Analysts predict a landmark year for India's solar energy sector, driven by government initiatives and falling equipment costs. This surge is expected to create new opportunities for EPC contractors and land acquisition firms.
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The government has announced revised land acquisition policies aimed at streamlining the process for large-scale infrastructure and renewable energy projects, reducing timelines and attracting investment.
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A significant increase in investment is being directed towards strengthening India's power transmission infrastructure to support the growing capacity of renewable energy projects across the country.
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Grid-scale battery storage is becoming a critical component of India's energy strategy, providing stability and reliability to the grid as the share of intermittent renewable sources grows.
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The PM-KUSUM scheme is successfully encouraging farmers to adopt solar power for irrigation, boosting rural economies and reducing the carbon footprint of the agricultural sector.
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An increasing number of corporations are entering into direct Power Purchase Agreements with renewable energy producers, driving significant growth in the commercial and industrial solar market.
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