PM Suryaghar Scheme Aims to Solarise Rs 100 Billion Homes
POWER & RENEWABLE ENERGY

PM Suryaghar Scheme Aims to Solarise Rs 100 Billion Homes

Ministry of New and Renewable Energy (MNRE) Secretary Santosh Kumar Sarangi on Tuesday expressed confidence that the ambitious target of one crore households under the PM Suryaghar rooftop solarisation scheme will be achieved soon. Launched by Prime Minister Narendra Modi on 13 February 2024, the scheme provides households with subsidised rooftop solar panels, offering free electricity and significantly lowering energy costs.
The initiative is expected to save the government approximately Rs 750 billion annually in electricity expenditures. Sarangi noted that nearly 20 lakh households have already benefitted and that state governments are showing strong interest in scaling up the programme.
“Fifteen to 20 lakh households will be added in this financial year, and next year we expect another 30 to 40 lakh installations as the programme scales up,” he said. The Secretary also highlighted domestic manufacturing growth under the Production Linked Incentive (PLI) scheme, with an outlay of Rs 240 billion, promoting solar modules, cells, ingots, wafers, and polysilicon production.
Sarangi emphasised the National Green Hydrogen Mission, with an allocation of Rs 196.77 billion, citing pilot projects in steel, mobility, transport, and shipping. He added that green hydrogen production, electrolyser manufacturing, and green ammonia initiatives are being promoted extensively to support decarbonisation.
Regarding artificial intelligence, Sarangi said its role in renewable energy installations is limited but noted its importance in grid integration, management, and power distribution.

Ministry of New and Renewable Energy (MNRE) Secretary Santosh Kumar Sarangi on Tuesday expressed confidence that the ambitious target of one crore households under the PM Suryaghar rooftop solarisation scheme will be achieved soon. Launched by Prime Minister Narendra Modi on 13 February 2024, the scheme provides households with subsidised rooftop solar panels, offering free electricity and significantly lowering energy costs.The initiative is expected to save the government approximately Rs 750 billion annually in electricity expenditures. Sarangi noted that nearly 20 lakh households have already benefitted and that state governments are showing strong interest in scaling up the programme.“Fifteen to 20 lakh households will be added in this financial year, and next year we expect another 30 to 40 lakh installations as the programme scales up,” he said. The Secretary also highlighted domestic manufacturing growth under the Production Linked Incentive (PLI) scheme, with an outlay of Rs 240 billion, promoting solar modules, cells, ingots, wafers, and polysilicon production.Sarangi emphasised the National Green Hydrogen Mission, with an allocation of Rs 196.77 billion, citing pilot projects in steel, mobility, transport, and shipping. He added that green hydrogen production, electrolyser manufacturing, and green ammonia initiatives are being promoted extensively to support decarbonisation.Regarding artificial intelligence, Sarangi said its role in renewable energy installations is limited but noted its importance in grid integration, management, and power distribution.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement