The US and Indian authorities have jointly launched a renewable energy technology action platform, with an initial focus on green hydrogen, wind power, long-duration energy storage, and the exploration of geothermal energy.
CRISIL Ratings says that it expects about 20 GW of new renewable energy capacity in India in fiscal 2024 and fiscal 2025, with roughly 16 GW of solar and the remainder from wind in the current 12-month period, up 33% from the 15 GW installed in fiscal 2023.
Mukesh D Ambani, the chairman and managing director of Reliance Industries, says the company aims to open a fully integrated solar gigafactory by the end of 2025. It also plans to initiate megawatt-level sodium-ion cell production by 2025.
India installed 6.8 GW of solar capacity in the first half of 2023, down 15% year on year, according to JMK Research.
In 2022, off-grid solar kit sales reached a record-breaking 9.5 million units. This is almost 1 million more than the 8.5 million units sold in 2019.
Indian manufacturer Navitas Solar has collaborated with US-based Sustainable Equity and Colby Solar to set up a module factory with a manufacturing capacity of 1.2 GW per annum.
India installed 3.6 GW of solar capacity in the first half of 2023, down 53% year on year, due to project extensions for numerous large-scale initiatives.
India’s OGO Energy has developed modular battery energy storage systems with smart management capabilities. Up to five battery modules of 5.12 kWh each can be combined for a total storage capacity of 25.6 kWh.
Adani Green Energy has commissioned a 2 GW solar cell and PV module factory in the Indian state of Gujarat via its associate company, Mundra Solar Energy.
SJVN, an Indian state-run hydropower producer, is now moving forward with a 1 GW solar project in Bikaner district, in the Indian state of Rajasthan. The $661.61 million installation is scheduled to become operational by September 2024.
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