Solar Installation

Apollo Green Energy Ltd (AGEL), part of Apollo International Group, on Tuesday said it is preparing for a public listing next year to support its expansion plans and secure new projects. Also, the company is set to build a Rs 10,000-crore project portfolio by 2025. "With over 200 professionals and an order book of Rs 3,500 crore, we are focused on delivering projects that meet the nation's energy needs and promote sustainability. Our upcoming IPO in 2025 will further strengthen our financial base, enabling us to scale our operations and invest in cutting-edge renewable technologies," Sanjay Gupta, CEO, Apollo Green Energy Ltd, said. AGEL is a leading Engineering, Procurement, and Construction (EPC) company specializing in renewable energy, providing a range of solutions that includes utility-scale solar, energy storage systems, green hydrogen initiatives, and hybrid power. Operating in eight states, the company manages a diverse portfolio of projects, including 400 MW of solar ...

The report titled - 'India Rooftop Solar Market' - noted that in the second quarter of 2024, 731 MW of rooftop solar was installed, an 89 per cent jump year-on-year

Rooftop solar capacity installations in India registered a 26 per cent year-on-year decline to at 367 megawatts during January-March period, mainly on account of rise in input cost, according to Mercom Capital. The country had witnessed 485 megawatt (MW) of rooftop solar installations during the first quarter of 2023, the research firm said in a report on Friday. India added 367 MW of rooftop solar in the March quarter. Installations fell nearly 10 per cent quarter-over-quarter from 406 MW and dropped over 24 per cent year-on-year from 485 MW, the report titled 'Q1 India Rooftop Solar Market' said. India's cumulative rooftop solar capacity was 10.8 GW as of March 2024. "The drop in installations was largely a result of application processing delays faced by residential customers due to oversubscription under the PM SURYA GHAR: MUFT BIJLI YOJANA programme. The rise in module prices to comply with domestic content requirements (DCR) further contributed to reduced capacity additions .

Rapid solar energy deployment in India pushed the country past Japan to become the world's third-largest solar power generator in 2023, according to a new report. The report by global energy think tank Ember said India ranked ninth in solar energy deployment in 2015. Solar produced a record 5.5 per cent of global electricity in 2023. In line with the global trend, India generated 5.8 per cent of its electricity from solar last year, as reported in Ember's "Global Electricity Review". Ember's Asia Programme director Aditya Lolla said, "Increasing clean electricity is not just for reducing carbon emissions in the power sector. It is also needed to meet the rising electricity demand in an increasingly-electrified economy and to decouple economic growth from emissions, which is crucial for tackling climate change." Solar maintained its status as the world's fastest-growing electricity source for the 19th consecutive year, adding more than twice as much new electricity worldwide as coal

The Bureau of Energy Efficiency (BEE) has added a grid-connected solar inverter to the Standards and Labeling Program, which will help consumers get better-quality products for use as part of solar rooftop systems, a statement said on Friday. The BEE under the Ministry of Power, has come out with one more Standards and Labeling Program, which aims to help consumers make informed choices considering the cost-effectiveness and energy performance of various energy-consuming appliances, thus enabling them to save energy, reduce electricity consumption and also contribute to a greener planet, a power ministry statement said. The program will help consumers in getting better-quality inverters which can be used as part of the solar rooftop system. Union Power and New & Renewable Energy Minister R K Singh said, "The S&L Programs of BEE have resulted in reduction in carbon dioxide emissions by 60 million tonnes per annum." "The other advantage is that we save money, given the quantum ..

Rooftop solar capacity addition saw a 6.25 per cent growth to 1.7 gigawatt in 2023, supported by various factors like reduced installation cost, according to Mercom Capital. The rooftop capacity addition was at 1.6 gigawatt (GW) in 2022, the US-based research firm said in its latest report. In October-December 2023, 406 megawatts (MW) of rooftop solar was added, down 15.9 per cent from 483 MW in the last quarter of 2022, the 'Mercom India Rooftop Solar Market Report' said. Cumulative rooftop solar installations reached 10.5 GW at the end of December 2023. Residential installations were the primary driver of capacity additions in 2023. However, growth was marginal as many commercial and industrial (C&I) consumers waited for module prices to stabilise to lower their capital investments. The residential segment accounted for over half of the capacity additions in 2023, followed by C&I segments. "Rapidly falling system costs, increasing electricity rates, incentives for ...

Now getting new electricity connections will be as fast as three days in metropolitan areas, seven days in municipal areas and 15 days in rural areas, according to the latest amendments in the existing norms. The government has approved amendments to the Electricity (Rights of Consumers) Rules, 2020, the power ministry said in a statement on Friday. The amendments also simplified the process of rooftop solar installations and empower consumers living in multistoried flats to chose connection type and ensure separate billing for common areas and back-up generators in residential societies, thus enhancing transparency, the ministry said. The revised rule provides for checking meters installed by distribution companies in case of consumer complaints to verify electricity consumption. According to the statement, the time period for obtaining a new electricity connection under the rules has been reduced from seven days to three days in metropolitan areas, from fifteen days to seven days

