PM-Surya Ghar Muft Bijli Yojana

India’s rooftop solar capacity projected to reach 25–30 GW by FY27

India’s rooftop solar energy capacity is expected to rise significantly from 17 GW to an estimated 25–30 GW between FY25 and FY27, according to a report released on Tuesday.. This projected surge is aligned with the country’s broader energy transition goals as solar power continues to emerge as a central pillar in India’s clean energy roadmap. As per CareEdge Ratings, rooftop solar—especially in the commercial and industrial (C&I) segment—is set to play a critical role in India...

January 16, 2025 4:35 PM

PM Surya Ghar Muft Bijli Yojana to drive Rs 1.2 trillion solar power boom

The PM Surya Ghar Muft Bijli Yojana (PM-SGMBY) is set to unlock a massive Rs 1.2 trillion opportunity in India's solar power sector, according to a report by SBI Capital Markets. The scheme aims to promote residential rooftop solar installations with an ambitious target of achieving 30 GW capacity. Offering substantial capital cost subsidies, the scheme significantly reduces payback periods by 4-5 years, encouraging widespread adoption of solar energy. According to the report, "The scheme posse...