Due to the favourable policies initiated by the Indian government and commitment, the SIZ industry in India is becoming hot destinations for domestic and global investors. The below article provides a basis for the research of the Indian Solar market and identifies potential investment opportunities.
GOVERNMENT INITIATIVES AND POLICIES
More so, Indian government has been very active in the promotion of the generation of solar energy. The National Solar Mission launched in 2010 installed plans to make India a world hubs in solar energy. The target of the mission was changed in 2015 to an installed capacity of 100 GW by the year 2022 which clearly shows the commitment of the government toward renewable energy. The target on it comprises 40GW Roof Top Solar Plant and a 60GW Large and Medium Integrated Grid Solar Plant.
MARKET GROWTH AND POTENTIAL
The solar power has registered phenomenal growth in India. According to the data collated as on December 2023, India has commissioned about 60 GW of solar power as against only 2.6 GW in 2014. This growth is due to policy promotion, the continuous decrease in the cost of solar PV systems, and much more investors paying attention to this industry. According to the IEA estimates, India could reach about 255 GW of solar power by 2040 which will make the country one of the largest solar markets of the world.
FINANCIAL INCENTIVES AND SUPPORT
Denne historien er fra September 08, 2024-utgaven av The Sunday Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 08, 2024-utgaven av The Sunday Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
IMPACT OF AI ON SOLAR MODULE MANUFACTURING EFFICIENCY
As the world increasingly turns to renewable energy sources, solar power has become a leading solution in the fight against climate change.
OPTIMAL COMMUNICATION IS GOLD STANDARD FOR ALL CENTRAL BANKERS: RBI
MUMBAI Optimal communication is the gold standard for all central bankers, said Reserve Bank of India's Deputy Governor, Michael Debabrata Patra on Friday.
Meeting of ASEAN-India Trade in Goods Agreement committee concludes
NEW DELHI The 6th meeting of the ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee concluded in New Delhi, with leaders urging an expedited review process to conclude negotiations by 2025.
MILEY ON RELATIONS WITH EX-HUSBAND
LOVE WASHINGTON: Singer-songwriter and actor Miley Cyrus opened up about her realtionship with ex-husband Liam Hemsworth and recalled falling in love with him on the set of the 2010 film 'The Last Song'.
Apathetically yours, yet foes forever
Talk of taking your own sweet time, of paying no heed (actually quite ignoring it) to the calendar! Yes, here I speak of the very late setting in of the much-awaited Delhi winter.
Ola Electric lays off 500 employees amid restructuring efforts
NEW DELHI According to sources familiar with the matter, Ola Electric Mobility is cutting 500 jobs across various verticals and levels as part of an ongoing restructuring process.
Royal Enfield Motoverse 2024 kicks off in Goa
Motorcycling enthusiasts have plenty to celebrate as Royal Enfield’s flagship annual community event, Motoverse 2024, takes center stage in Vagator, Goa.
Seventh generation: The all-new BMW M5 launched in India
GURUGRAM The all-new BMW M5 was launched in India.
HMSI releases teaser of Honda Activa Electric
NEW DELHI Honda Motorcycle and Scooter India (HMSI) has teased its much-awaited electric two-wheeler, the Honda Activa Electric, ahead of its official debut on November 27.
Mahindra reveals sketches of its upcoming cars
CORRESPONDENT NEW DELHI Mahindra has stirred excitement in the automotive world by unveiling teaser sketches of its forthcoming Electric Origin SUVs--the BE 6e and XEV 9e which are unveiling officially on November 26.
