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India installed about 14.7 GW of solar capacity in fiscal 2024. This included 11.7 GW of utility-scale solar installations and 3 GW of rooftop solar. The top three states for new additions were Gujarat (4.8 GW), Rajasthan (3.4 GW), and Madhya Pradesh (0.8 GW), according to JMK Research & Analytics. As of March 31, 2024, about 68.2 GW of utility-scale solar capacity had been commissioned in India, while another 65.6 GW is under pipeline (where auctions are completed). JMK said India will commission about 16.9 GW of new utility-scale solar projects and 4 GW of rooftop or onsite solar projects in the year ending March 31, 2025. https://lnkd.in/e4kSMeTu #SolarEnergy #India #OdinGlobal

One of India's first solar power plants was built in Bengal. India's journey towards renewable energy began with the establishment of its first solar power plant in 1989, located in Kalyanpur, West Bengal. This pioneering project, developed by the West Bengal Renewable Energy Development Agency (WBREDA), was a modest 25 kW plant. Although small in scale, it represented a bold step towards harnessing solar energy, aiming to reduce reliance on fossil fuels and provide a cleaner energy source. Over the years, the solar energy sector in India has witnessed exponential growth, with the country emerging as a global leader in solar energy production. Significant milestones include the National Solar Mission, launched in 2010, which aimed to establish India as a global leader in solar energy. The initial target of 20 GW of solar power by 2022 was later revised to 100 GW due to rapid progress. The Bhadla Solar Park in Rajasthan, with a capacity of 2,245 MW, is now the world's largest solar park, highlighting India’s commitment to large-scale solar power generation. The growth of the solar sector has created numerous job opportunities, boosted local economies, and attracted significant foreign investments. Environmentally, it has reduced greenhouse gas emissions, decreased air pollution, and conserved water resources. Over the years, India has made remarkable progress in solar energy, positioning itself as a global leader. The continued focus on solar power promises a sustainable and bright future for India. #SolarEnergy #RenewableEnergy #India #Sustainability #CleanEnergy

INDIA's SOLAR POTENTIAL (Source: MNRE Akshay Urja Portal) As per Ministry of New and Renewable Energy (MNRE) Akshay Urja Portal, India has the potential to generate 749 GW of power from solar. India had achieved 81.81 GW from solar installation till March, 2024. India had doubled its capacity from FY2021 to FY2023 but had utilised only 11% of its potential. 5 states account for 55% of the potential 1. Rajasthan- 142.3 GW 2. Jammu & Kashmir- 111.1 GW 3. Maharashtra- 64.3 GW 4. Madhya Pradesh- 61.7 GW 5. Andhra Pradesh- 38.4 GW 6. Gujarat- 35.8 GW Rajasthan being the biggest state and having the largest potential, had just utilised 15% of its potential capacity. Solar is the world's fastest growing energy source & we have a very huge potential for Solar in India.       #India #Solar #SolarPotential #SolarPower #RenewableEnergy #SolarPV #SolarGeneration #Jindalrenewable

Solar energy is taking off in India!  Rajasthan Urja Vikas and IT Services (RUVITL) is leading the way with a strategic initiative to meet future electricity demands. They are launching a Tariff-based Competitive Bidding (TBCB) Process, aiming to develop 8,000 MW of solar projects in Rajasthan and procure thermal power. ->Bidders are expected to demonstrate their versatility by offering full coal-based and solar energy capacities. ->Separate bidding documents for coal (RFQ, RFP, PSA) and solar (RFS, PPA) power. ->Projected Tariffs include thermal power at INR 4.00/kWh and solar power at INR 2.50/kWh. ->Financial bids will determine the Weighted Average Tariff based on capacities. This initiative marks a significant step towards sustainable energy solutions and meeting Rajasthan's future power needs.

Adani Green Energy Ltd. Scores Big With $400 Million Solar Power Play! ☀️ #GreenFinancing #RenewableEnergy Adani Green Energy is leading the charge towards a brighter future! They've secured a whopping $400 million in funding for their massive 750 MW solar projects. Sun Power on Steroids: Solar Powerhouse: This project will be a game-changer, generating clean energy to power thousands of homes! Spreading the Sunshine: The projects are spread across Rajasthan and Gujarat, ensuring a wider reach for clean energy. Global Green Support: A consortium of international banks is backing this initiative, showcasing the global commitment to renewable energy. Project Details That Shine 500 MW Project with a Long-Term Vision: One project boasts a 500 MW capacity and a long-term power purchase agreement, ensuring stability and reliability. 250 MW Merchant Power Project in Gujarat: The second project demonstrates Adani Green Energy's commitment to a diverse renewable energy portfolio. India's Renewable Energy Leader: With a current portfolio of 10,934 MW, Adani Green Energy is a frontrunner in India's clean energy revolution! This is a major win for sustainable energy! Adani Green Energy is paving the way for a greener future. Let's all celebrate their commitment to #SolarEnergy! **#ClimateAction #SustainabilityGoals #RenewableEnergyInvestment ** https://lnkd.in/g_eHGwZu What are your thoughts on the importance of financing renewable energy projects? Share your comments below!

