India Allocates 1.5 GW Solar Power

10 Apr 2024 CW Team

The allocation, announced by the Indian government, marks a remarkable milestone in the nation's renewable energy journey. The substantial capacity allocated at such a competitive tariff further solidifies India's position as a global leader in renewable energy deployment.

The auction process for the 1.5 GW solar capacity witnessed intense competition among industry players, reflecting the growing interest and confidence in India's solar energy market. The record-low tariff achieved in this auction demonstrates the remarkable cost competitiveness of solar power in India, making it an increasingly attractive option for investors and developers.

This significant allocation is poised to accelerate India's transition towards a greener and more sustainable future. The deployment of 1.5 GW of solar power capacity will not only bolster India's energy security but also contribute significantly to reducing its dependence on fossil fuels, thereby mitigating the environmental impact associated with conventional energy sources.

Furthermore, the expansion of solar power capacity will create numerous job opportunities and drive economic growth across the country. With the government's unwavering commitment to promoting renewable energy, India is poised to emerge as a global hub for clean energy innovation and investment.

In conclusion, India's allocation of 1.5 GW of solar power capacity at a record-low tariff underscores its steadfast commitment to transitioning towards a sustainable and renewable energy future. This significant milestone heralds a new era of growth and development in India's solar energy sector, paving the way for a cleaner and greener tomorrow.

India's commitment to renewable energy continues to soar as it allocates 1.5 gigawatts (GW) of solar power generation capacity at an unprecedentedly low tariff of 0.031/kWh. This significant move underscores India's relentless pursuit of clean and sustainable energy solutions, aligning with its ambitious targets to reduce carbon emissions and combat climate change. The allocation, announced by the Indian government, marks a remarkable milestone in the nation's renewable energy journey. The substantial capacity allocated at such a competitive tariff further solidifies India's position as a global leader in renewable energy deployment. The auction process for the 1.5 GW solar capacity witnessed intense competition among industry players, reflecting the growing interest and confidence in India's solar energy market. The record-low tariff achieved in this auction demonstrates the remarkable cost competitiveness of solar power in India, making it an increasingly attractive option for investors and developers. This significant allocation is poised to accelerate India's transition towards a greener and more sustainable future. The deployment of 1.5 GW of solar power capacity will not only bolster India's energy security but also contribute significantly to reducing its dependence on fossil fuels, thereby mitigating the environmental impact associated with conventional energy sources. Furthermore, the expansion of solar power capacity will create numerous job opportunities and drive economic growth across the country. With the government's unwavering commitment to promoting renewable energy, India is poised to emerge as a global hub for clean energy innovation and investment. In conclusion, India's allocation of 1.5 GW of solar power capacity at a record-low tariff underscores its steadfast commitment to transitioning towards a sustainable and renewable energy future. This significant milestone heralds a new era of growth and development in India's solar energy sector, paving the way for a cleaner and greener tomorrow.

Resources

24 Oct 2025

Blum Experience Centre Opens in Kanpur

Furniture fittings major Blum has expanded its presence in Uttar Pradesh with the opening of Elika by Ajanta Agencies, an authorised Blum Experience Centre in Kanpur. The centre offers homeowners, interior designers, and architects an opportunity to experience how high-quality fittings can transform comfort and functionality in modern living spaces. The experience centre showcases Blum’s signature innovations including the LEGRABOX drawer systems, SERVO-DRIVE motion technologies, SPACE STEP dual-purpose drawer and step solution, and SPACE TOWER tall pantry unit. Visitors can explore erg..

Infrastructure Transport

24 Oct 2025

Kapsch TrafficCom Opens Four New Toll Plazas in Serbia

Kapsch TrafficCom has opened four new toll plazas along Serbia’s Moravski Corridor, marking another milestone in the country’s ongoing road infrastructure development. The corridor, a 112.4 km motorway in central Serbia, links the east-west axis with the north-south corridor between Hungary and North Macedonia, connecting the A1 and A2 highways and improving access between Belgrade and the Zlatibor mountain region. Ivan Katalina, Sales Manager Balkans, Kapsch TrafficCom, said, “The implementation of the tolling systems is proceeding smoothly and on schedule. Our local expertise, com..

Infrastructure Urban

24 Oct 2025

Megaliter Varunaa Secures Rs 15 million Seed Funding for Urban Water Circularity

Hyderabad-based Megaliter Varunaa, a subsidiary of NSE-listed Banka BioLoo Limited and mentored by Brigade REAP, has raised Rs 15 million in seed capital from long-term institutional investors. The funding will accelerate project development, technology innovation, and business expansion in urban water management. Megaliter Varunaa transforms sewage treatment plants into circular water utilities through its flagship ‘Megaliter Model’—a zero-CapEx, subscription-based solution that maximises wastewater reuse for non-potable applications such as flushing, landscaping, and chiller syste..