Vinay Rustagi News Today

In an interview, PM Modi said he aims to slash electricity bills to zero by ensuring every household draws renewable power from rooftop solar panels.

Experts say this is a significant dent in the countrys ambitions, but some are confident that the shortfall can be made up this year.

For years, renewable projects in India have been growing steadily, from small-town rooftop solar installations to large-scale projects across the desert and long stretches of wind turbines and solar panels on farmland all contributing to the country's climate goal of transitioning to clean energy.

Solar PV accounted for 55.8% of the total power generation capacity added to the Indian grid in 2023, including fossil fuel additions.

Amazon has become the largest buyer of renewable energy in India, and is on track to meet its 100% renewable goal target by 2025 globally. Amazons rapid sign-up of seven utility-scale renewable energy projects since September 2022 has taken the market by surprise. However, Amazons early days in the corporate renewable energy market in India were not without some teething issues.

Allegations of fraud at Indian conglomerate Adani Group are unlikely to cause any perceptible damage to India’s long-term solar growth.

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Gautam Adani and his companies lost tens of billions of dollars and their stock plummeted...

BENGALURU, India (AP) — When the bidders for India’s multibillion-dollar incentive to make solar components were announced in early March, the absence of corporate behemoth Adani Group was conspicuous. The group — which set up a gigantic factory to make solar equipment in 2016, more than tripled its capacity to make solar panels since 2017 […]

Gautam Adani and his companies lost tens of billions of dollars and their stock plummeted after the businesses were accused of fraud and stock price manipulation