The estimate has been provided by the National Institute of Solar Energy (NISE), on the basis of data from Waste Land Atlas of India 2010. Rajasthan tops the list with 1,42,310 MW, followed by the Union Territory of Jammu & Kashmir in second spot with 1,11, 050 MW, while Maharashtra is placed third with a potential of 64,320 MW. The other states that figure in the country’s top 10 list for solar power potential are: Madhya Pradesh (61,660 MW), Andhra Pradesh (38,440 MW), Gujarat (35,770 MW), Himachal Pradesh (33,840 MW), Odisha (25,780 MW), Karnataka (24,700 MW) and Uttar Pradesh (22,830 MW). https://lnkd.in/dKaRuduA

India Solar Map - December 2023   Our latest info-graphic report covers growth of utility scale #solar sector – national and state-wise commissioned and pipeline capacity, leading market players and portfolio details of top 16 project developers. Capacity addition in 2023 fell 51% YOY to 5,924 MW taking total utility scale solar capacity to 59,840 MW. Total project pipeline stands at a record 74,161 MW.   Key highlights:   ✔#Rajasthan, #Gujarat and #Tamil Nadu are the top three states for capacity commissioned in 2023 with a combined market share of 66%. ✔#Openaccess capacity addition touched a high of 3,191 MW in 2023. Gujarat, Tamil Nadu, Maharashtra, Karnataka and Uttar Pradesh were the five leading states for new #openaccess projects. ✔CleanMax, Jinko Solar Co., Ltd., Sungrow Power Supply Co., Ltd. and TATA Power were the top players across project development, module supply, inverter supply and EPC businesses respectively for projects commissioned in 2023. ✔Adani Green Energy Ltd., NTPC Limited, ReNew and Azure Power have the largest solar pipeline capacity at 10,700 MW, 8,168 MW, 5,048 MW and 4,546 MW respectively. ✔Share of imported modules in the year continued to remain high at 83%. ✔The EPC business remains highly fragmented with share of top ten players at only 35%.   You can download full report by clicking the link below: https://lnkd.in/gSrWfwSu #Tenders #renewablenergy Vinay Rustagi | Arunima Sinha | Shubhi Verma

Adani Solar Expands Operations in Kerala with Almiya Group Partnership Adani Solar, the solar PV manufacturing division of the Adani Group, announced its expansion into Kerala, citing the state’s significant potential in the solar energy market. The company signed a Memorandum of Understanding (MoU) with the Kochi-based Almiya Group, a well-known solar distributor, to solidify its presence in the region. As part of its expansion strategy, Adani Solar plans to install a 225 MW solar power plant in Purapura within a year. Additionally, the company has established a warehouse in Coimbatore to ensure faster delivery of solar panels to Kerala and Tamil Nadu. “We are expanding our business in Kerala. […] Read the full story here: https://lnkd.in/dNkeyneG #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #adanisolar #almiyagroup #india #mou #renewableenergy #solarenergy

#REUpdate JMK Research & Analytics has released its Annual India Solar Report Card CY 2023. Key highlights from the report are: As of December 31, 2023, about 60.9 GW of utility-scale solar capacity has been commissioned in India, while another 64 GW is under pipeline (where auctions are completed). As of December 31, 2023, Rajasthan has maximum installed solar capacity of 17.4 GW followed by Karnataka (8.9 GW) and Gujarat (6.9 GW). In CY2023, about 6.5 GW of utility-scale solar capacity and another 3 GW of rooftop solar capacity were added in India. In CY2023, the top three states with maximum installed solar capacity were Rajasthan (2.4 GW), Gujarat (1.3 GW), and Maharashtra (0.9 GW). For next year i.e. CY2024, about 15.9 GW of new utility-scale solar projects and 4.2 GW of rooftop/ onsite solar projects are expected to be commissioned. Modules:  Jinko, Longi and Trina were the top three module suppliers in India in CY2023. Chinese/ International players have shown significant increase in sales in CY 2023 due to the suspension of ALMM order until March 2024. Module Export: In CY2023, the top 3 players i.e. Waaree, Adani and Vikram Solar, have contributed solar modules exports of about 60-65% of their total production in CY2023. Inverters: Sungrow, Sineng and FIMER were the top three inverter suppliers in India in CY2023. Project Developers: Adani, ReNew and UPC Renewables were the top three project developers with maximum solar projects commissioned in India in CY2023. Utility-Scale EPC Contractors: Waaree, Sterling & Wilson and Vikram Solar were the leading third-party EPC contractors for utility-scale solar projects in India in CY2023. #renewableenergy #solar #report #card #installation #capacity #modules #inverters #project #developers #epc #india

Reflecting on India's remarkable solar energy☀️ journey, it's inspiring to see how far we've come. Starting with the first solar power plant in Kalyan, Maharashtra, in 1987, our nation has made significant strides in harnessing solar energy. In 2003, Bharat Heavy Electricals Limited set up the first solar photovoltaic module manufacturing unit in Bangalore, paving the way for domestic production of solar panels. The launch of the Jawaharlal Nehru National Solar Mission (JNNSM) in 2010 set ambitious targets to promote solar energy. A special mention goes to 2011 when Kartik, Gaurav, and Soumitra started Claro Energy . What began as a vision has grown into one of India's leading off-grid solar renewable companies, with over 35,000 solar irrigation pumps installed nationwide. By 2013, the Charanka Solar Park in Gujarat became the largest solar power plant in the world. Our solar capacity reached a significant milestone of 5 GW in 2016, highlighting the effectiveness of government policies and incentives. The Kurnool Ultra Mega Solar Park in Andhra Pradesh, inaugurated in 2018, further solidified our position as a global solar leader. Fast forward to 2020, and India’s solar capacity surpassed 35 GW, placing us among the top solar energy producers worldwide. The launch of the PM-KUSUM Scheme in 2022 aimed at promoting decentralized solar power production and supporting farmers. Looking ahead, we are on track to surpass 100 GW of solar capacity by 2024, demonstrating our unwavering commitment to renewable energy. These milestones are not just numbers; they represent our collective effort towards a greener, sustainable future. Proud to be part of this journey and excited for the many milestones yet to come. 🌱🔋 #SolarEnergy #RenewableEnergy #Sustainability #GreenFuture #India #SolarPower #ClaroEnergy #CleanEnergy #GreenIndia #SolarMilestones