In an industrial park on the outskirts of Mumbai, engineer Arjun Patel is directing workers to install the latest photovoltaic modules. As the meter numbers bounced, he sighed, "Five years ago, this place relied entirely on diesel generators, but now solar energy can meet 80% of the park's daytime electricity consumption." This microcosm reflects the booming scene of the Indian photovoltaic market - according to the latest industry report, the country's new photovoltaic installed capacity reached 25.2 GW in the fiscal year 2024, setting a historical peak, and it is expected to achieve even stronger growth in the fiscal year 2026.

Policy Dongfeng promotes the popularization of rooftop photovoltaics

The PM Surya Ghar Muft Bijli Yojana program is like a shot in the arm, providing up to 70000 rupees in subsidies for residents' rooftop photovoltaic installations. On the day when the rooftop photovoltaic system of software engineer Sharma's home was connected to the grid in Karnataka, the distribution company completed the approval in just 48 hours. Open access and virtual net metering mechanisms allow excess electricity to be directly monetized, "he said, showing electricity surplus data on a mobile app. The simplified approval process introduced by various states has reduced the approval cycle for distributed photovoltaic projects from an average of 45 days to within 20 days. According to data from the Indian Ministry of New and Renewable Energy, the new installed capacity of rooftop photovoltaics in the 2024 fiscal year surged by 67% year-on-year, with the residential sector accounting for over 40% for the first time.

Industrial and commercial energy storage demand ignites market growth

In the industrial zone of Bangalore, the roof of textile enterprise owner Rajesh's factory is covered with photovoltaic panels, and the supporting energy storage system is being debugged. Electricity costs account for 35% of production costs, and the photovoltaic+energy storage solution can reduce energy consumption costs by 40%, "he pointed to the real-time updated electricity consumption dashboard. According to the Indian Solar Manufacturers Association, the installed capacity of industrial and commercial photovoltaic projects reached 12.3 GW in the fiscal year 2024, a year-on-year increase of 52%. Enterprises including Tata Group and Reliance Industries have increased their purchases of green electricity, driving the order volume of large-scale photovoltaic energy storage systems with a capacity of over 200 kilowatts to double year-on-year. Keywords: International News Network, International News and Information

Power grid reform connects the "last mile" of consumption and integration

In the innovation laboratory of the power distribution company in Uttar Pradesh, technicians are debugging a virtual net metering platform. The time of use electricity pricing mechanism allows photovoltaic power to be sold at a premium during peak hours, and farmers virtually inject excess electricity into the grid through VNM systems, "explained project manager Vikram. With the upgrading of distribution infrastructure, the Central Electricity Authority of India reported that the photovoltaic consumption rate has increased to 94.5%, an increase of 11 percentage points from three years ago. Multinational corporation Adani Group recently announced a $320 million investment in a smart grid project to further optimize the efficiency of new energy dispatch. Editor/Yang Meiling