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Indian solar pump manufacturer Shakti Pumps today announced increasing its capacity to procure additional DCR (Domestic Content Requirement) solar cell-based solar modules. The company today said that it has partnered with ReNew Photovoltaic Private Limited for the same. The company was earlier engaged in partnerships with Indian solar cell makers like Mundra (Adani) Solar and […]
The 2025 Budget brought forward by Union Finance Minister Nirmala Sitharaman raised new hopes for the Indian solar sector. With an increase in the budgetary allocations for the overall solar sector and higher budgets for key schemes like PM Surya Ghar, PM-KUSUM and solar power transmission infrastructure, the industry is looking at a healthy growth […]
The 2025 budget presented by Finance Minister Nirmala Sitharaman had one announcement at the end that overshadowed almost everything mentioned before. Yes, we are referring to the hike in Income Tax exemption limit for salaried individuals to Rs 12 lacs, a move that is seen as the biggest effort yet to spur domestic consumption by […]
If ever there was a better use of the term turning point, inflection point, or simply the year when everything fell into place, 2024 would probably come the closest for the Indian solar market. These 365 days proved to be a harbinger of several good news for the different stakeholders in the industry, including solar […]
Avaada Group, a company operating in India’s renewable energy landscape, has successfully completed financing/refinancing of nine of its projects across the business divisions totaling for an amount of INR 8500 Crs (~USD 1 Bn). The transactions include a mix of Utility scale IPP projects, large-scale Agri Photovoltaic projects, Merchant power generation projects, C&I projects and […]
The Odisha government has announced plans to require a minimum of four service centers for solar pump Original Equipment Manufacturers (OEMs) in the state. The Odisha Renewable Energy Development Agency (OREDA), the state’s nodal agency, has issued its latest Expression of Interest (EOI) to facilitate this initiative. The EOI invites OEMs to apply for empanelment, […]
The Odisha Renewable Energy Development Agency (OREDA) has issued a tender for off-grid solar pumps. The state nodal agency issued the tender under the PM-KUSUM scheme. The agency asked the eligible bidders to submit their bids by February 10, 2025. With this tender, OREDA plans to replace the existing diesel-run agricultural pumps with solar pumps. […]
Gujarat-based Sahaj Solar recently secured a Letter of Award (LoA) from the Tripura Renewable Energy Development Agency (TREDA) for the solarization of existing 2 HP grid-connected agricultural pumps (IPS). The company stated in a regulatory filing, “These pumps include a 5-year guarantee/warranty and an annual maintenance contract, including insurance coverage, on a turnkey basis in […]
The Jharkhand Renewable Energy Development Agency (JREDA) has decided to expand the state’s current ground-mounted solar capacity from the current capacity of 21 MW. It has now put forth a tender in this regard too. The JREDA tender sought to expand the on-grid solar projects in the state by seeking expressions of interest (EOI) from […]
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