India Allocates 1.5 GW Solar Power
POWER & RENEWABLE ENERGY

India Allocates 1.5 GW Solar Power

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.

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.

Next Story
Real Estate

Driven Opens Dubai’s Largest Real Estate Office in Downtown

Driven | Forbes Global Properties has officially inaugurated its new 43,000-sq-ft headquarters in Downtown Dubai, just steps away from the Burj Khalifa. Spread across two floors, the office now holds the distinction of being Dubai’s largest real estate workspace. The move follows the firm’s AED 505 million acquisition of Emaar Square Building 3 in November 2024. This strategic expansion marks a significant milestone in the company’s long-term growth plan and reflects its deepening commitment to the UAE’s evolving real estate market. As Dubai moves steadily toward becoming a tier-o..

Next Story
Resources

Johnson Controls Marks 140 Years of Innovation Globally

Johnson Controls (NYSE: JCI), the global leader in smart, healthy, safe and sustainable building solutions, is celebrating 140 years of innovation and global impact. Since its founding in 1885, the company has pioneered building advancements—from developing the first automatic sprinkler system to the first room thermostat—and today delivers a broad portfolio of HVAC systems, fire protection, and smart security solutions across the full building lifecycle. As Singapore celebrates SG60, marking 60 years of independence, Johnson Controls congratulates the nation and highlights its ongoin..

Next Story
Equipment

MHI to Supply Water Pumps for China’s Sanmen Nuclear Plant

Mitsubishi Heavy Industries, (MHI) has secured an order to supply four circulating water pumps (CWPs) for Units 5 and 6 of the Sanmen Nuclear Power Plant in China. The order has been placed in collaboration with Dongfang Electric Machinery Co. (DFEM), a core company of the Dongfang Electric Group, one of China’s top three heavy electrical equipment manufacturers. This marks the first collaboration between MHI and DFEM, under which both companies plan to jointly expand their presence in the circulating water pump market for nuclear power plants in China. The Sanmen Nuclear Power Pla..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?