Various sectors, including agriculture, have realized the benefits of cost savings from switching to solar energy. For a hydroponics farmer, recovering the cost of the solar system in three years, saving on electricity costs, which was more than half of the monthly expenses, and contributing to the environment have been the major advantages of going solar. For Harbar S. Dhindsa, the co-founder and Chief Marketing Manager of Farmcult, solarizing his 2.5-acre hydroponics farm was “utilizing nature’s potential.”

Jharkhand Renewable Energy Development Agency invited bids for the engineering, procurement, and construction of 14 MW grid-connected and ground-mounted solar projects on government land in Palamu and East Singhbhum districts in Jharkhand. Successful bidders must commence the projects within 12 months from the date of work order issuance. They must also oversee the projects’ comprehensive operation and maintenance for 25 years.

Automotive solutions provider Uno Minda will procure 17.85 MW of solar power from Amplus Solar’s special purpose vehicle (SPV), Amplus Ampere. The power will be sourced from Amplus Ampere’s 54.94 MW captive solar project in Maharashtra. In a BSE filing, Uno Minda announced that the company’s board of directors approved an investment of ₹3.5 million (~$40,907)/MW, aggregating up to a total of ₹62.5 million (~$730,486). The company will acquire 9.75% of the SPV’s equity shares by the first quarter of 2025. The present paid-up capital of Amplus Ampere is ₹100,000 (~$1,169).

Vietnam-based solar solutions company TOYO announced an expansion of its solar cell production facility in Ethiopia, increasing its capacity from 2 GW to 4 GW. TOYO will invest $47 million to expand production. The company is planning to lease a 28,000 sq m facility in Hawassa, Ethiopia, adjacent to its existing automated production site. The company has completed the construction of the first phase of the solar cell facility, which has a production capacity of 2 GW. TOYO is conducting equipment installation, testing, and trial runs at the site.