PM KUSUM 2
Weak grid infrastructure, land access, financial barriers for developers slowed PM-KUSUM's progress: Study
India's flagship PM-KUSUM solar program for farmers faces significant challenges. Weak grid infrastructure, funding issues for small developers, land acquisition problems, and low electricity prices hinder its progress. While the scheme aims to boost farmer income and reduce diesel use, only a fraction of its solar capacity target has been achieved.
India set to emerge as world's 2nd largest solar market in 2026: NSEFI
India is set to become the world's second-largest solar market in 2026. The nation is rapidly adding solar capacity, reaching 150 GW. This growth is driven by government initiatives and increasing demand. Distributed solar and commercial installations are key. Energy storage is also expected to grow significantly. India is accelerating its renewable energy deployment.
India defers power plant maintenance to add 10 GW capacity for summer peak demand
India is boosting electricity supply for summer. Maintenance shutdowns at thermal power plants are postponed. This adds 10,000 MW of power. Imported coal plants are running at full capacity. Coal stocks are maintained. India's electricity system remains strong. Installed capacity exceeds 531 GW. Over 22,000 MW will be added in three months.
Centre to roll out PM-KUSUM 2, push rooftop solar to hit 10 million homes
India is set to boost solar power with new schemes. The PM-KUSUM 2 initiative will expand solar irrigation. The PM Suryaghar Muft Bijli Yojana aims to connect 10 million homes to solar power. Rooftop solar installations are progressing rapidly. Efforts are underway to address pending power sale agreements and transmission challenges to ensure green energy distribution.
Some PM KUSUM projects get extension till March 2027
The government has extended the deadline for some PM KUSUM solar projects. Developers and state agencies now have until March 31, 2027, to commission projects with power purchase agreements or letters of intent signed by December 31, 2025. This move offers relief amid execution delays and financing challenges. States are coordinating with banks to facilitate project completion.
Govt set to launch new version of PM KUSUM scheme focusing on agri solar PV component
The government is preparing to launch PM-KUSUM 2.0, a new version of the scheme aimed at boosting renewable energy in agriculture. This initiative will enable farmers to generate electricity while cultivating crops on the same land, with a dedicated 10 GW agri-PV component planned. The updated scheme is expected to feature higher targets and an increased outlay.
- Go To Page 1
360 ONE's Mayur Patel spots opportunities in 4 sectors for your FY27 portfolio
Mayur Patel of 360 ONE Asset Management sees improving structural drivers in financials, telecom, commercial vehicles, and integrated solar manufacturing, which are not fully valued for their medium-long term earnings. He highlights easing liquidity, trade deal benefits, and potential for revived foreign flows, while cautioning on AI disruption in IT services and rich valuations in FMCG and Defence.
Indo-UK offshore wind task force launched, India crosses 272 GW non-fossil fuel power capacity
India and the United Kingdom have launched an Offshore Wind Taskforce. This collaboration aims to accelerate India's renewable energy goals. India has already achieved significant non-fossil fuel capacity. The taskforce will focus on ecosystem planning, infrastructure and financing for offshore wind projects.
Andhra aims to complete two lakh rooftop solar installations by May: Chief secy
Andhra Pradesh aims to install two lakh rooftop solar connections by May under the PM Surya Ghar-Muft Bijli Yojana, with 1.5 lakh targeted by March. Chief Secretary Vijayanand emphasized quality execution and consumer convenience, directing officials to expedite renewable energy projects and EV charging infrastructure.
Shakti Pumps shares slip 5% on profit booking after 40% rally in four days
Shakti Pumps shares fell sharply on Wednesday as investors booked profits after a sharp 40% rally in just four sessions. The recent surge was driven by multiple order wins in December. On the technical front, the stock’s 14-day Relative Strength Index (RSI) stands at 65.4. An RSI below 30 indicates oversold conditions, while readings above 70 suggest overbought levels.
Shakti Pumps shares gain 40% in just 4 days. What's fuelling the rally?
Shakti Pumps’ shares surged for the fourth consecutive day, driven by multiple large solar pump orders across Maharashtra, Jharkhand, and Madhya Pradesh. The strong order inflow underscores its leadership in solar-powered irrigation solutions, boosting market confidence. Technical indicators show healthy momentum, supporting continued investor interest amid positive sectoral trends.
GK Energy IPO opens with robust GMP. Should you bid or skip?
GK Energy launched its Rs 464.26 crore IPO for subscription. The IPO opened on Friday and will close on Tuesday. The company is India’s largest solar-powered agricultural water pump systems provider under PM-KUSUM. The IPO price band is Rs 145–153 per share. The shares will be listed on NSE and BSE. The tentative listing date is September 26.
Insolation Energy gets 226 MW solar projects under PM KUSUM
Insolation Energy has secured multiple solar projects totaling 226.45 MW under the PM KUSUM scheme, requiring a Rs 750 crore investment. Its subsidiary, Insolation Green Energy, received orders from Jaipur and Ajmer Vidyut Vitran Nigam Limited for 135 sites. These projects, with tariffs ranging from Rs 2.60 to Rs 3.04 per unit, are slated for completion by 2026-27.
India to soon have 50 lakh rooftop solar systems under PM Surya Ghar Muft Bijli Yojana: Pralhad Joshi
Under the PM Surya Ghar Muft Bijli Yojana, over 20 lakh households have installed rooftop solar systems, with plans to add 30 lakh more soon. The scheme aims to benefit one crore households, with nearly half now receiving zero electricity bills. The government is also promoting domestic manufacturing of solar components and planning the second phase of the PM-KUSUM scheme.
