India’s Solar Sector Shines Bright | Mojo News | Tata Power | NTPC | Engie

Today’s headlines are:

1. Government Re-Imposes Restrictions on Solar Module Imports to Boost Local Manufacturing

2. Engie to Expand Capacity with Rs 7,000-Cr Investment by 2025

3. NTPC Logs Highest-Ever Power Generation of 422 Billion Units in FY24

4. India’s Power Consumption Rises 1.4% to 129.89 Billion Units in March

5. Tata Power Renewable Energy Commissions 200 MW Solar Project in Bikaner

Watch the complete report on the solar sector now!

Government Re-Imposes Restrictions on Solar Module Imports to Boost Local Manufacturing

In a bid to bolster domestic manufacturing within the solar industry, the government has reinstated restrictions on the import of solar modules. This move is part of India’s strategy to achieve significant growth in solar capacity by 2026.

Engie to Expand Capacity with Rs 7,000-Cr Investment by 2025

Engie India has unveiled ambitious plans to expand solar capacity in India. With a substantial investment of Rs 7,000 crore by 2025, the company aims to add two gigawatts of solar capacity across Rajasthan and Gujarat.

NTPC Logs Highest-Ever Power Generation of 422 Billion Units in FY24

NTPC, India’s leading power generating company, has achieved a remarkable milestone in the fiscal year 2023-24. The company recorded its highest-ever annual electricity generation of 422 billion units, marking a significant growth of nearly 6% compared to the previous year.

India’s Power Consumption Rises 1.4% to 129.89 Billion Units in March

India’s power consumption trends have also come under scrutiny. Despite a modest 1.4% growth in March, the country’s power consumption reached 129.89 billion units. Analysts are debating the factors influencing these trends, including weather conditions, economic activities, and technological advancements.

Tata Power Renewable Energy Commissions 200 MW Solar Project in Bikaner

In the renewable energy sector, Tata Power has commenced operations on a noteworthy project in Bikaner, Rajasthan. The 200 MW solar project is anticipated to generate 485 million units of green energy annually.