Solar investments to hit $500 bn next year: ISA ex-DG
With the PLI scheme, India’s solar cell production capacity is expected to reach 40 GW by next year, up from the present capacity of 7 GW.
With the PLI scheme, India’s solar cell production capacity is expected to reach 40 GW by next year, up from the present capacity of 7 GW.
China, the European Union, the United States and India, which have made big investments in this sector are going to benefit from this big business opportunity.
ISA works with governments to improve energy access and security worldwide and promote solar power as a sustainable transition to a carbon-neutral future.
The US Department of Commerce has announced that Chinese-made electric vehicles would attract 100% import duty, on solar cells 50% and 25% on EV batteries, critical minerals, aluminium and steel.
The IPO of Premier Energies was booked 75 times, led by 212.42 times subscription in the QIB portion.
The Union Cabinet had approved PM Surya Ghar Muft Bijli Yojana on February 29, which will envisage providing free electricity up to 300 units every month for one crore households.
This will boost domestic solar equipment manufacturing and India's pursuit to achieve self-sufficiency in the sector.
India's RE capacity addition to speed up from next year with 50GW tendering and capacity addition every year till 2030
Implementation had slowed in FY22 and FY23 due to the Covid-19 pandemic-related disruptions and challenges stemming from the efforts to protect the Great Indian Bustard bird.
Green Energy Corridor (GEC) Phase-II project is targeted to be set up by 2029-30 with a total estimated cost of ₹20,773.70 crore