PM KUSUM SCHEME
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.
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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.
Luminous Power Technologies bags orders for 350 MW solar capacity in Rajasthan under PM-KUSUM
Luminous Power Technologies will install 350 MW of solar power projects in Rajasthan. These projects are part of the PM-KUSUM scheme. Electricity generated will be sold to local distribution companies. The installations are expected to begin in early 2026.
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.
Govt likely to extend PM-KUSUM deadline again
The government is expected to extend the deadline for the PM-KUSUM scheme again, as two of its major components have failed to reach even half of their targets, according to an official source. Launched in 2019, the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan aimed to add 30,800 MW of solar capacity by 2022 with ₹34,422 crore in central support.
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.
Oswal Pumps bags Rs 442 crore order to supply solar pumps in Maharashtra
Oswal Pumps has secured a significant order worth Rs 442 crore from Maharashtra State Electricity Distribution Company to supply 14,787 solar water pumping systems. The company will also handle installation and commissioning across Maharashtra under the PM-KUSUM scheme. This initiative aims to promote solar energy use in agriculture, with installations to be completed within 60 days of work order issuance.
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.
PM KUSUM scheme faces implementation hurdles, only 30% targets met as deadline nears: Report
The report by the think tank Centre for Science and Environment (CSE) outlines findings from surveys conducted in Haryana, Punjab, Rajasthan, and Chhattisgarh and says the scheme has achieved only 30 per cent of its targets after six years, with the 2026 deadline fast approaching.
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.
Gautam Solar supplies 60 MW solar panels for PM-KUSUM scheme
The solar panels will be delivered under Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, a company statement said.
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.
Shakti Pumps plans expansion, pins hopes on PM-KUSUM scheme
Under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), launched in February 2019, both Centre and states provide subsidy to farmers for installation of solar pumps.
Budget 2020: Govt expands PM KUSUM scheme for solar pumps, targets to cover 20 lakh farmers
FM said that 15 lakh farmers would be provided funds to set up grid-connected 15 lakh solar pumps.
Govt issues guidelines for implementing feeder-level solarisation under PM-KUSUM scheme
In February 2019, the government had approved the launch of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme to provide financial and water security to farmers through harnessing solar energy capacities of 25.75 gigawatt (GW) by 2022.
Govt expands scope of PM-KUSUM for harnessing solar energy by farmers
Now, besides barren, fallow and agricultural lands, solar power plants can also be installed on pasture land and marshy land of farmers. To support small farmers, solar projects smaller than 500 kW may be allowed by states based on techno-commercial feasibility, the Ministry of New and Renewable Energy (MNRE) statement said.
MNRE cautions against fake websites for PM-KUSUM Scheme
On March 18, 2019 MNRE had issued an advisory advising beneficiaries and general public to refrain from depositing any registration fee and sharing their data on such websites.
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
Farmers opting for PM-KUSUM to get daytime power for irrigation
Farmers who opt to promote use of solar power under Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme will be eligible to receive electricity for irrigating their fields during the day hours.
Budget 2020: Solar power pumps to light up farmers’ fortunes in Rajasthan
In the Budget speech, the finance minister said the PM-Kusum scheme removed farmers’ dependence on diesel and kerosene and linked pump sets to solar energy.
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