Maharashtra Raises Net Metering Cap for Rooftop Solar to 5 MW, Boosting Renewable Energy Growth

22 Nov 2023 CW Team

In a significant move, Maharashtra has increased the net metering cap for rooftop solar installations to 5 MW, marking a substantial stride towards promoting renewable energy within the state. The decision is poised to encourage widespread adoption of rooftop solar systems, fostering sustainable energy practices and reducing dependence on conventional power sources. This revision in the net metering limit aligns with Maharashtra's commitment to meeting its renewable energy targets and addressing environmental concerns. The raised cap signifies a proactive approach towards harnessing solar power's potential and facilitating cleaner and more sustainable energy solutions. This regulatory adjustment is expected to stimulate investments in the solar sector, driving economic growth while contributing to the state's renewable energy portfolio. Key stakeholders, including solar developers, businesses, and environmentally conscious consumers, stand to benefit from this progressive policy shift.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

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..