india

The Global Solar Council announced that it will launch the International Solar Finance Group at the COP29 conference in Baku, Azerbaijan

The Indian states of Rajasthan and Gujarat need a “concerted effort” to maintain their central roles in the country’s energy transition, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

Figures in the Energy Technology Perspectives 2024 (ETP-24) report show the global market for renewables will triple over the next ten years.

2023 was a 'record year' for solar installations, dominated by China which is 'well above the sum of all other markets globally', the IEA said.

At the end of September, total global corporate funding for the sector stood at US$22.3 billion, down from US$28.9 billion at the same point in 2023.

In its World Energy Outlook 2024 report, the IEA said that geopolitical tensions and fragmentation are “major risks” for international energy supply security

Indian solar manufacturer Gautam Solar has announced plans to expand its module manufacturing capacity to 5GW by April 2025.

India’s state-owned company the National Hydroelectric Power Corporation (NHPC) has issued a tender seeking up to 2.4GW of solar PV capacity across India.

DNV's report shows that 2024 is a landmark year, but the energy transition still faces financial and political headwinds.

As of H1 2024 India has reached an annual nameplate capacity of 77.2GW for modules and 7.6GW for solar cells, according to Mercom India.