India's Solar Energy Share to Reach 46% by 2047

08 Aug 2024 CW Team

In a forward-looking move, the share of solar energy in India's power capacity is projected to hit 46 percent by the year 2047, totaling a massive 856 gigawatts (GW). This projection comes from the ?India Energy Securities Scenarios 2047,? an analytical tool crafted by NITI Aayog, emphasizing a shift towards a sustainable energy future.

The scenario, labeled as Business-As-Usual (BAU), predicts a robust integration of solar energy, leveraging the rapid advancements in solar technology that enhance the efficiency of harnessing solar power. Despite these advancements, the precise estimation of land required for solar parks by 2050 remains uncertain, given the dynamic nature of technological progress in the solar sector.

Complementing this green transition, the Ministry of Environment, Forest, and Climate Change has put into effect the E-Waste (Management) Rules, starting from April 1, 2023. These rules are designed to address the disposal and recycling of used solar photovoltaic modules or panels, underscoring the importance of recovering valuable materials, as mandated by the Central Pollution Control Board (CPCB).

This development was detailed by Minister of State for New & Renewable Energy Shripad Yesso Naik in his written response to the Lok Sabha. By focusing on the recycling of solar infrastructure and advocating for environmentally sustainable energy solutions, the government marks a significant step in aligning India?s energy sector with global sustainability standards.

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..