Ecofy and Federal Bank offer affordable loans for MSME solar projects
New co-lending program from Federal Bank and Ecofy aims to finance 3,600 kW of rooftop solar annually, reducing 2,500 tons of CO₂ emissions. Details here.
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Epic Energy Ltd partners with Niva Ecotech for 35 MW solar park
The 35 MW planned project in Solapur marks the first project together for Epic Energy Ltd and Niva Ecotech. More on Epic’s future plans for the project here.
World Bank’s report charts the course for Indian FPV success
World Bank’s report, “Unlocking the Potential of Floating Solar Photovoltaics in India” led by Surbhi Goyal, highlights untapped 4 TW global capacity in inland waters. Asia, particularly China and India, anticipates substantial FPV growth. Short-term Indian goals focus on inland waters, with long-term plans for offshore expansion. To achieve 2-3 GW annual installations in three…
JMK reports 25% decrease in PV installations
According to JMK Research, in Q1-Q3 2023, India added 8.5 GW of solar capacity, including 5.06 GW utility-scale, 3 GW rooftop, and 0.4 GW off-grid. Notably, there’s a 25% decrease in overall solar installations from the previous year, driven by an 84% decline in utility-scale solar, to 5.06 GW in 2023. In contrast, rooftop solar…