PNN DigitalPNN Digital
    Facebook Twitter Instagram
    Friday, August 29
    Trending
    • Bulkcorp International Limited Commissions Solar Power Plant
    • Navv Brings Raw Punjabi Energy With New Single ‘Address’
    • BillMade POS Announces Seamless Integration with PhonePe and Razorpay EDC + QR Code Payments
    • BE Hub Invites Visionary AI & ML Entrepreneurs to Join Its Startup Ecosystem
    • Snehaa Organics Limited Announces IPO Opening on August 29, 2025: An Exclusive Interview with Nandigala Venkata Sai Kiran
    • Gandhinagar: 16-year-old Bhavika Maheshwari Becomes Brand Ambassador of Children’s Research University
    • How QLead.ai Boosted Admissions for an EdTech Leader with Voice-Verified Leads
    • Supreme Court Grills the Governor Immunity Claim in 2 Fierce Stands
    Submit News
    PNN DigitalPNN Digital
    Subscribe
    • Home
    • News
    • Business
    • Entertainment
    • National
    • Lifestyle
    • More
      • Sports
      • Health
      • Finance
      • Education
    PNN DigitalPNN Digital
    Home»Business

    Navitas Solar Optimistic as India Eyes Sustainable Future: Anticipating Pro-Green Measures in Upcoming Interim Budget

    Jasmeen ChopraJasmeen ChopraUpdated:31/01/2024 Business 3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Surat (Gujarat) [India], January 31: As we anticipate the upcoming interim budget, Navitas Solar, a leading solar manufacturing company, reflects on the significant strides made in the renewable energy sector in the past year and outlines expectations for further growth and support.

    In 2023, India added a substantial 13.5 GW of renewable energy capacity, investing ₹74,000 crores. This accomplishment propelled India to the 4th position in both total renewable energy and wind power installed capacities and 5th in solar power capacity globally. Looking ahead to 2024-25, the government aims for 29.91% of the total energy to be sourced from renewable energy, adhering to the Renewable Purchase Obligation (RPO). This commitment is set to increase to 43.33% by 2029-30, demonstrating a strong push towards sustainable energy sources.

    The Ministry of New and Renewable Energy (MNRE) has recently augmented the Central Financial Assistance (CFA) for residential consumers adopting rooftop solar projects. The increased CFA of Rs. 18,000/kW for 1-3 kW capacity and Rs. 9,000/kW for 3-10 kW projects showcases the government’s commitment to promoting solar adoption among households.

    A noteworthy introduction is the green credit program, incentivizing environmentally positive actions through a market-based mechanism. Tradable green credits, available on a domestic market platform, aim to encourage and reward sustainable practices.

    Prime Minister Narendra Modi’s announcement of the ‘Pradhanmatri Suryoday Yojana’ is a monumental step towards self-reliance. The plan is focusing on installing solar rooftops on one crore houses, not only aims to reduce electricity bills but also projects India as a self-reliant nation. This initiative is expected to attract investments of up to ₹12,500 crores, expand solar capacity beyond 30 GW, generate employment, and boost local manufacturing of solar products.

    Commending the Delhi government’s recent move with the Delhi Solar Policy 2024, Navitas Solar acknowledges the efforts to encourage solar rooftops. The policy promises zero electricity bills for consumers and halved tariffs for commercial and industrial users upon installing rooftop solar panels.

    Expressing gratitude to the Indian government for promoting renewable energy, Navitas Solar anticipates the interim budget with hopes for additional policies and financial incentives, especially for MSME-scale solar manufacturing companies. Encouraging domestically manufactured products aligns with the ‘Aatmanirbhar Bharat’ initiative. The company looks forward to a sustainable budget, seeking economic schemes that support eco-friendly products, contributing to the national goal of achieving 500 GW of renewable energy by 2030.

    If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

    Navitas Solar
    Jasmeen Chopra

    Keep Reading

    Bulkcorp International Limited Commissions Solar Power Plant

    Navv Brings Raw Punjabi Energy With New Single ‘Address’

    BillMade POS Announces Seamless Integration with PhonePe and Razorpay EDC + QR Code Payments

    BE Hub Invites Visionary AI & ML Entrepreneurs to Join Its Startup Ecosystem

    Snehaa Organics Limited Announces IPO Opening on August 29, 2025: An Exclusive Interview with Nandigala Venkata Sai Kiran

    Gandhinagar: 16-year-old Bhavika Maheshwari Becomes Brand Ambassador of Children’s Research University

    Recent Posts
    • Bulkcorp International Limited Commissions Solar Power Plant
    • Navv Brings Raw Punjabi Energy With New Single ‘Address’
    • BillMade POS Announces Seamless Integration with PhonePe and Razorpay EDC + QR Code Payments
    • BE Hub Invites Visionary AI & ML Entrepreneurs to Join Its Startup Ecosystem
    • Snehaa Organics Limited Announces IPO Opening on August 29, 2025: An Exclusive Interview with Nandigala Venkata Sai Kiran

    Bulkcorp International Limited Commissions Solar Power Plant

    29/08/2025

    Navv Brings Raw Punjabi Energy With New Single ‘Address’

    29/08/2025

    BillMade POS Announces Seamless Integration with PhonePe and Razorpay EDC + QR Code Payments

    29/08/2025

    BE Hub Invites Visionary AI & ML Entrepreneurs to Join Its Startup Ecosystem

    29/08/2025

    Snehaa Organics Limited Announces IPO Opening on August 29, 2025: An Exclusive Interview with Nandigala Venkata Sai Kiran

    29/08/2025

    Gandhinagar: 16-year-old Bhavika Maheshwari Becomes Brand Ambassador of Children’s Research University

    29/08/2025
    Facebook Instagram Twitter
    • Legal Disclaimer
    • Privacy Policy
    • Contact Us
    • About Us
    © 2025 PNN Digital. Designed by Primex Media Services.

    Type above and press Enter to search. Press Esc to cancel.