India has reported a 44 per cent fall in solar installations at 7.5 gigawatt in 2023 due to land acquisition-related issues, research firm Mercom Capital said on Thursday. According to the US-based research firm's latest report, a total of 13.4 gigawatt (GW) solar capacity was installed in the country in 2023. As of December 2023, the cumulative installed solar capacity stood at 72 GW. Of which utility-scale projects accounted for 85.4 per cent, and rooftop solar accounted for 14.6 per cent, the report said. "In 2023, large-scale solar installations fell 51 per cent to 5.8 GW from 11.7 GW in 2022. Extensions granted to several large-scale projects and delays primarily due to land (acquisition) and transmission (connectivity) issues impacted capacity additions during the year. Large-scale solar accounted for 77.2 per cent of annual solar capacity additions, and rooftop solar contributed 22.8 per cent," it said. Rajasthan followed by Karnataka, and Gujarat were the top three states f

Waaree Renewable Technologies on Monday said it has bagged a order worth Rs 547.5 crore for 412 MWp solar energy project. The company's unexecuted order book now stands at 1.161GW, according to a BSE filing. The Waaree Renewable Technologies has received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) work for Solar power plant on turnkey basis with an order value of Rs 547.5 crore, it stated. The LOA also includes operations and maintenance for a period of two years from the date of hand over, with an order value of Rs 6.798 crore. The projects are scheduled to be completed in December, 2024 as per the term of the order. The company also stated that the order is awarded by one of the global leading biggest utility in the world in renewable energy. However, it did not specify the name of the firm. But it has disclosed to the BSE that it is a domestic order.

CM Kejriwal said the aims of Delhi Solar Policy 2024 are to reduce Delhi's air pollution and help fight inflation by bringing the electricity bills of non-subsidized residential consumers to zero

The project involves connecting several ghats that were previously segmented, with the administration seamlessly linking them together from Guptar Ghat to Jhunki Ghat

India has reported a 47 per cent fall in solar installations at 5.6 GW during January-September 2023, amid delay in project execution, according to research firm Mercom India. The installations were also down in the July-September quarter this year at 1.9 GW, a 34 per cent fall, over 2.8 GW solar capacity installed in the same period a year ago, the research firm said. However, on a quarter-on-quarter (QoQ) basis, the installations increased almost 6 per cent compared to 1.8 GW in Q2 2023. "During the first nine months of 2023, 5.6 GW of solar was installed in India. Solar capacity additions fell nearly 47 per cent compared to 10.5 GW installed in 9M 2022," Mercom India Solar Market Update report said. The utility-scale installations dropped more than 54 per cent year-over-year (YoY) to 4.2 GW. "Barring significant negative developments, installations in 2024 should grow exponentially. Declining prices (of ped products) are now the cause of slower growth (compared to rising prices

Diversification of solar manufacturing and supply chains besides building adequate renewable energy storage are necessary to meet the net zero emission targets, Union Minister R K Singh told ISA member countries on Wednesday. Without these, the net zero target is going to remain only a goal, Singh, who is the president of the International Solar Alliance (ISA), said. "Net zero will remain only a goal unless the world gets together to solve the problems of lack of diversification of solar manufacturing capacity and associated supply chains," Union Power and New & Renewable Energy Minister said at a session of the ISA conference. The ISA president also said that storage remains critical for greater utilisation and round-the-clock provision of renewable energy. The developed world kept talking about the need for energy transition, they did not do anything about it. "Today, about 90 per cent of the solar manufacturing capacity is in one country, mostly dependent on one chemistry, ...

The solar installations are expected to be commissioned by mid-2025 and will generate a substantial amount of clean energy annually, said the company

Declining installation and project delays impact India's solar industry growth, according to the 'Q1 2023 India Solar Market Update' report by Mercom India

The rooftop solar capacity installations fell to 1.09 gigawatt during January-September 2022 due to reasons like supply chain disruption in solar modules and delay in tenders by state implementing agencies, Parliament was informed Thursday. At 1.09 GW, the installation was over 4 per cent lower compared to 1.14 GW in the nine-month period of 2021, according to the data shared by Minister for New and Renewable Energy R K Singh in Lok Sabha. "The reduction in rooftop solar capacity installation during 2022 compared to installations during 2021 as mentioned above is due to various factors including present supply chain disruption in solar modules, delay in tenders by state implementing agencies under Rooftop Solar Programme Ph-II, delays in approvals and installation of net-meters by DISCOMs, etc," Singh said in a written reply to a question. The minister further said that his ministry has taken several steps to enhance rooftop solar installations in the country, which include followin

According to data from the ministry of power, India has installed wind and solar capacities of 41.205 GW and 59.303 GW, respectively

Solar capacity installations in the country rose by 59 per cent to record 7.2 gigawatt (GW) during first half of 2022, according to Mercom India Research. In January-June or H1 of 2021, the country had added 4.5 GW solar capacity, the research firm's 'Q2 2022 India Solar Market Update' released on Thursday said. The solar installations in April-June period of 2022 also increased by 59 per cent to over 3.9 GW compared to 2.4 GW installed in second quarter of 2021. "The sector has witnessed the highest ever quarterly and half-yearly solar capacity additions," it said. India's cumulative installed solar capacity now stands at 57 GW. "Even with mounting challenges from supply constraints and rising costs, India had its best quarter and first half ever for solar," said Raj Prabhu, CEO of Mercom Capital Group. Cumulative large-scale solar PV installations in Rajasthan reached almost 13 GW as of June 2022, and the state accounted for almost 27 per cent of the total installations in the

India's solar open access installations witnessed a sharp growth during 2021 with the country adding 1.2 gigawatts (GW) of open access solar capacity during the year, according to Mercom India.

The decline is worrisome given that the deadline for meeting the ambitious target of 175 Gw of renewable capacity is barely two years away