In 2019, India set a goal to reach 500GW of renewable energy capacity by 2030, which would provide half of its electricity needs. This made India the world’s leader in
The winners of India’s PLI scheme have mostly included supply chain partners and service providers from China. Major players in the renewable energy industry, including Reliance New Energy Solar, Tata
According to India’s Minister of New & Renewable Energy and Power (MNRE) during the 2022-23 financial year, approximately 12.78 GW of solar power generation capacity was added in the country.
The Directorate of Revenue Intelligence (DRI) is investigating several solar companies for potentially avoiding customs duty on imported parts for solar panels. The probe is in connection with underpayment of
During the interim budget presentation in 2024, the Finance Minister announced several initiatives promoting sustainable energy and electric mobility. One of the notable initiatives is the plan to install rooftop
Prime Minister Narendra Modi recently announced the launch of the “Pradhanmantri Suryodaya Yojana,” a rooftop solar scheme aimed at installing solar panels on one crore households. This announcement has given
New RFS Issued Figure 1.1: New Renewable Energy (RE) tenders issued in June 2023 Auction Completed About 2000 MW of Renewable Energy tenders were auctioned in June 2023. Out of
In a move towards increasing non-fossil fuel based installed capacity by 2030, India has announced plans to add 58 GW of wind energy capacity over the next seven years. This