india

Indian energy conglomerate Jakson Group will invest US$240 million to establish a 2.5GW solar cell manufacturing facility in India. It will also expand its module assembly capacity to 2GW.

Reliance Industries is on track to open solar and battery storage production facilities by the end of this year and next, respectively.

Both companies aim to build the 1,150MW solar PV portfolio in the Khavda region, which is located in the western Indian state of Gujarat.

Despite India’s ambitious solar targets, challenges remain on policy, financing and grid infrastructure. Simon Yuen talks to experts in the solar industry to examine the challenges and opportunities in the Indian market.

In its 3Q 2024 Global PV Market Outlook, the commodity market research firm BNEF has revised its target for solar PV additions in 2024 to reach 592GW.

Tech giant Microsoft has signed agreements with RenNew in India and EDP Renewables in Singapore to secure 637.6MW of solar PV energy in Asia.

India’s cumulative installed solar capacity stood at 87.2GW by the end of June 2024 and accounts for 19.5% of all power capacity installed.

Vikram Solar has launched its latest product, the Suryava module, which is the company’s first product to use heterojunction (HJT) cells.

India added around 12.2GW of new solar capacity in the first half of the year, according to figures from JMK Research.

Blueleaf Energy has reached financial close for a 200MW solar-plus-wind hybrid project, under development in Madhya Pradesh, India.