India surpasses 72 GW solar power milestone, led by state investments

14 Dec 2023 CW Team

In the Rajya Sabha, the Union Minister for New & Renewable Energy and Power, R K Singh, announced that India has successfully reached a solar power capacity of 72.02 GW. This significant achievement comprises various sources, including 55.71 GW from ground-mounted installations, 11.08 GW from rooftop installations, 2.55 GW from the solar component of hybrid projects, and 2.68 GW from off-grid solar. The minister shared this information in response to three distinct queries.

State-specific data reveals a notable surge in solar power capacity since the fiscal year 2019-20, with considerable contributions from Gujarat, Karnataka, and Rajasthan. The upswing in installations can be primarily attributed to private sector investments, facilitated through a transparent bidding process.

Moreover, the northeastern states receive additional financial support for solar power projects through the Rooftop Solar and PM-KUSUM schemes. Although the total budget allocation for solar energy in the fiscal year 2023-24 is Rs 59.1725 billion, the distribution among states is not specified.

The government has affirmed its commitment to the development of Solar Parks and Ultra Mega Solar Power Projects, with the ambitious goal of establishing at least 50 solar parks boasting a cumulative capacity of 40,000 MW. As of October 31, 2023, approvals have been granted for 50 solar parks across 12 states, with a sanctioned capacity of 37,490 MW. Out of these, 10,237 MW of solar projects have already been commissioned in 18 solar parks.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..