India has achieved a significant milestone in rooftop solar capacity, installing 1.9 GW in the first 9 months of 2024, exceeding previous annual and 9M additions. This growth is attributed to the growth in residential installations under the PM Surya Ghar program. The Indian Ministry of Finance has imposed provisional anti-dumping duties on solar glass imports from China and Vietnam. Rajasthan has launched its Integrated Clean Energy Policy, aiming to reach 125,000 MW of renewable energy capacity by 2030. The policy includes installing 90,000 MW of solar power and 25,000 MW of wind and hybrid energy. Bondada Engineering has secured a ₹1.08 billion contract to design and install smart solar streetlights in rural Bihar. The British International Investment has committed $33.5 million to India’s electric vehicle sector, aiming to strengthen the ecosystem and drive technological advancements. Additionally, two companies, Everest Fleet and Kolkata-based Dynamic Services and Security, have received funding for solar module manufacturing and electric vehicle expansion, respectively. These developments demonstrate India’s growing commitment to renewable energy and decarbonization.
India’s rooftop solar power capacity has reached an impressive 1.9 gigawatts by the end of the third quarter of 2024, marking a significant surge.
by newsworm | Dec 7, 2024 | Energy Storage