The Commercial and Industrial (C&I) renewables market in India is expected to grow by 47GW over the next five years, as policy tailwinds and decarbonisation targets spur growth.
Indian independent power producer Hero Future Energies has planned to invest INR30,000 crore (US$3.6 billion) in renewables in the Indian state of Andhra Pradesh.
Solar capacity will remain a key focus of the Indian government’s spending this year, but some existing challenges for the industry could still hamper growth, according to experts.
A number of solar module manufacturers have reportedly bid for financial incentives offered by the Indian government to expand domestic manufacturing of solar panels.
Husk Power CEO explains how a portfolio of 200 solar mini-grids in India, Tanzania and Nigeria are now investible, unlocking the door to scaling in a sector that is key to national electrification programmes in emerging economies.
German research body Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) has signed a letter of intent (LoI) with the Indian Department of Science and Technology (DST) to pursue developments in green hydrogen technology in the country.
India needs to issue more renewable energy tenders if it is to meet the government’s target of 450GW of installed capacity by 2030, as the changing preferences of distribution companies have seen less uptake and states have been inconsistent in fulfilling purchase obligations.
Indian renewable energy independent power producer ReNew Power has narrowed its net loss in Q3 FY23 year-on-year, while there was an increase in total income due to expanded operating capacity.
