Weekly India Updates: Operational Guidelines And Incentives For DISCOMs And Local Bodies Under PM Surya Ghar; Rajasthan Approves 500 MW Solar Deals; Major Projects Announced, And More

Operational Guidelines And Incentives For Discoms Under The PM Surya Ghar: Muft Bijli Yojana

The PM Surya Ghar: Muft Bijli Yojana, launched on 29th February 2024, aims to install rooftop solar panels in one crore households by FY 2026-27 with a ₹75,021 crore budget. Managed by a National Programme Implementation Agency, the scheme relies on DISCOMs for execution, offering incentives for their performance. The scheme includes rewards for field staff, a quarterly ranking system, and stringent transparency requirements to boost rooftop solar adoption across India.

Operational Guidelines For Incentives To Local Bodies Under The PM Surya Ghar: Muft Bijli Yojana

The PM Surya Ghar: Muft Bijli Yojana, approved on 29th February 2024, aims to boost residential rooftop solar adoption with a ₹75,021 crore budget until FY 2026-27. It allocates ₹1,000 crore in incentives to Urban Local Bodies (ULBs) and Panchayat Raj Institutions (PRIs) to promote installations. Local bodies will engage stakeholders, manage projects, and provide training. A District Level Committee will oversee implementation, with financial assistance directly transferred to local bodies for each installation.

Gujarat Proposes Fourth Amendment To Net Metering Regulations For Rooftop Solar Systems Up To 100 KW

The Gujarat Electricity Regulatory Commission’s fourth amendments to net metering regulations for rooftop solar PV systems enhance the framework for better integration with the grid. Distribution licensees must annually update transformer capacity data. For systems over 6 kW, strengthening charges apply, with costs borne by the applicant for installations above 100 kW. The minimum system capacity is one kilowatt, with a six-month completion deadline post-agreement. The amendments aim to streamline processes, promote solar growth, and support sustainable energy in Gujarat.

Government Launches PM-Surya Ghar: Muft Bijli Yojana With New Vendor Rating Programme To Boost Rooftop Solar Adoption

The PM-Surya Ghar: Muft Bijli Yojana, launched on 29th February 2024 with a ₹75,021 crore budget, aims to install rooftop solar systems in one crore households by FY 2026-27. Managed by the National Programme Implementation Agency and State Implementation Agencies, the scheme includes a Vendor Rating Program (VRP) to evaluate and rank solar vendors based on performance and quality. This program, integrated into the national portal, enhances transparency and helps consumers select reliable vendors, supporting India’s solar energy expansion.

Rajasthan Approves 500 MW Solar Power Procurement From SJVN Green Energy At ₹2.57 Per kWh

The Government of India’s PM Surya Ghar: Muft Bijli Yojana, launched on 29th February 2024, aims to boost residential rooftop solar adoption with a ₹75,021 crore budget until FY 2026-27. It includes ₹1,000 crore in incentives for Urban Local Bodies (ULBs) and Panchayat Raj Institutions (PRIs) to promote solar installations. The scheme supports local bodies in project management and training, with grants directly transferred for each installation. A District Level Committee will oversee the initiative, ensuring effective implementation and transparency.

ReNew Launches Major 400 MW Solar Project In Rajasthan

ReNew, India’s leading renewable energy company inaugurated a significant 400 MW solar project in Rajasthan on Tuesday. This project is part of a larger 600 MW Power Purchase Agreement (PPA) signed with the Solar Energy Corporation of India Limited (SECI), aiming to produce clean energy in the region for the next 25 years.

Rayzon Solar and Hero Future Energies Announce Major 200MW Solar Project in Karnataka

In a significant move towards advancing sustainable energy solutions, Rayzon Solar and Hero Future Energies (HFE) have formalized a partnership to launch a 200MW solar project in Karnataka. The agreement, finalized on July 4th, is set to play a pivotal role in the quest for greener energy, with the project expected to cut carbon emissions by approximately 350,000 to 375,000 tons annually.

JSW Neo Energy Secures SECI Contracts For 500 MW Solar Power And 250 MW/500 Mwh Storage

JSW Neo Energy has been awarded a prestigious contract by the Solar Energy Corporation of India (SECI) to develop a 500 MW solar power project with a state-of-the-art 250 MW/500 MWh energy storage system. This contract was secured through a competitive bidding process as part of SECI’s ambitious initiative to set up 1,200 MW of interstate transmission system (ISTS)-connected solar power projects with 600 MW/1,200 MWh of energy storage systems (Tranche XV).

Blupine Energy Secures $52.85 Million Financing For 120 MW Solar Project In Gujarat

BluPine Energy has successfully closed financial arrangements for its 120 MW solar power project in the villages of Panshina and Radhanpur, Gujarat. The financing, amounting to ₹436 crores (approximately USD 52.85 million), was secured from the State Bank of India (SBI), one of India’s leading banking institutions. The solar plant is projected to produce around 2.98 lakh MWh of energy annually, which will help reduce CO2 emissions by an estimated 2.7 lakh tonnes per year.

KPI Green Energy Secures 100 MW Hybrid Solar Project From Aether Industries

KPI Green Energy announced that it has received an order for a 100 MW hybrid energy project from Aether Industries. The project, which will blend solar and other renewable energy sources, is slated for completion during the 2024-25 financial year in multiple phases, according to the company’s exchange filing.

India’s RE Sector Hits New Low Tariff Milestone at ₹4.98/kWh in SECI’s 630 MW FDRE-IV Auction: JSW Neo, Vena Energy, Hero Solar Among Winners

India’s renewable energy sector hit a milestone as tariffs for “demand-following” renewable energy fell below ₹5 per unit. The Solar Energy Corporation of India (SECI) announced that its 630 MW FDRE-IV auction achieved a tariff of ₹4.98/kWh. Vena Energy Aura and Hero Solar Energy each secured 100 MW at this rate, while JSW Neo Energy won 230 MW. Hexa Climate Solutions and Serentica Renewable India 11 each won 100 MW at ₹4.99/kWh. The results highlight increasing competition and falling costs in India’s renewable energy market.

Government Launches PM-Surya Ghar: Muft Bijli Yojana With New Vendor Rating Programme To Boost Rooftop Solar Adoption

The PM Surya Ghar: Muft Bijli Yojana, launched on 29th February 2024, aims to install rooftop solar systems in 10 million households with a budget of ₹75,021 crore by FY 2026-27. The scheme allocates ₹1,000 crore for local body incentives to boost solar adoption. Managed by the National Programme Implementation Agency (NPIA) and State Implementation Agencies (SIAs), it involves ULBs and PRIs in promoting, managing, and facilitating installations. Financial assistance will be directly transferred to local bodies, with the MNRE overseeing guidelines and amendments.