajasthan State Industrial Development & Investment Corp. has proposed setting up of two dedicated industrial zones to drive solar component manufacturing.

The article reports on prediction for solar energy industry of India to be headed for disaser due to no procurement of solar modules after levied basic custom duty according to Parag Sharma, chief executive officer (CEO) at energy firm O2 Power.

The article discusses that high module prices, taxes, and duties are likely to result in project cost inflation for solar developers by 15-20 percent , around 2.6 Indian Rupees per unit in fiscal year 2022 as per ratings by CRISIL, Indian analytical company.

The article discusses that Orb Energy, Bengaluru based solar energy systems company, has received a follow-on loan from the U.S. International Development Finance Corp.

The article discusses that Solar panel manufacturer, Waaree Energies, has raised funds from several investors via primary funding.

The article focuses on the India Solar Market Leaderboard 1H 2021 report from Mercom India Research aimed at Indian solar industry's market leaders from the first half (1H) of the calendar year (CY) 2021 and revealing growth in solar capacity.

The article discusses that Convergence Energy Solutions Services (CESL), a state-owned energy company, plans to achieve 8.5 gigawatt (GW) of solar power capacity over the next five to six years.

The article discusses that the Uttar Pradesh aims to install solar power projects of 10,700 MW capacity by 2022, it has achieved target of 1,370 MW in the last four-and-a-half years.