India adds 20 GW of solar in 12 months to October
Indian PV developers installed 20 GW of solar in the 12 months to October, bolstered by a strong project pipeline. SBI Capital Markets projects 50 GW of combined solar and wind capacity additions in fiscal 2025 and 2026.
India’s renewables share reaches 45%
India’s installed power generation capacity hit 453 GW as of September 2024, with renewables (including large hydro) accounting for 45% of the total.
Indian utility seeking consultants for floating solar projects
THDC India Ltd. is seeking technical consulting agencies to submit expressions of interest (EOI) to prepare detailed project reports on floating solar projects across India.
Ecoprogetti delivers 300 MW solar panel production line to India’s SAEL
Ecoprogetti has shipped a 300 MW solar panel production line to India’s SAEL, designed to manufacture glass-glass bifacial panels using tunnel oxide passivated contact (TOPCon) M10 cells.
Adani calls US bribery allegations ‘baseless’
Adani Group has described recent US allegations of bribery for solar contracts as “baseless” and announced plans to pursue legal action in response.
Gautam Adani indicted in US for alleged solar-related bribery scheme
Gautam Adani faces an indictment in the United States over claims it led a scheme to bribe Indian officials to secure multibillion-dollar solar contracts. The charges allege the group concealed its actions while seeking capital from US and global investors.
India on track to hit 132 GW of solar by 2026, says ICRA
ICRA, an Indian credit rating agency, says India could add 22 GW of solar capacity in fiscal 2025 and 27.5 GW in fiscal 2026, pushing the nation’s total installed PV capacity to 131.5 GW by March 2026, up from 82 GW as of March 31, 2024.
Premier Energies to enter aluminum frame manufacturing
Premier Energies, a solar cell and module manufacturer in India, will set up an aluminum frame factory with an annual capacity of 36,000 metric tons for captive consumption.
Tata Power unit commissions 126 MW of floating solar in India
Tata Power Renewable Energy has completed a 126 MW floating PV array in Omkareshwar, India. The installation features 213,460 bifacial glass-to-glass modules.
India’s PV module exports continue to surge
India’s PV module exports surged 23-fold from fiscal 2022 to fiscal 2024, positioning the nation to potentially replace Southeast Asian countries as a top solar exporter to the US market, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research.