Valuequest, 360 One and Kotak AIF invest in GK Energy's pre-IPO round of Rs 100 crore
GK Energy is India’s largest pure-play EPC provider for solar-powered agricultural water pump systems under the PM-KUSUM scheme. Backed by CRISIL data, it leads installations nationwide. Offering end-to-end services from design to commissioning, GK Energy helps farmers access affordable, clean irrigation energy while advancing government renewable energy goals.
From 6X gains in 2024 to bear market pain in 2025. Is this smallcap multibagger stock a buy now?
Shares of smallcap multibagger Shakti Pumps India, known for solar pumps and EV motors, is currently experiencing a market correction. Despite a recent dip, institutional investors are showing strong support. A ₹292 crore QIP was raised to fund a new solar cell plant. Experts highlight Shakti's dominance in the PM Kusum Yojana and diversification into EV motors.
Decentralised solar plants of 1,190 MW capacity installed in Rajasthan in last one year
Rajasthan has significantly expanded its decentralized solar power capacity under the PM-KUSUM scheme, adding 1,190 MW in the last year. Farmers are becoming power producers, benefiting from low-cost electricity and improved rural livelihoods. The state aims to provide daytime electricity for agriculture to all farmers by 2027, potentially reducing discom losses.
Datta Power Infra commissions two solar projects in Rajasthan
Datta Power Infra has successfully commissioned two solar projects totaling 5.04 MW in Rajasthan under the PM-KUSUM scheme, with plans to commission an additional 43 MW soon. The company's order book has surged to Rs 2,800 crore, and it has launched Power Sprout Solutions (PSS) to manage a 600 MW order book.
Modi govt cannot persist with ' cavalier implementation' of schemes: Congress on PM-KUSUM
Congress general secretary in-charge communications Jairam Ramesh said the Ministry of New and Renewable Energy has revealed some "startling facts" about PM-KUSUM, launched with "great fanfare" in 2019 to increase the agricultural use of solar energy across the country.
After rooftop scheme, plan in works to drive solar pumps
The government plans to streamline the installation of solar agricultural pumps for farmers under the PM-KUSUM scheme by connecting them directly to vendors through a national portal, similar to the PM Suryaghar Muft Bijli Yojana for solar rooftop schemes. This initiative aims to simplify the process, reduce delays, and empower farmers to choose their preferred solar pumps. The scheme's subsidy structure, with 30% from the Centre and a minimum of 30% from states, will remain unchanged. The national portal will also accommodate state subsidies, enhancing efficiency in implementation.
Shakti Pumps raises Rs 200 crore through QIP
Shakti Pumps (India) announces closure of Rs 200 crore QIP. With this fundraise, our balance sheet is placed well and will give us the opportunity to improve our market presence and consistently deliver strong results in the times ahead
Torrent Power bags 306 MW solar project worth Rs 1,540 cr
West Bengal can save Rs 62,000 crore over a decade by transitioning from thermal power to renewable energy sources, according to a study by Climate Risk Horizons. Torrent Power has secured a contract from Maharashtra State Electricity Distribution Co Ltd for setting up 306 MW solar projects worth Rs 1,540 crore under the PM-KUSUM Scheme.
SJVN bags 1,352 MW solar projects worth Rs 7,436 cr
SJVN Chairman and Managing Director Geeta Kapur informed that these projects of 1,352 MW will be developed at various locations in Maharashtra -- Nashik, Solapur, Ahmednagar and Pune under Mukhya Mantri Saur Krushi Vahini Yojana 2.0.
Fundamental Radar: What makes Shakti Pumps a constructive bet in the pump manufacturing space? Parth Shah explains
Having decades of experience in the pumping industry and fetching a dominant position in the domestic solar pumping industry, the company also holds a 40% market share in the PM-KUSUM scheme, the government’s visionary program to embrace solar power for the agriculture sector.
IREDA floats retail division for business to customers loans
IREDA Chairman & Managing Director Pradip Kumar Das announced the launch of the retail division while he was speaking during the Leaders' Dialogue on 'Actioning Solutions for Global Sustainable Development and Governance of Resources' on December 7, 2023, organized by CEEW & CII as part of COP28 in Dubai, IREDA said in a statement.
Shakti Pumps gets Rs 350-crore work order under PM-KUSUM scheme
The scheme consists of three components - Component A is for installation of 10,000 MW of solar capacity by installing small power plants of capacity up to 2 MW and Component B to install 20 lakh standalone solar-powered agriculture pumps.
Govt extends PM-KUSUM scheme till March 2026 as COVID affects implementation
"The pace of implementation of PM-KUSUM was significantly affected due to the COVID-19 pandemic. The Ministry of New & Renewable Energy (MNRE) has also conducted a third party evaluation of the scheme and based on the recommendations, the scheme has been extended till 31.3.2026," R K Singh, Minister for New and Renewable Energy said in a written reply to the Lok Sabha.
'Schemes like Jan Dhan, Mudra bring paradigm shift in governance'
The book, which is yet to be launched, focusses on the achievements of the Modi government since 2014. It is being published by Development Leaders' Alliance (DLA) founded by young entrepreneur Sankalp Shukla.
Uttar Pradesh: Farm sector booster dose through Kusum scheme for solar pumps
The energy department would seek funds to give a fillip to the scheme which is seen as an alternative to energising the agriculture sector accounting for 16% of the total power consumption
Load More
